ORDER OF THE MINISTRY OF FINANCE OF THE REPUBLIC OF MOLDOVA

of January 27, 2005 No. 9

About approval and enforcement of the National accounting standard 26 "Accounting of pension plans"

In pursuance of provisions of the Order of the Government No. 710 of September 3, 1994 "About the state program of transition of the Republic of Moldova to the international system of financial accounting and statistics" and based on the Law on the financial accounting N 426-XIII of April 4, 1995 I ORDER:

1. Approve the National accounting standard 26 "Accounting of pension plans".

2. Enact in the territory of the Republic of Moldova the National accounting standard 26 "Accounting of pension plans" for the financial statements relating to the periods since January 1, 2006.

National accounting standard 26 "Accounting of pension plans"

Introduction

1. This standard "Accounting and the reporting under pension plans", accepted by Committee on MSBU in 1986 and reviewed in 1994 is developed on the basis of the International accounting standard 26.

Purpose

2. The purpose of this standard is disclosure of method of accounting and creation of the reporting on information on pension plans (funds) and their reflections in the financial reporting.

Coverage

3. This standard extends on the legal entities and physical person registered in the Republic of Moldova and also to their branches, representations and other structural divisions located both in the territory of the Republic of Moldova and beyond its limits.

4. This standard is applied to reports:

a) pension plans with the established fees;

b) defined benefit plans;

c) pension plans or funds of pension plans (if those were based) in case of creation of this reporting;

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