Considerații privind tratamentul contabil al unor operațiuni economice
Considerations on the accounting treatment of certain economic transactions

Summary/Abstract: The changes and additions to the accounting legislation during 2021 were either driven by its alignment with other legal provisions, such as those in the Tax Code, or as a result of requests from the business community. These amendments and additions are a further step towards harmonizing certain accounting treatments in the accounting regulations in line with the European Directives with the accounting treatments set out in International Financial Reporting Standards. Among the changes in legislation that could affect the accounting policies applied by entities are those relating to the obligation to conduct accounting and prepare annual financial statements by certain categories of entities, those relating to the accounting for borrowing costs related to a long-lived asset or those relating to the recognition and presentation of income related to net turnover. Another change that has raised interest among practitioners is the accounting for amounts owed to the parent (or other group entity) by an entity whose employees receive shares directly from the parent. We believe that an analysis of the amendments and additions to the accounting regulations, approved by the O.M.F.P. no. 1802/2014, and the accounting treatments they imply can be a starting point for further debate among practitioners.

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