Public Procurement of Tangible Fixed Assets. Legal Provisions and Accounting Treatments

Aurelia Ștefănescu, Ileana Cosmina Pitulice and Adriana Florina Popa
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Aurelia Ștefănescu: Bucharest University of Economic Studies
Ileana Cosmina Pitulice: Bucharest University of Economic Studies
Adriana Florina Popa: Bucharest University of Economic Studies

CECCAR Business Review, 2022, vol. 3, issue 9, 15-23

Abstract: The approach for the public procurement of tangible fixed assets takes into account their importance, complexity and sensitivity for the public sector. Considering the economic turbulence generated by the COVID-19 pandemic and the reduction of public financial resources, the issue regarding the acquisition of tangible fixed assets in the public sector takes on new dimensions, as follows: the way in which public financial resources are used for the identified social needs of the community and the application of appropriate accounting policies, with an impact on the information disclosed in the financial statements. In this respect, the public procurement of tangible fixed assets was presented in a two-dimensional and integrated manner, that is from the viewpoint of the conceptual coordinates specific to the public procurement of tangible fixed assets, as well as of the applicable accounting policies.

Keywords: public sector; public procurement; tangible fixed assets; accounting (search for similar items in EconPapers)
JEL-codes: H83 M41 M48 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:ahd:journl:v:3:y:2022:i:9:p:15-23

DOI: 10.37945/cbr.2022.09.02

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