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Financial Implications On The Budgets Of Administrative-Territorial Units In The Context Of Default On Accrual Accounting Requirements





Following the audit/control missions, there were registered inaccurate situations which concern the correct registration of financial and exceptional operation revenues and expenditures, based on documents attesting their way and content. Thus, in the relation between the local budget of the administrative-territorial unit and two trading companies of local interest, with regard to the granting of subventions to the two companies, there were identified certain value discrepancies between the amounts approved by the local budget, in less and those provided in the budgets of the entities under discussion. The discrepancies of the budgets mentioned above had direct consequences on the reality of financial statements of the respective partners, on their budgets and on the fiscal regimes of the local subordination entities.

Suggested Citation

  • Ionel Stefan & Florin-Cornel Popovici & Florin Popovici, 2012. "Financial Implications On The Budgets Of Administrative-Territorial Units In The Context Of Default On Accrual Accounting Requirements," Anale. Seria Stiinte Economice. Timisoara, Faculty of Economics, Tibiscus University in Timisoara, vol. 0, pages 527-532, November.
  • Handle: RePEc:tdt:annals:v:xviii/supplement:y:2012:p:527-532

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    References listed on IDEAS

    1. Pindyck, Robert S, 1988. "Irreversible Investment, Capacity Choice, and the Value of the Firm," American Economic Review, American Economic Association, vol. 78(5), pages 969-985, December.
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    More about this item


    accrual accounting; arrears; Public Debt; accounts payables; VAT;

    JEL classification:

    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation


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