IMPERATIES OF SYSTEM QUALITATIVE CHARACTERISTICS OF FINANCIAL STATEMENTS: INTERNATIONAL EXPERIENCE AND NATIONAL PRACTICE

Ирина ГОЛОЧАЛОВА Молдавский государственный университет

Abstract

The provision of useful information on market participants and their transactions is essential for an orderly and efficient System of Accounting and Financial Statements. Because the provision of information is essential to promote the stability and efficiency of the economic activity of the entity the quality of information as a high priority. Qualitative characteristics are those attributes that make the information provided in Financial Statements useful to its users. In this context this article systematizes the impact of the system of qualitative characteristics on the financial reporting generation; substantiates the necessity to investigate of evolution of the system of qualitative characteristics; discloses the scheme application for qualitative characteristics according to Conceptual Framework IFRS; compares qualitative characteristics applied both in domestic and international practices; proves imperativeness of the adaptation of qualitative characteristics according to IFRS for Moldavian organizations. Keywords: Imperatives, Methodology of Accounting, Qualitative characteristics, Concept of IFRS, Useful information, System of Accounting, Financial Statements.