INTERFERENCES AND LIMITS OF THE ACCOUNTING POLICIES
    SPECIFIC TO FIXED TANGIBLE ASSETS INTO THE PUBLIC
               SECTOR ENTITIES IN ROMANIA


                   Eugeniu Ţurlea, Academy of Economic Studies, Bucharest
                  Aurelia Ştefănescu, Academy of Economic Studies, Bucharest
                   Florina Nicolae, Academy of Economic Studies, Bucharest

ABSTRACT: The convergence and compliance process initiated at international level has
influenced also the accounting system of the public sector entities from Romania. Taking into
account the fact that the fixed tangible assets represent an important part of the total assets of
the public sector entities, and therefore, they are indicative in presenting the financial
position, by this essential research we structure the issue of the fixed tangible assets in terms
of the accounting policies applicable into the public sector from Romania. By dual analysis,
that is national regulations versus International Public Sector Accounting Standards, we
identify the interferences and limits of the accounting policies specific to the fixed tangible
assets from the public sector in Romania and we propose alternatives to answer the real
needs of the national public sector entities. This research is based upon a synthesis of the
ideas on this theme published into the professional literature, the regulations issued by the
national and international accounting regulators, by organisms belonging to the accounting
profession.

Key words: public sector entity, fixed tangible assets, accounting policies, International Public Sector
Accounting Standards(IPSAS)

JEL codes:M 41, H 83