Accounting Analysis of Eligible Expenditure in Non-Refundable Funded Projects: Case Study Aquatim SA and the Sustainable Development Program 2021–2027

Meda Laura Moșiu and Georgiana-Iulia LAZEA (trifa)
Additional contact information
Meda Laura Moșiu: West University of Timișoara, Romania
Georgiana-Iulia LAZEA (trifa): West University of Timișoara, Romania

CECCAR Business Review, 2025, vol. 6, issue 7, 19-35

Abstract: This article analyses the accounting particularities of the implementation of projects financed through non-refundable European funds in the public utility services sector, with a focus on the case study of Aquatim SA, a regional water and sewage operator. The research addresses the accounting treatment of grants in accordance with the applicable regulations (Order of the Minister of Public Finance No. 1802/2014 and IAS 20 Accounting for Government Grants and Disclosure of Government Assistance). At the same time, the study examines the process of identifying, recording, and monitoring of eligible expenditure within projects carried out under the Sustainable Development Program (SDP) 2021–2027, emphasizing the importance of financial reporting systems, internal control, and alignment with both European and national legislation. The conclusions indicate that the accounting treatment of European funds requires strong administrative capacity and precise coordination between the technical, financial, and legal dimensions of projects. Proposals for future research target comparative analyses among regional operators, budget planning, and cash flows generated by funded investments and the modelling of financial risks in phased projects.

Keywords: non-refundable European funds; cohesion policy; accounting treatment; grants; expenditure eligibility (search for similar items in EconPapers)
JEL-codes: H27 H54 H83 M41 M48 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.ceccarbusinessreview.ro/accounting-ana ... -a489d/download-PDF/ (application/pdf)
https://www.ceccarbusinessreview.ro/accounting-ana ... 2027-a489a/abstract/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ahd:journl:v:6:y:2025:i:7:p:19-35

DOI: 10.37945/cbr.2025.07.03

Access Statistics for this article

CECCAR Business Review is currently edited by Robert-Aurelian ȘOVA

More articles in CECCAR Business Review from Body of Expert and Licensed Accountants of Romania (CECCAR)
Bibliographic data for series maintained by Radu CIOBANU ().