Considerations About the Application of Accrual Accounting on the Public Sector in Romania

Abstract

The scientific approach pinpointed in this paper aims at outlining the serious changes that have occurred in Romania regarding the accounting system operating in the Public Sector. These evolutions have been triggered by the demand to adjust the whole entire system to the latest circumstances dominating the socio-economic, political and legal landscapes. I have undertaken a normative research steered at the investigation of the implementation process of the “International Public Sector Accounting Standards” (IPSAS) on Romanian grounds (which was underlined by the recent evolutions occurring in accounting laws and regulations).

Keywords

• accrual accounting
• “international public sector accounting standards”
• accounting reform
• principles
• accounting profession