Abstract
In recent decades, governments and public institutions around the world have recognized the need to improve transparency and accountability in the management of public resources. The International Public Sector Accounting Standards (IPSAS) were developed to provide a common framework for financial reporting, maintaining consistency and comparability among public entities globally. In this context, the implementation of IPSAS 23, which focuses on the recognition and reporting of revenues from non-exchange transactions, such as taxes and transfers, is particularly relevant for the Romanian public system. This standard defines clear criteria for the recognition and measurement of revenues from taxes and transfers, thus contributing to more accurate financial reporting and improved financial management in the public sector. In a constantly changing economic environment and in a context where public resources are limited, the adoption and effective implementation of this standard represents an essential step for Romania in aligning with international good practices. The paper analyzes the theoretical framework of the standard according to international and national regulations, evaluating the process of implementation, recognition and reporting of revenues within local public administration. The review of the specialized literature theoretically substantiates the research and facilitates the assessment of the current state of affairs regarding the recognition of revenues from non-exchange transactions, constituting the analytical benchmark for formulating conclusions.
Cuvinte cheie
IPSAS 23
taxes
transfers
financial reporting
local public administration
Istoric articol
Publicat
01.02.2026
Informații autori
Citare recomandată
Maria Ciurea (2026). Implementation of IPSAS 23 “Revenue from Non-Exchange Transactions (Taxes and Transfers)” in Romania: Theoretical Approach for Local Public Administration. Journal of Economic Sciences, 1(1), 75–82. https://doi.org/10.65631/jes.1.2026.6
Referințe bibliografice
[1] Beșteliu E.N. (2021), Study on the possibilities of extending the application of
International Standards for the Public Sector Accounting (IPSAS) în public accounting in Romania
and in the Ministry of National Defence, Bulletin of of "Carol I" National Defence University,
10(3), pp. 68-83, https://doi.org/10.53477/2284-9378-21-25.
[2] Cenar I., Cioban E. (2022), Implementation of Internațional Public Sector Accounting
Standards (IPSAS): Variables and challenges, advantages and disadvantages, Annals of the
University of Petroşani, Economics, 22(1), pp. 55-64
[3] Ciurea M. (2018), Considerations on the need to implement International Accounting
Standards for the Public Sector in Romania, Annals of the University of Petrosani, Economics, 18
(1), 35-44.
[4] Ciurea M., Rakos I. S. (2022), Implementation of Financial Reporting in the Romanian
Public System According to International Accounting Standards (IPSAS): Theoretical-
Methodological Approaches. In Perspectives of Management Accounting for Sustainable Business
Practices, (pp. 92-114), IGI Global Scientific Publishing.
[5] Crisan R.A., Nistor S.C., Tiron-Tudor A., Oprisor T. (2016), Ipsas Implementation
and Perspectives for Epsas Implementation at the European Union Local Government Levels,
Journal Studia Universitatis Babes-Bolyai Negotia, LXI (1), pp.63-87.
[6] Dura C., Ghicăjanu M. (2025), Overcoming barriers to SME internationalization and
globalization. Insights from a systematic literature review, Annals of the „Constantin Brâncuşi”
University of Târgu Jiu, Economy Series, 5(1), pp. 164-175.
[7] Hlaciuc E., Olaru (Colbea) E.A., Cosmulese G.C. (2024), The Impact Of Adopting
International Public Sector Accounting Standards On The Quality Of Financial Reporting In
Romania, European Journal of Accounting, Finance & Business, 12(2), pp. 36-43.
[8] Kelechi E., Chibunna O. O. (2025), Impact of International Public Sector Accounting
Standards on Enhancement of Accountability in Nigeria Public Sector, International Journal of
Research and Innovation in Social Science , 9(04), pp. 1002-1017,
https://dx.doi.org/10.47772/IJRISS.2025.90400077." class="jes-ref-doi-link" target="_blank" rel="noopener">https://doi.org/https://dx.doi.org/10.47772/IJRISS.2025.90400077.
[9] Măcriș M. (2015), Contabilitatea instituțiilor publice, Ediția a II- a revizuită și adăugită,
Editura Universitas, Petrosani.
[10] Măcriş M. (2009). Contabilitatea instituţiilor publice, Editura Universitas, Petrosani
[11] Niță D., (2025), Entrepreneureship among young people: A bibliometric perspective
analysis, Annals of the „Constantin Brâncuşi” University of Târgu Jiu, Economy Series, 5(1), pp.
305-317.
[12] Niță D. (2014), Influences of the Development of Tourism upon the Local Economy of
the Jiu Valley, Annals of the University of Petrosani, Economics, 14(2), 163-170.
[13] Niță D., Drigă, I. (2008), The integration of Jiu Valley's economy on regional and
national level, Annals of the University of Petrosani, Economics, 8(2), pp.31-40.
[14] Olaru (Colbea) E.A. (2023), Efectele adoptării IPSAS în instituțiile publice din
România asupra calității raportărilor financiare, CECCAR Business Review, 4, pp. 17-27, 2023
[15] Popa-Paliu L. (2016), Legislative, accounting and fiscal non-conformities, Annals of
the „Constantin Brâncuşi” University of Târgu Jiu, Economy Series, Special Issue (2), pp.38-40.
[16] Paliu-Popa L., Cosneanu L. (2021), Accounting methodology specific to operational
leasing for lessee from a national and international perspective, Annals of the „Constantin
Brâncuşi” University of Târgu Jiu, Economy Series, 2, pp 42-48.
[17] Popa-Paliu L., Bușan G., Ecobici N., Chirtoc I.E. (2025), Transforming accounting in
the digital age: The impact of information technologies on processes and professional skills,
Annals of the „Constantin Brâncuşi” University of Târgu Jiu, Economy Series, 5(1), pp 15-21.
[18] Popa-Paliu L., Bușan G., Ecobici N., Chirtoc I.E. (2025), The digital transforming of
accounting in Romania in the context of European regulatory convergence, Annals of the
„Constantin Brâncuşi” University of Târgu Jiu, Economy Series, 5(2), pp 65-72.
[19] Scannell S., Tawiah V. (2024), Thematic Literature Review on International Public
Sector Accounting Standards (IPSAS), Public Organiz. Rev. 24, pp. 1053-1075
[20] Slama B.F. (2024), International Public Sector Accounting Standards and economic
growth: An international study of IPSAS adoption and experience, Journal of Accounting and
Management Information Systems, 23(3), pp. 483-506.
Management Information Systems, 23(3), pp. 483-506.
[21] Tawiah V. (2023), The Effect of IPSAS Adoption on Governance Quality: Evidence from
Developing and Developed Countries. Public Organiz Rev 23, pp.305-324,
[22] Ordinul Ministrului Finanţelor Publice nr. 2021/2013 pentru modificarea şi completarea
Normelor metodologice privind organizarea şi conducerea contabilităţii instituţiilor publice, Planul
de conturi pentru instituţiile publice şi instrucţiunile de aplicare a acestuia, aprobate prin Ordinul
ministrului finanţelor publice nr. 1.917/2005, publicat în Monitorul Oficial nr. 831/24.12.2013.
[23] IFAC (2024), https://ifacweb.blob.core.windows.net/publicfiles/2024-12/A32-IPSAS-
23.pdf.