CERN European Organization for Nuclear Research - Zenodo, Jun 24, 2022
Applying appropriate accounting policies, in particular choosing alternatives to National Account... more Applying appropriate accounting policies, in particular choosing alternatives to National Accounting Standards or International Financial Reporting Standards, can have a significant impact on financial results, as the entity may choose, within the law, to model or improve its financial statements. The analysis carried out in this article shows that there are certain aspects that can be modified to obtain an advantageous financial result for the entity, at the same time without violating the law, but only using correctly different accounting methods, for example valuation of fixed assets, income tax. , amortization of fixed assets, etc.
CERN European Organization for Nuclear Research - Zenodo, Sep 9, 2022
The Covid-19 affected both accounting education and profession, and reshaped trends in the accoun... more The Covid-19 affected both accounting education and profession, and reshaped trends in the accounting world. The accounting education has been effected by the health crisis, facing new challenges in evaluation process, the lecturing time and teaching methods. Education and profession are strongly connected, if accounting education is affected negatively, this will have consequences on the profession. Accounting professionals also faced major challenges due to remote working, limited time for decision-making, increase in cyber frauds and forced reduction of employees' number. Starting from this reality, the aim of this research paper is to evaluate how Covid-19 pandemic reshaped the requirements for accounting education and profession, and identify the newest trends in accounting field. In order to meet the aim of the research, an analysis of secondary data resources will be carried out. The research will include the results from the most recent Association of Chartered Certified Accountants surveys and will be completed by the most recent data and references in this field of research and own reflections of the author.
CERN European Organization for Nuclear Research - Zenodo, Jun 27, 2022
This paper aims at presenting the challenges, and trends faced by the accounting profession under... more This paper aims at presenting the challenges, and trends faced by the accounting profession under the impact of Covid-19. The accounting profession has always assisted to support and shape private and public businesses. However, the fast speed at which the outbreak of the Covid-19 crisis has broad changes in the use of digital technology in businesses, post great challenges to the accountants and their firms. To overcome the risk and challenges, accountants must add value by embracing digital technology to meet the current and future challenges.
CERN European Organization for Nuclear Research - Zenodo, Jun 27, 2022
Financial statements are an important source of information for different external users in deter... more Financial statements are an important source of information for different external users in determining and analyzing the financial health, profitability of the company, as well as various financial problems that it might face. However, not all the time the financial statements present enough information or the included one is irrelevant. The purpose of this research is to understand the ways in which financial statements are useful for different external users such as investors, creditors, business partners, and governmental units. Moreover, through the analysis of the full, simplified and abridged financial statements, we aim to determine which of these 3 types are the most suitable for external users, as all of them include different information. Out of the 3 types of financial statements we currently use in the Republic of Moldova, the most exhaustive and useful is the complete one, as it provides information about the financial health of the entities from different point of view. Nevertheless, there are some aspects, from the international practice, that national authorities should consider, such as: including information about interest rates on loans, the amount of depreciation of fixed assets, as well as information related to the compromised receivables and liabilities.
Journal of Innovation and Business Best Practice, 2022
Small and medium sized enterprises (SMEs) are the main force for economic growth, but at the same... more Small and medium sized enterprises (SMEs) are the main force for economic growth, but at the same time an extremely vulnerable sector, which constantly needs support from the state. Thus, one of the basic tasks in the state regulation of the activity of this sector involves the development of policies aimed to support small and medium business.
Estimări și perspective analitice în dezvoltarea întreprinderilor mici și mijlocii inovaționale din Republica Moldova
CSIE Working Papers Series, 2020
De peste două decenii în care Guvernul Republicii Moldova cu eforturile sale proprii, cât şi, în ... more De peste două decenii în care Guvernul Republicii Moldova cu eforturile sale proprii, cât şi, în special, în ultimii ani, cu suportul financiar din partea Uniunii Europene şi al altor donatori şi instituții financiare internaţionale a inițiat în practică o serie de măsuri menite să susțină sectorul businessului mic şi mijlociu – acestea au început să dea roade. Măsurile de susținere întreprinse s-au valorificat într-un șir de rezultate pozitive, remarcate şi în demersul analitic de față, cum ar fi: sporirea aportului sectorului IMM-urilor în PIB; creșterea numărului de IMM-uri şi a forței de muncă angajate în aceste întreprinderi. Totuși în cadrul analizei efectuate s-a observat, că aceste rezultate raportate la ţările cu o economie de piaţă funcțională sunt cu mult inferioare, iar dezvoltarea sectorului businessului mic şi mijlociu reprezintă încă o mare provocare pentru Republica Moldova. Realitatea economică demonstrează că întreprinderile care conștientizează necesitatea de a cr...
Olicies and Practices for Implementation of Ifrs and Nas in the Republic of Moldova
USV Annals of Economics and Public Administration, 2015
This study aims to analyse the process of harmonization of national accounting standards of the R... more This study aims to analyse the process of harmonization of national accounting standards of the Republic of Moldova to the international standards. It highlights the main advantages, disadvantages, risks and opportunities regarding the implementation of the new standards. A major step for the Republic of Moldova was the implementation of IFRS, which has become mandatory for all public interest entities from 1 January 2012 and the adoption of new NAS in accordance with EU Directives and IFRS for small and medium-sized entities, for which the transition to IFRS was difficult due to high costs involved. The new NAS came into force on 1 January 2014 as a recommendation, but starting with 1st January 2015 it will be mandatory for all entities. The paper includes a practical analysis of the impact of transition to IFRS on the financial results of a public interest entity- Moldova Agroindbank, which is the largest commercial bank, with the highest market share in the banking sector of the ...
