Criteria for items recognition in the annual financial statements

Author:PhD. Student Monica JULEAN

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Abstract:
The recognition criteria specified in Accounting Regulations conform with Directive IV of the EEC, approved by Ministry of Public Finance Order No. 1752-2005 meet the criteria for recognition under the Framework and Financial Reporting Standards, on the major elements as a whole, assets, liabilities, equity, revenues and expenses and also as sub-items (assets, current assets, current liabilities etc.).

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