INNOVATIVE PERSPECTIVES ON THE ACCOUNTINGOF ROMANIAN PUBLIC INSTITUTIONS OF ACADEMIC EDUCATION

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

Annals of University of Craiova - Economic Sciences Series, 2015, vol. 1, issue 43, 194-201

Abstract: At national level, the subject of public accounting is more relevant than ever, the legislator showing intense concerns for modernizing the specific rules in order to adapt to the requirements of the actual economy, under the significant impact of globalization as an overall phenomenon. Therefore, our paper presents the accounting of Romanian public institutions in full reformist process, starting to take shape the new vision in the field on the background of the community approach of contouring the European Public Sector Accounting Standards (EPSAS) starting from the International Public Sector Accounting Standards (IPSAS). Moreover, the normative "revolution" with impact on public accounting manifested in our country starting with 2014, leads us to anticipate important innovations on financial reporting in public institutions of academic education on the background of the obvious trend of rallying to the community paradigm.

Keywords: public universities; EPSAS; IPSAS; accounting codification; financial reporting (search for similar items in EconPapers)
JEL-codes: H83 M41 M48 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:1:y:2015:i:43:p:194-201

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