THE ECONOMIC AND ACCOUNTING APPROACH TO SERVICES

Taking into account the current conditions of the national economic development, the economic sector of provided services represents a real/actual concern, both from the economic and accounting point of view. This sector and the accounting item-service are determined by a rare occurrence in researching by accounting professionals. This paper analyzes the economic and accounting approach regarding the services in order to be able to identify the actual problems and to present some solutions for improving the regulatory accounting framework. The issues of increased concern are: inadequate legislative regulation of the service sector and the need for amending legislation regarding the synthetic and analytical accounting records. The study covers the following issues: definition of services as accounting element approach and the working methodology for calculating the cost of services offered to individuals and companies, the definition of the services price, analysis of new accounting regulations for services according to international provisions. Information, as subject of investigation using the analysis, synthesis, grouping data, the conceptual comparison methods, provides a valuable presentation of services sector under the accounting approach.