THEORETICAL FOUNDATIONS AND CONCEPTUAL DELIMITATIONS OF ACCOUNTING POLICIES

Vilena Tiè˜cenco (), Galina Bä‚dicu () and Cristina-Gabriela Cosmulese ()
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Vilena Tiè˜cenco: Ștefan cel Mare University of Suceava, 720229, Romania
Galina Bä‚dicu: Academy of Economic Studies of Moldova, ChiÈ™inău, Republic of Moldova
Cristina-Gabriela Cosmulese: Ștefan cel Mare University of Suceava, 720229, Romania

European Journal of Accounting, Finance & Business, 2023, vol. 11, issue 3, 16-21

Abstract: This article uncovers the significance and role of accounting policies in the operations of entities and their impact on financial performance. The motivation that led the authors to explore this topic is the permanent importance and relevance of selecting appropriate and consistent accounting policies. Through the course of this article, we have found that each principle, rule, and requirement adopted by the entity from the alternatives provided in the accounting standards has implications for the accuracy of information concerning the organization's assets. These choices can influence the level of the results, the components of the financial statements, and consequently, the value of various economic and financial indicators. The authors primarily followed the descriptive method with the application of analytical and deductive elements. As a result of this analysis, we highlighted the importance, timeliness, regulatory requirements, and significance of these policies in the preparation of financial statements and the evaluation of performance.

Date: 2023
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