ACCRUAL ACCOUNTING ADOPTION IN THE ROMANIAN PUBLIC SECTOR

In Romania the development of public sector accounting was initiated in 2002, and enlarged for all public sector entities in 2005, but the transition is a static process although there are many issues that should be changed. Based on Hepworth’s (2003) preconditions of success in adoption accrual accounting for public sector, this paper aims to analyse through a qualitative research whether accruals implementation in Romanian public sector was fulfilling its purposes or not. Financial information disclosed through public sector entities’ financial statements make the connection between citizens and state over the last one’s capacity to respond to community’s goals

EMPIRICAL RESEARCH ON THE INTERNAL AUDIT. PERSPECTIVE OF THE PROFESSIONALS WITHIN THE ROMANIAN BANKING SYSTEM

This research takes into consideration the existence of the principal-agent type relationships withn the banking system, as well as the portfolio of risks related to it. Therefore, the internal audit intercedes between the stakeholders on the management of the credit entities becoming a component of the corporate governance mechanism. In this respect the internal audit must assure the stakeholders of the achievement of the credit instituion's objectives, the effectiveness of the internal control system, the risk and corporate governance management. Two directions are approached within this research. The first research direction considers the review of the professional literature at national and internationals levels. The second one has as research objectives the analysis of the opinion of the professionals working into a credit entity in Romania in terms on internal audit. By this endeavor, the curent research identifies the real aspect regarding the internal audit at banking system level. objectives 

COMPLIANCE VS NON-COMPLIANCE WITH THE CORPORATE GOVERNANCE CODE OF BUCHAREST STOCK EXCHANGE

Research approach looks at the role of corporate governance in companies and finnacial markets rhat is of creating a framework of relationsips managers, shareholders and other stakeholders, based on accountability, transparency and reliability. The research is two-dimensional. The first dimension of research is the review of existing literature ideas on corporate governance and of national and international regulariations in the field. A second dimension of research aims to identify the level of compliance of Romanian companies listed on the Bucharest Stock Exchange to the Corporate Governance Code

GOVERNMENT ACCOUNTING EDUCATION FOR UNIVERSITY UNDERGRADUATES

During the last ten years, inspired by New Public Management (NPM) concepts, significant changes have been brought to the Romanian public sector. These changes concerned organization, functioning mechanism, concepts, management, as well as its financial-accounting system. Under this new approach, the university education system should be constructed so that it can correlate competencies and abilities of future graduates to the dynamics of the public administration sector. The questionnaire-based research conducted in this paper concerns the investigation of future graduates/ accounting professionals’ perception on the following aspects: public administration sector, government accounting discipline and connection between university curricula and the labor market requirements. The empirical research results have evidenced the following issues: (1) the students’ option (choice) for employment in public administration depends on their opinion on this field and the preponderance of certain disciplines in the undergraduate program’s curricula; (2) the undergraduates’ employment status does not influence their opinion on public administration; (3) the difficulty of transactions’ accounting recognition in government accounting requires a greater volume of time in the curricula

The impact of income tax over financial performance of companies listed on the Bucharest Stock Exchange

By its multiple facets, income tax is a subject of great interest both for academic and professional environment, on a microeconomic and macroeconomic level. After analyzing the relevant literature in the field, in order to demonstrate the influence of income tax over a company’s performance, two econometric models were designed, having as dependent variables return on equity and net profit’s margin rate. For applying multiple regressions we used a sample of companies listed on Bucharest Stock Exchange and the analysed indicators were extracted from their annual financial statements. Econometric modelling used for return on equity and net profit’s margin demonstrated that effective tax rate influences in a negative way a company’s financial performance. Limits of research have been evidenced as being methodological, such as the small size of the sample

Accounting Practices Related to the Banking Industry. Network Settlements

The complexity, completeness and particularities of the banking industry influence opposable accounting practices. Approaching accounting practices for settlements within the banking network assumes the identification of the internal component of the activity of the entities operating within this industry. The research approach is two-dimensional. The first dimension considers the conceptual and regulatory aspects specific to network settlements in the banking industry. The second dimension presents accounting practices opposed to settlements within the banking network. We believe that this approach will outline to the concerned parties of the banking industry a picture of the accounting practices specific to the transactions carried out at the individual and intrabank level

International Migration from Public Health Systems. Case of Romania

Approaches concerning international migration from public health systems are a constant challenge because of the multidimensional consequences of it. Globalization, the low degree of economic development in Romania (and consequently the sub-development of health system) comparing to other countries, the opportunities offered by foreign health systems, the dynamic of professional, social and innovative motivations of physicians emphasize the migration phenomenon in Romanian health system. Our research includes an interview-based investigation over the opinion of doctors employed in the public health system on international migration. The interview-based research results revealed many shortcomings in the health system, transformed into as many arguments of the decision on international migration. Also, our research shows that relevant institutions do not hold more than an approximate number of doctors who studied in Romania but are currently practicing in the benefit of patients abroad. In this context, conclusions include the need for a reporting framework over the migration of doctors

Cost Computation for the Agricultural Products within the Vegetal Farms 1

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