Current Issues Regarding the Recording in Accounting of the Financial Instruments for Financing the Activity of the Entities

• Main Author: Traian Cristin Nicolae
• Format: Article
• Language: English
• Published: Ovidius University Press 2021-01-01
• Series: Ovidius University Annals: Economic Sciences Series
• Subjects: financial instruments; accounting; trends
• Online Access: https://stec.univ-ovidius.ro/html/anale/RO/2021/Section%205/16.pdf

The use of financial instruments is a relatively small phenomenon in the context of the current Romanian economy. However, we can see an increase in the use of financial instruments to finance the current and future activities of entities in the national economy. The problems raised by a relatively difficult access of economic entities to financing resources - bank lending, in the set of restrictions generated by the epidemiological context, are a stimulating factor for increasing the use of financial instruments. In this paper, in a simplified manner, we try to highlight some problems that have arisen in the context of the implementation of financial instruments in the accounting of Romanian entities. The applicability of financial instruments to the needs of companies is a segment in which the legislature must intervene with appropriate regulations, necessary for efficient operation. Providing technical support, software applications is an underdeveloped segment today.