Rolul strategiilor inovaționale de marketing în asigurarea avantajului competitive al IMM
CSIE Working Papers Series, 2020
Importanța subiectului constă în faptul că avantajul competitiv joacă un rol cheie pentru IMM-uri... more Importanța subiectului constă în faptul că avantajul competitiv joacă un rol cheie pentru IMM-uri și poate rezulta din obținerea și utilizarea informațiilor curente și veridice în luarea deciziilor la toate nivelurile ierarhice. Literatura IMM recunoaște că firmele mici nu pot concura folosind economii de scară; prin urmare, avantajul lor competitiv constă în dezvoltarea de produse sau procese inovatoare, care depind de informațiile corecte despre piață și clienți. Interacțiunea și participarea la activități sociale, comerciale și comerciale, activitățile de rețea fiind principala sursă de informații de piață care stau la baza planificării IMM-urilor. Practicile de marketing creative, alternative și inovative pot ajuta chiar și sub influența constrângerilor de resurse financiare. Conform datelor CE, aproximativ două treimi din creșterea economică a Europei din ultimele decenii a fost generată de inovație. Fiecare euro investit în cadrul programului european de cercetare și inovare H...
CERN European Organization for Nuclear Research - Zenodo, Jun 23, 2022
Evoluția societății și a contabilității a impus noi cerințe și față de educația universitară cont... more Evoluția societății și a contabilității a impus noi cerințe și față de educația universitară contabilă. Rolul profesionistului contabil a evoluat enorm într-o entitate: de la un simplu operator care înregistra tranzacții economice spre un consilier strategic în administrarea unei afaceri, capabil să întocmească, interpreteze și să prezinte informațiile financiar-contabile într-o manieră clară pentru a facilita procesul decizional. În acest context, au sporit și exigențele față de educația contabilă de calitate. În acest articol am recurs la detalierea cerințelor față de educația universitară contabilă națională în convergență cu Standardele Internaționale de Educație. Studiul de față a inclus o analiză comparativă a conținutului planurilor de învățământ la specialitatea ,,
Transition to IFRS in the Republic of Moldova: general and practical aspects
Implementation of IFRS was a controversial process in many countries. The case of the Republic of... more Implementation of IFRS was a controversial process in many countries. The case of the Republic of Moldova is not an exception from this rule. The initially established time framework (year 2009) for IFRS implementation could not be respected due to some objective reasons and it was postponed for 2011. However, even this 2-years postponement did not create all necessary conditions and bases for uncomplicated first-time application of IFRS. Insufficient number of chartered accountants who know the IFRS’ rules and principles and how to apply them in practice, fiscal instability caused by frequent legislative changes, limits imposed by existing outdated IT systems and other factors in line with accounting traditions and perceptions give birth to many questions and difficulties in IFRS implementation in the Republic of Moldova. Authors describe the major obstacles and particularities of this process in the article, basing on analysis of regulatory framework, personal experiences and case...
Policies And Practices For Implementation Of Ifrs And Nas In The Republic Of Moldova
This study aims to analyse the process of harmonization of national accounting standards of the R... more This study aims to analyse the process of harmonization of national accounting standards of the Republic of Moldova to the international standards. It highlights the main advantages, disadvantages, risks and opportunities regarding the implementation of the new standards. A major step for the Republic of Moldova was the implementation of IFRS, which has become mandatory for all public interest entities from 1 January 2012 and the adoption of new NAS in accordance with EU Directives and IFRS for small and medium-sized entities, for which the transition to IFRS was difficult due to high costs involved. The new NAS came into force on 1 January 2014 as a recommendation, but starting with 1st January 2015 it will be mandatory for all entities. The paper includes a practical analysis of the impact of transition to IFRS on the financial results of a public interest entity- Moldova Agroindbank, which is the largest commercial bank, with the highest market share in the banking sector of the ...
Transition to IFRS in the Republic of Moldova: general and practical aspects
Journal of Accounting and Management Information Systems, 2014
Implementation of IFRS was a controversial process in many countries. The case of the Republic of... more Implementation of IFRS was a controversial process in many countries. The case of the Republic of Moldova is not an exception from this rule. The initially established time framework (year 2009) for IFRS implementation could not be respected due to some objective reasons and it was postponed for 2011. However, even this 2-years postponement did not create all necessary conditions and bases for uncomplicated first-time application of IFRS. Insufficient number of chartered accountants who know the IFRS’ rules and principles and how to apply them in practice, fiscal instability caused by frequent legislative changes, limits imposed by existing outdated IT systems and other factors in line with accounting traditions and perceptions give birth to many questions and difficulties in IFRS implementation in the Republic of Moldova. Authors describe the major obstacles and particularities of this process in the article, basing on analysis of regulatory framework, personal experiences and case study of the entity which applies IFRS since 2011.
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