Year: 2026
Type: article
Abstract: The financial position of an entity represents the relationships between the economic resources controlled by the entity and the sources of their financing, and it is presented in the entity’s balance sheet—the primary report within the financial statements that must be prepared and presented by economic entities. In local practice, the financial position can be presented in the balance sheet either in accordance with Law No. 287/2017 on Accounting and Financial Reporting and the National Accounting Standards (NAS), or in accordance with the International Financial Reporting Standards (IFRS). Although the national accounting standards were developed based on international ones, there are certain differences in the presentation of the financial position in the balance sheet, the identification of which constituted the purpose of this research. The methodological framework of the research included qualitative research methods (bibliographic analysis and comparative analysis), professional judgment, and the methods of induction and deduction used in formulating conclusions, as well as the authors’ own reflections.
Source: Akademos
Authors: Valentina Panuş, Valentina Paladi
Institution: Moldova State University
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W7204649806