CONCEPTUAL CONVERGENCE OF ROMANIAN ACCOUNTING WITH INTERNATIONAL ACCOUNTING STANDARDS FOR THE PUBLIC SECTOR IN THE FIELD OF TANGIBLE ASSETS/FIXED ASSETS

The present paper analyzes, in conceptual terms, the extent to which the IPSAS 17 public sector accounting standard has been implemented in the national law. The definition of concepts and their implementation in national legislation is of particular importance in the desire of international regulatory bodies to create a common language at international level and for public institutions, not only for private ones. We therefore believe that this approach must be based on a rigorous analysis of the concepts used. Without being exhaustive, the paper analyzes the specific terminology of tangible assets / fixed assets only, from the perspective of the international and national accounting referential, incident to the present theme.