THE EFFICIENCY OF INTERNATIONAL FINANCIAL REPORTING STANDARDS APPLICATION IN REPUBLIC OF MOLDOVA IN THE CURRENT MARKET ECONOMY CONDITIONS

Svetlana MIHAILA, Nicolai JIERI Academia de Studii Economice a Moldovei

Аннотация

In this article the authors aim to provide information regarding the International Financial Reporting Standards in Republic of Moldova, taking into account the current market economy conditions. The message of this article is to present some situations, by which can be noted the potential advantages on implementing IFRS, looking in terms of necessity. Also, are reported the possible gaps, after applying international standards, that would mean complicity, costs, and consistency of information. Keywords: implementation, IFRS, economic advantage, cost, transnational entity, accounting rationale, relevant information.