SIMILARITIES AND DIFFERENCES BETWEEN COMPANIES ACCOUNTING AND TERRITORIAL ADMINISTRATIVE UNITS ACCOUNTING Cover Image

SIMILARITIES AND DIFFERENCES BETWEEN COMPANIES ACCOUNTING AND TERRITORIAL ADMINISTRATIVE UNITS ACCOUNTING
SIMILARITIES AND DIFFERENCES BETWEEN COMPANIES ACCOUNTING AND TERRITORIAL ADMINISTRATIVE UNITS ACCOUNTING

Author(s): Cristina Mihaela Nagy, Crăciun Sabău
Subject(s): Accounting - Business Administration
Published by: Editura Eurostampa
Keywords: accounting of companies; territorial administrative units; budgetary accounting; funds; Capitals borrowed;

Summary/Abstract: Similarities between the accounting of companies and territorial administrative units accounting are the following: organizing double entry accounting; accounting method both in terms of fundamental theoretical principles and specific practical tools. The differences between the accounting of companies and of territorial administrative units refer to: the accounting of territorial administrative units includes besides general accounting (financial) also budgetary accounting, and the accounts system of the budgetary accounting is completely different from that of companies; financial statements of territorial administrative units to which leaders are not main authorizing officers are submitted to the hierarchically superior body (not at MPF); the accounts of territorial administrative units are opened at treasury and financial institutions, accounts at commercial banks being prohibited; equity accounts in territorial administrative units are structured into groups of funds; long term debts have a specific structure in territorial administrative units (internal local public debt and external local public debt).

  • Issue Year: XXI/2015
  • Issue No: 21
  • Page Range: 283-289
  • Page Count: 7
  • Language: English
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