ACCOUNTING REPORTS AND BUDGET PROCESS IN THE ROMANIAN PUBLIC SECTOR BETWEEN CONVERGENCE AND CHALLENGE

Elena Hlaciuc (), Marian Socoliuc (), Geanina Maciuca () and Antonela Ursachi ()
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Elena Hlaciuc: “ªtefan cel Mare” University of Suceava, Romania
Marian Socoliuc: “ªtefan cel Mare” University of Suceava, Romania
Geanina Maciuca: “ªtefan cel Mare” University of Suceava, Romania
Antonela Ursachi: “ªtefan cel Mare” University of Suceava, Romania

The USV Annals of Economics and Public Administration, 2015, vol. 15, issue 1(21), 224-229

Abstract: Starting with the 1st of January 2014, the Romanian public sector has undergone a long transformation process: the change in the order of the organization and management of public institutions accounting, the chart of accounts and the instructions for its implementation, the implementation of an electronic reporting system for financial statements, the automatic verification within the system of whether the payments are within the budget or not, providing information on revenue achievement and payments made. Other measures are to be implemented such as the electronic signing by the credit release authorities of the revenue and expense budget. Even if these measures were for testing purposes in 2014, they influenced the work of the public sector professional accountant, on the one hand, and the public sector as a whole, on the other hand. In the present paper, we will present the effects of these changes on the budget transparency and especially on budgetary efficiency and the accounting reports.

Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:scm:usvaep:v:15:y:2015:i:1(21):p:224-229

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