The Financial-Accounting Directorate has mainly the following areas of competencies:
- participation in drafting the MoD budgetary draft;
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execution of MoD budget;
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organization and coordination of the accounting activity within the Armed Forces;
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execution of extra-budgetary means and special funds;
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execution of the own budget of the main credit chief accountant and the financial-accounting for the central structures established by order of Minister of Defence;
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organization of activities regarding the salaries, other financial rights and rights with social allowances for the central structures staff;
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establishment, register and payment of military pensions and other rights for the retired military personnel;
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elaboration of drafts, laws and regulations on economic, financial-accounting activities, payment of wages, social protection and pensions and the methodology for their unitary use, financial-accounting consulting and specialized endorsement;
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coordination and control of financial-accounting activities within the Armed Forces, preventive financial control for the chief accountant;
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coordination of the training activity of officers in financial service military specialty and improvement of professional education of the personnel serving in the financial-accounting area , examination and approval of the persons assigned as chief book-keepers in the Armed Forces;
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implementation of programmes and information applications on budgetary execution, wages of personnel, book-keeping and military pensions.