The Experience of the Republic of Moldova in Reforming the Accounting System and Its Harmonization with Ifrs and European Directives

Authors: L. Grigoroi, ORCID ID 0000000200015136, PhD, Academy of Economic Studies of Moldova, Republic of Moldova, Chisinau
N. Muntean, ORCID ID 0000000163852890, PhD, Academy of Economic Studies of Moldova, Republic of Moldova, Chisinau

Abstract: Reforming the accounting system in the Republic of Moldova and its harmonization with IFRS and European directives takes almost three decades and is a complex technical route which involves important financial and human resources. The given paper aims to present and interpret the way in which the accounting system reform was achieved, how international accounting standards and European directives have been transported into national legislation in order to identify the main waves of the accounting reform and the regulatory changes made by the regulator, of the benefits and costs, advantages and disadvantages arising from the implementation of the reformed regulatory framework. The responses are obtained by applying, as a method of research, the phenomenological interpretive analysis, the documentary and analytical research, the comparative opinion and analysis, thus being categorized as a qualitative empirical research. The results and conclusions of the study will serve as the basis and lessons learned for future reforms. However, knowing the past is building the future.

Key words: accounting reform, accountancy, national accounting standards, IFRS, accounting directive

Received: 26/07/2018

1st Revision: 20/08/2018

Accepted: 10/10/2018



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A.-O. Iacobutа, Doctor of Sciences (Economics), Associate Рrofessor
ORCID iD 0000-0003-3318-6895,