Accounting of Agricultural Activities and European Funds

• Author: Daniel Petru Varteiu
• Position: '1st of December 1918' University of Alba Iulia
• Pages: 113-117

Law, Society & Organisations

Volume II, Issue 3 (2 / 2017)

113

Daniel Petru VARTEIU

“1st of December 1918” University of Alba Iulia

ACCOUNTING OF AGRICULTURAL

ACTIVITIES AND EUROPEAN FUNDS

K

eywords

Accounting,

Agricultural activities,

European funds,

Projects beneficiaries

Abstract

The economical operations developed by the beneficiaries of European funds projects, are registered in

accounting, based on justifying documents, in accordance with the national and international legislation

in effect. The beneficiaries of European funds projects may be organized starting from the simplest form of

organisation, which takes the form of self – employed person (SEP) till the most complex form of

organisation such as trading companies (T.C.). The Romanian institutions which finance agricultural

activities are Ministry of Agriculture and Rural Development (M.A.R.D) which subordinates Rural

Investment Finance Agency (R.I.F.A) and Payment and Intervention Agency in Agriculture (P.I.A.A).

The Ministry of Agriculture and Rural Development has an authority role, of management (AM) for the

National Rural Development Program (N.R.D.P) and for the Fisheries Operational Program (F.O.P). The

funds obtained from the European Union and from Romanian institutions for the development of

agricultural activities are registered in accounting as grants, in the category of grants afferent to assets or

afferent to incomes.

JEL Classification: M41