THE MECHANISM OF PAYMENT REQUESTS - AN INSTRUMENT FOR FACILITATING THE FINANCING FROM STRUCTURAL FUNDS OF ROMANIAN PUBLIC ACADEMIC EDUCATION INSTITUTIONS

Cristina-Petrina Dragusin
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Cristina-Petrina Dragusin: University of Craiova Faculty of Economics and Business Administration

Annals of University of Craiova - Economic Sciences Series, 2014, vol. 1, issue 42, 269-278

Abstract: Today, when the national academic education system is chronically underfinanced, the universities must identify, more than ever, in addition to their current resources, other funding sources that will contribute at reaching the assumed missions. A significant funding source is represented by the EU funds. Starting with the 4th trimester of 2013, the universities can use the mechanism of settlement for payment requests, as public beneficiaries that implement projects financed from structural funds. The paper focuses on the implementation of the payment requests mechanism by the public universities and presents itself as an applicative study through which we will highlight its methodology and steps, together with the accounting representation of its application, taking as landmark the University of Craiova. We considered mainly aspects related to the interpretation of the applicable referential in connection with its practical application, meaning the accounting valorization of the financing facilitated by the application of the mechanism.

Keywords: payment request; reimbursement request; structural funds; operational programs; own contribution (search for similar items in EconPapers)
JEL-codes: I22 I29 M41 M48 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:1:y:2014:i:42:p:269-278

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