The Accounting Legislation Division performs the following main functions:
1. Preparation of draft statutory instruments on the organization, methods and methodology, and accounting of real sector enterprises;
2. Elaboration of instructions, opinions and answers to written inquiries about the practical implementation of accounting legislation;
3. Participation in the process of transposition of the acquis in the national legislation in the field of accounting of real sector enterprises;
4. Participation in the drafting of opinions and draft positions in the field of accounting legislation for the ECOFIN Council meetings;
5. Drafting of opinions and draft positions in the field of accounting for the meetings of the committees and working groups to the Council of the EU and to the European Commission;
6. Preparation of draft positions and proposals for amendments to national tax legislation under any infringement procedures launched by the European Commission;
7. Making of notifications of the national provisions adopted to transpose the Community accounting acquis and the subsequent amendments thereof in the EC national implementing measures notification system;
8. Preliminary methodical reconciliation within the Directorate and delivering of opinions on legislative initiatives and draft statutory acts containing proposals for tax concessions in the form of state aid and/or de minimis aid.