Accounting constraints in closing the tax year 2005
Author:
PhD Georgeta PETRE
JEL:
DOI:
Keywords:
statement, regulation, audit, distributed profit
Abstract:
For the year 2005, the Ministry of Public Finance doesn’t issue any accounting provisions regarding the closing works of the financial year, having in view that the legislation in the accounting field weren’t modified during last year.\r\n\r\nBriefly, the financial statements for the end of 2005 must be drawn up by respecting the provisions of the Accounting Law no. 82/1991, republished and the accounting regulations applicable and effective at that date, respectively the Accounting Regulations harmonized with the 4th European Directive and International Accounting Standards, approved by Order of minister of public finance no. 94/2001, or the Simplified Accounting Regulations harmonized with the European Directives, approved by Order of minister of public finance no. 306/2002.