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Moments In The Modernisation Of Public Accounting In Romania. A Case Study Regarding The Revaluation And Armonization Of Fixed Assets


  • Geanina MÃCIUCA

    () (Stefan cel Mare University of Suceava, Romania)

  • Mihai SEUCEA

    () (Babes Bolyai University, Romania)


The introduction of accrual accounting in the public sector is a recent phenomenon and a worldwide subject of debate. In this article, we presented the steps taken by Romania in adopting accrual accounting, first as a candidate country for European Union accession and later as a member state. Furthermore, we studied how the transition to accrual accounting led to a better management of the assets of public institution while choosing, as a case study, the revaluation and amortization of fixed assets. The scientific approach of this research paper consists of two parts: in the first part, we presented a gradual historical evolution of public accounting, combined with Romania’s efforts in adopting accrual accounting. In the second part, we showed, in the form of a case study, the advantages of introducing amortization and revaluation of fixed assets as a first step in the strengthening of accrual accounting.

Suggested Citation

  • Geanina MÃCIUCA & Mihai SEUCEA, 2013. "Moments In The Modernisation Of Public Accounting In Romania. A Case Study Regarding The Revaluation And Armonization Of Fixed Assets," European Journal of Accounting, Finance & Business, "Stefan cel Mare" University of Suceava, Romania - Faculty of Economics and Public Administration, West University of Timisoara, Romania - Faculty of Economics and Business Administration, vol. 1(1), pages 151-162, June.
  • Handle: RePEc:scm:ejafbu:v:1:y:2013:i:1:p:151-162

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