The Ministry of Public Finance published on the website for consultation, the draft order on the main issues related to the preparation and submission of annual financial statements and annual accounting reports of economic operators to the territorial units of the Ministry of Public Finance, as well as for regulating accounting issues.
The normative act includes issues related to the preparation of the annual financial statements for the financial year 2020 and the annual accounting reports prepared by economic operators for December 31, 2020, as well as their submission to the territorial units of the Ministry of Public Finance.
The categories of annual financial statements prepared according to the applicable accounting regulations are presented, respectively the accounting regulations regarding the individual annual financial statements and the consolidated annual financial statements, approved by the Order of the Minister of Public Finance no. 1.802 / 2014, with subsequent amendments and completions, or the Accounting Regulations compliant with the International Financial Reporting Standards, approved by the Order of the Minister of Public Finance no. 2,844 / 2016, with subsequent amendments and completions.
Considering that, by Emergency Ordinance (OUG) no. 78/2019 on the amendment of some normative acts and the establishment of some measures in the field of agriculture, as well as for the approval of some fiscal-budgetary measures, was repealed by Governance Ordinance (OG) no. 23/2017 on the breakdown of VAT, the accounts on the breakdown of VAT are no longer justified to be kept, and therefore it is proposed to remove them from the chart of accounts.
At the same time, in order to correlate some provisions contained in the accounting regulations applicable to economic operators, it is proposed that the provisions contained in the accounting regulations approved by the Order of the Minister of Public Finance no. 1.802 / 2014, at the function of account 106 “Reserves”, to be similar to those corresponding to the same element, found in the function of account 129 “Profit distribution”.