PRACTICAL APPROACHES TO THE APLLICATION OF IPSAS 23 REVENUE FROM NON-EXCHANGE TRANSACTIONS (TAXES AND TRANSFERS) IN LOCAL PUBLIC ADMINISTRATION FROM ROMANIA

Ciurea Maria
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Ciurea Maria: UNIVERSITY OF PETROSANI, ROMANIA

Annals - Economy Series, 2026, vol. 2, 106-118

Abstract: The paper analyzes the process of implementing IPSAS 23 “Revenue from Non-Exchange Transactions” in the Romanian public sector, focusing on the city halls in the Jiu Valley region. The research aims to identify the institutional and professional barriers that prevent the alignment of local accounting practices with international standards, in a context marked by dependence on local taxes and transfers from the state budget. The study adopts a mixed research methodology. The quantitative component is based on the application of questionnaires addressed to personnel in financial departments, to assess the perception of technical difficulties. The qualitative component was carried out through semi-structured interviews with specialists and credit officers, providing an in-depth perspective on decision-making processes and operational barriers in the application of the requirements for the recognition and measurement of non-exchange revenues. The collected data highlights a discrepancy between the theoretical normative framework and the practical reality, sometimes caused by the rigidity of the IT system, the deficit of professional training and the complexity of national budgetary rules. The interviews confirm that a subjective interpretation of the revenue recognition criteria could affect the comparability of financial data. The research underlines the need for specific methodological guidelines and coherent digitalization to ensure real convergence to IPSAS 23. The paper contributes to the specialized literature by offering an applied diagnosis on financial autonomy and transparent reporting in administrative-territorial units, offering concrete recommendations for decision-makers in local government.

Keywords: IPSAS 23; taxes; transfers; implementation; financial reporting; city halls (search for similar items in EconPapers)
Date: 2026
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