BALANCE CASH-FLOW MODELS FOR PUBLIC INSTITUTIONS -
                    CLIENTS AND SUPPLIERS

                 Gabi Georgiana Dragu, „1 Decembrie 1918” University of Alba Iulia
                    Alina Puţan, „1 Decembrie 1918” University of Alba Iulia
                            Aitai Marian, University Valahia Targoviste


ABSTRACT: According to position document no.11 “Economic and Monetary Union”, Romania
has committed to report after the European System of Accounts ESA 95. The classification of public
institutions is necessary to circumscibe the Public Administrations’area (S.13), its division into
subsectors and also to define the modalities of their financial statements’ aggregation. The
exploratory study and empirical observation were employed for this research. The exploratory
study was used to enframe the issue into the general context. The data was collected by means of
empirical experiment. The research aimed at assessing the practical utility of the model proposed in
contributing to enhance correctness, premptitude and quality in delivering accounting information
to its users.

Key words: European System of Accounts ESA 95, subsector, receivables, financial statements,

JEL codes: M41