The major provisions of this Order refer to:
- Additional obligations of permanent establishments relating to the preparation of annual financial statements;
- Specification on when income and expenditure should be recognised in the Profit and Loss Account;
- Composition of the acquisition cost of short-term and long-term securities that have not been traded on a regulated market;
- Further specification on tangible assets and the manner in which expenses related to tangible assets should be recorded;
- Further specification on the recognition of the receivables taken over through assignment;
- The manner in which profit tax and other taxes for which prepayments may be made should be recorded in account books;
- Additional formalities for the registration of State subsidies in account books;
- Accounting regulation of customer loyalty programmes in the case of entities obtaining revenues from the sale of products and goods, as well as from the provisions of services;
- Introduction of a new account in the Chart of Accounts, i.e. account 809 – Receivables taken over through assignment.
The Order shall come into full force and effect on 1 January 2014.
