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The Anachronism of the Local Public Accountancy Determinate by the Accrual European Model


  • Riana Iren RADU

    () (Dunarea de Jos University of Galati, Romania)

  • Eduard IONESCU

    () (Spiru Haret University of Bucharest, Romania)


Placing the European accrual model upon cash accountancy model, presently used in Romania, at the level of the local communities, makes possible that the anachronism of the model to manifest itself on the discussion’s concentration at the nominalization about the model’s inclusion in everyday public practice. The basis of the accrual model were first defined in the law regarding the commercial societies adopted in Great Britain in 1985, when they determined that all income and taxes referring to the financial year “will be taken into consideration without any boundary to the reception or payment date.”1 The accrual model in accountancy needs the recording of the non-cash effects in transactions or financial events for their appearance periods and not in any generated cash, received or paid. The business development was the basis for “sophistication” of the recordings of the transactions and financial events, being prerequisite for recording the debtors’ or creditors’ sums.

Suggested Citation

  • Riana Iren RADU & Eduard IONESCU, 2009. "The Anachronism of the Local Public Accountancy Determinate by the Accrual European Model," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 1, pages 193-204.
  • Handle: RePEc:ddj:fseeai:y:2009:i:1:p:193-204

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    Cited by:

    1. Mihaela-Cristina Onica, 2013. "Corporate Governance Codes - Examples Of Good Practice," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 172-178.

    More about this item


    accountancy; creditors; transactions; public sector;

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting


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