Presentation of Financial Statements According to IPSAS - a Challenge for Professional Accountants

Author:Carmen Cretu, Carmen Sirbu, Victoria Gheonea, Nicoleta Constandache
Pages:494-507
 
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European Integration -
Realities
494
Presentation of
-
a Chal
Carmen Crețu
1
, Car
1
Danubius University of G
2
Danubius University of G
3
Danubius University of
4
Danubius University of Galat
Abstract: The
accounting reform. Problems ar
multiple and n ot
easy to p rove th
the countries' agreement to acce
complex process of aggregating
the financial statements differ by
and business profile. The finan
lengthy, and the information it
professional accountant is the on
they base their decisions on
the a
Keywords: normalization;
stan
accounting
1. Introduction
Transparency in public sector rep
economic crisis, both in the finan
presentation of various commitm
these statements taken from the
fundamental mission to generate
institution is more interesting an
subs
tantiate the request for funds;
and scientific support for dime
collateral resources; if it knows h
-
and all in a context in which eff
The accuracy, which must be sci
in internation
al accounting to suc
es and Perspectives
of Financial Statements According to I
allenge for Professional Accountants
armen Sîrbu
2
, Victoria Gheonea
3
, Nicoleta Constan
f Galati, Faculty of Economics,
carmencretu@univ
of Galati, Faculty of Economics
,
carmensirbu@uiv
of Galati, Faculty of Economics
,
victoriagheonea@
lati, Faculty of Economics
, constandach
e.nicoleta@
ublic Sector Accounting Standards (IPSAS) is an important ste
arising in th e context of adopting a common language thr
e their usefulness, advantages and disadvantages o f using them
ccept and adopt these regulations. The preparation of financi
ng data to form economic and
financial indicators. Content a
by type of institution, accordin g to their kinds, depending on h
ancial statements of public institutions are particularly bro
it provides can often be interpreted only by the professional
only one capable of ensuring providing appropriate informa
e allocation of funds.
standardization
;
International Public Sector Accounting S
reporting is crucial in presenting the implications of
nancial statements and the notes. The accrual accou
itments, it is essential to ensure transparency. „P
he IAS framework ref
ers only to private enterpri
te revenue, and, hence, economic benefits, but it's n
and become more attractive if it knows how to
ds; if it dared to request and obtain financing progr
mensioning and collecting its revenue from taxe
s how to manage cost
s, properly balancing between
efficiency and perspective are not omitted
(Drăgan,
scientifically dissected such a generous topic, has i
such a task (Bogdan, 2004). Accounting literature a
2011
o IPSAS
tandache
4
niv
-danubius.ro
iv
-danubius.ro
a@yahoo.com
a@univ
-danubius.ro
step in public sector
through IPSAS are
hem, so aim will be
ncial statements is a
t and preparation of
n how their funding
broad,
complex and
nal accountant. The
mation to users that
Standards
; public
of the measures on
the
counting, including the
„People” believes that
prises, since they have
's not like that. A public
to base the budget, to
grams; if it offers legal
xes, related activities,
en needs and resources
n, 2008)
.
s invited many experts
re abounds with similar

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