EVALUAREA STOCURILOR ÎN REPUBLICA MOLDOVA ȘI IMPACTUL ASUPRA RAPORTĂRII FINANCIARE
INVENTORY VALUATION IN THE REPUBLIC OF MOLDOVA AND ITS IMPACT ON FINANCIAL REPORTING

Summary/Abstract: In order to carry out their activities, entities use various current assets, with inventories being a key accounting element within them. In accounting practice, there are numerous challenges related to the accounting of inventories. Proper management of inventories involves addressing important issues regarding the recognition, evaluation, and use of accounting accounts specific to inventory movements. Correct inventory valuation is a fundamental aspect of financial accounting, as it has a direct impact on the financial statements, economic results, and tax obligations of an entity. In the Republic of Moldova, accounting regulations regarding inventory valuation are influenced by both the National Accounting Standards (SNC) and the International Financial Reporting Standards (IFRS), which can create difficulties in their application. The purpose of this article is to analyze the main challenges encountered in inventory valuation in the Republic of Moldova and to propose practical solutions for optimizing this process, considering its impact on financial reporting and efficient resource management. In this regard, it is recommended to clarify the recognition and valuation of inventories in accordance with the specifics of the activity carried out, as well as to present transparent accounting information regarding inventories in the financial statements.

• Details
• Contents