Legislative Similarities and Differences between the Annual Financial Statements for the Individual and Consolidated Economic Entities
Even from the first day of 2015, the annual financial statements have suffered a number of changes, according to the Minister of Public Finance's Order 1802/2014, published in the Official Journal no. 963/30.12.2014. The accounting regulations approved by the new Order raise the attention of all specialists in the field of accounting, given that they aim the size criteria of the economic entities, the reports that they have to make and also a number of accounts and some accounting treatments. More exactly, the new Order of the Minister of Public Finance has introduced a number of accounts and new assets â€“ such as the real estate investments the productive biological assets. Also, the new accounting regulation has changed the subsequent commercial discounts afferent to the inventories in balance at the end of the reporting period and that affect the stock value, not the profit or loss accounts. The legislative similarities and differences between the Order 1802/2014 and the Order that was before (3055/2009) are detailed in this paper. I believe that achieving financial statements will be harder because of the big number of changes introduced by the Order 1802/2014, changes that may have major impact on all the spheres of activity.
Volume (Year): 10 (2015)
Issue (Month): 2 (December)
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