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Arguments for introducing accrual based accounting in the public sector


  • Bunea-Bontaş, Cristina Aurora
  • Petre, Mihaela Cosmina


From a long time, accounting for public entities has been on a cash basis, with no change until the '80s when it was considered appropriate that these should move closer to commercial accounting principles practiced in the private sector. Demands for better accountability by governments and by public sector managers are being heard around the world as the public realizes that living on credit is not sustainable for individuals and the same principle applies to governments. The paper highlights the main characteristics of accrual accounting, arguments and counter-arguments on this reform and particular aspects of Public Accountancy reform in Romania through introduction of accounting-based accrual, in order to facilitate better planning, financial management and decision making in government as well as an accepted way of measuring the economy, efficiency and effectiveness of public policies.

Suggested Citation

  • Bunea-Bontaş, Cristina Aurora & Petre, Mihaela Cosmina, 2009. "Arguments for introducing accrual based accounting in the public sector," MPRA Paper 18134, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:18134

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    References listed on IDEAS

    1. Ecobici, Nicolae, 2008. "IPSAS versus National Norms on Public Institutions' Own Capitals," MPRA Paper 11228, University Library of Munich, Germany.
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    Cited by:

    1. Daniela Georgieva, 2016. "The applicable base of the accountancy in the public sector," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 5, pages 108-118.

    More about this item


    public sector; accrual-based accounting; public accountancy reform in Romania;

    JEL classification:

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

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