Title: A historical perspective of accounting in the public sector in Romania

Authors: Crisan Andrei-Razvan; Campan Nicolae; Campan Marius

Addresses: Faculty of Economics and Business Administration, Babeş-Bolyai University, 58-60 Theodor Mihali Street, Cluj-Napoca, Romania ' Faculty of Economics and Business Administration, Babeş-Bolyai University, 58-60 Theodor Mihali Street, Cluj-Napoca, Romania ' Faculty of Economics and Business Administration, Babeş-Bolyai University, 58-60 Theodor Mihali Street, Cluj-Napoca, Romania

Abstract: The main objective pursued within the research is presenting the accounting in the public sector in Romania from a historical and theoretical perspective. The public sector is vital for society because it provides services to maximise the well-being of the population and the public interest. Given the transition from the centralised economy to the market economy, accounting has undergone significant changes since the fall of the communist regime. To make the transition easier, Romania used as a benchmark the French accounting model, in the same year in which Romania applied to the membership of the European Union. Regarding the main reforms undertaken at the level of public accounting in Romania, the most important of these is considered the transition from cash accounting to accrual accounting. In Romania, the accrual accounting was introduced in 2007, the year in which Romania joined the European Union.

Keywords: accounting; public sector; Romania; evolution; history.

DOI: 10.1504/IJEA.2021.10038408

International Journal of Economics and Accounting, 2021 Vol.10 No.3, pp.299 - 309

Received: 03 Feb 2020
Accepted: 26 May 2020

Published online: 11 Jun 2021 *

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