IMPLEMENTATION OF IPSAS 23 "REVENUE FROM NON-EXCHANGE TRANSACTIONS (TAXES AND TRANSFERS)" IN ROMANIA: THEORETICAL APPROACH FOR LOCAL PUBLIC ADMINISTRATION

Ciurea Maria
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Ciurea Maria: UNIVERSITY OF PETROSANI, ROMANIA

Annals - Economy Series, 2026, vol. 1, 75-82

Abstract: In recent decades, governments and public institutions around the world have recognized the need to improve transparency and accountability in the management of public resources. The International Public Sector Accounting Standards (IPSAS) were developed to provide a common framework for financial reporting, maintaining consistency and comparability among public entities globally. In this context, the implementation of IPSAS 23, which focuses on the recognition and reporting of revenues from non-exchange transactions, such as taxes and transfers, is particularly relevant for the Romanian public system. This standard defines clear criteria for the recognition and measurement of revenues from taxes and transfers, thus contributing to more accurate financial reporting and improved financial management in the public sector. In a constantly changing economic environment and in a context where public resources are limited, the adoption and effective implementation of this standard represents an essential step for Romania in aligning with international good practices. The paper analyzes the theoretical framework of the standard according to international and national regulations, evaluating the process of implementation, recognition and reporting of revenues within local public administration. The review of the specialized literature theoretically substantiates the research and facilitates the assessment of the current state of affairs regarding the recognition of revenues from non-exchange transactions, constituting the analytical benchmark for formulating conclusions.

Keywords: IPSAS 23; taxes; transfers; financial reporting; local public administration (search for similar items in EconPapers)
Date: 2026
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