THE ACCOUNTING SYSTEM AND BUDGETARY FUNDING OF PUBLIC INSTITUTIONS. CASE STUDY: INSTITUTIONS FINANCED BY THE LOCAL COUNCIL OF GALATI

Riana Iren Radu and Isai Violeta ()
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Isai Violeta: Dunarea de Jos University of Galati, Romania

Risk in Contemporary Economy, 2013, 206-211

Abstract: Full of reforms, accounting science always tried to approach the concerned user requirements as return on capital employed and the complete picture of the operations that occurred during the financial year. For public sector entities, international financial reporting practices are referring to International Accounting Standards for the Public Sector (IPSAS). In this paper we intend to present a parallel between International Financial Reporting Standards (IFRS) and IPSAS conjunction with the main aspects of budgetary lending highlighted through a case study aimed at the budget-funded institutions Galati Local Council in 2011-2013.

Keywords: IPSAS; IFRS; credit; budget; public sector (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fserec:y:2013:p:206-211

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