ACCOUNTING TREATMENT OF FINANCIAL DEBTS

In a market economy companies require major resources to ensure the continuity of their economic activity, along with funding the development projects, investments etc. The periodical deficiency of their own financial resources involves to the companies a high demand on borrowed funds. Thus, accounting for the financial debts presents an important accounting sector with a controversial evolutionary methodology, which is based on the exact regulation of the processing procedure and delivery of the resulting information to various users, at the same time correlated to the trends of global processes and events. The article examines the evolution of the financial debts recording in the accounting, according to both the international and the local legal norms in Republic of Moldova through comparative analyses; highlighting the changes in the logic of accounting and identifying the advantages and disadvantages of certain accounting procedures. The subjects of the study are the concepts, the financial debt structure, the borrowing costs, and the accounts for the synthetic records of financial liabilities of the accounting cycle.