"Dissemination Of Financial Information Into The Publicsector - An Approach From The View Of The Central Public Administration Entities From Romania "

Abstract

The dissemination of financial information into the sector ensures and develops thetransparency and trust of the community into the state entities. In this context, the undertakenqualitative research has as objective to identify the extent to which the entities belonging to thesector of central public administration from Romania disseminate financial information in order toshape a trend of financial transparency. The research results have shown that disseminationthrough the agency of the official sites of financial information on the basis of complete financialreports is limited. This limitation is shown also in the direction of disseminating financialinformation on the basis of the individual components of the financial reports. Most of the entitiesfrom the central public administration disseminate on the official sites information regarding thebudget of revenues and expenses, net monthly wages and activity reports and only two entities donot offer financial information. In temporal terms, the timely extent of the financial informationdisseminated is relative, it prevails the dissemination of retrospective financial information, whilethe prospective information is reduced. This survey was foregone by the identification ofapproaches in respect of the dissemination of financial information into the public sector both fromthe view of the academic environment, and the professional one, at national and international level.In this respect, the research has shown that adopting the International Public Sector AccountingStandards (IPSAS) into the process of financial reporting ensures and promotes transparency,completeness, credibility, relevance and comparability of financial information into the publicsector entities.