Historical course of accounting in the Republic of Moldova: realities and trends

Abstract

In this article, it will be conducted a study on the historical course of accounting in the Republic of Moldova (after independence in 1991) with the establishment of periods of changes, periodization in terms of regulatory approach and description of the specific aspect. It is well known that accounting has been and is dependent on the economic and social development. Therefore, over time, accounting is going through a process of modernization in the Republic of Moldova, and to know the tendency of accounting evolution in the Republic of Moldova in the future, you really need to know its history so far. The research aims to identify the challenges and effects of changes in accounting. The research used scientific research methods, such as: analysis of the legal framework governing the study, synthesis of information, comparison to identify distinctive features, deduction of challenges, and impact assessment through the effects of accounting reforms. The study reveals that the implementation of accounting reforms has faced some challenges: implementing the first reform without knowing the regulations beforehand, often drafting accounting laws (1995, 2007, 2017), although the experiences of other states show just some changes, often changes in national accounting standards, frequent changes in the formats of financial statements, etc. In conclusion, the authors appreciated the effects produced by the accounting reforms and expressed their opinion on the periods covered. DOI: https://doi.org/10.53486/9789975155663.10; CZU: 657.1(478); JEL: M41, A2.