RESEARCH ON THE ROMANIAN PUBLIC SECTOR ENTITIES' ACCOUNTING SYSTEM

Public sector represents one of the main branches of the economy because of its importance and particularities: the mechanism of generating, allocating and use of financial resources, the important number of stakeholders, the heterogeneous structure, complexity and heterogeneity of services delivered, asymmetric information, and vulnerability in front of the internal and external economic and politic environment. Thus, accounting system must be developed as to insure a relevant, transparent, pertinent and integrated information flow as well as the interface between public sector entities and stakeholders. The research presented is divided into two components. The first component includes conceptual approaches concerning the accounting system on a national and international level, as well as an analysis of the evolution of the Romanian accounting system for public sector entities. The second component includes a questionnaire-based research which aimed to investigate the opinion of public sector accounting professionals regarding the in force accounting system.