 Considerations on the Need to Implement International Accounting Standards for the Public Sector in RomaniaMaria Ciurea ()
Annals of the University of Petrosani, Economics, 2018, vol. 18, issue 1, 35-44 Abstract: The current context of the globalization of the economy, the development of the capital markets and the accession of Romania to the European Union, imposed a series of measures regarding the introduction of accrual accounting in order to fulfil the assumed commitments. Therefore, Romania’s primary purpose in developing the public accounting system was to harmonize it with national legislation, European directives and International Accounting Standards for the Public Sector. From the analysis carried out on the reform initiated in the Romanian public accounting system, it transpired that the national legislation was substantially improved by introducing specific elements for the accrual accounting. Regarding these aspects, the objective of this paper is to undertake an analysis of the implementation of the International Public Sector Accounting Standards by identifying those standards that can be easily applied and adapted to the specifics of the public system in Romania, given that the regulatory bodies recommended their application rather than their obligation. Keywords: International Public Sector Accounting Standards (IPSAS); accounting harmonization; implementation; public institutions; regulatory bodies (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pet:annals:v:18:y:2018:i:1:p:35-44 Access Statistics for this article More articles in Annals of the University of Petrosani, Economics from University of Petrosani, Romania |
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