THE ROLE OF FINANCIAL- ACCOUNTING SYSTEMS OF EUROPEAN PUBLIC UTILITIES SERVICES
THE ROLE OF FINANCIAL- ACCOUNTING SYSTEMS OF EUROPEAN PUBLIC UTILITIES SERVICES

Summary/Abstract: For the efficient management of the public services, their operators, regardless of their organizational form, must have a financial and accounting informational system designed and structured in such a way to meet the informational requirement of the management process. The analysis of this system is carried out in order to highlight the essential features regarding the informational circuit, as well as the role and position occupied in the functional structure of the operators of public utilities services. The research methodology is to observe the specific activities of the operators of public utilities and their influence on the informational system. Here are presented the information provided by the financial-accounting system, as well as their users, focusing on the usefulness of accounting information in the management process and the regulation and monitoring process. The main objective is to highlight the importance of financial-accounting information in the strategy of sustainable development of European public utilities. The results of this analysis, mainly focuses on the role of the financial-accounting information in the management of the operators and in ensuring a strategy regarding a sustainable development of the European public utilities services.

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