The accounting scheme: the ordinary accounting scheme management

The ordinary accounting scheme is slightly more articulated compared to the simplified accounting scheme.

The ordinary accounting scheme is:

• mandatory for joint-stock companies and cooperatives;
• optional for individual firms, ordinary partnerships or non-stock corporations;
• in certain cases, compulsory also for ordinary partnerships and nonstock companies;
• more complex in terms of accounting and tax bookkeeping.

For further information on this specific scheme, please refer to the Guide to ordinary accounting scheme management.