Approaches to the Accounting of Tangible Fixed Assets in Public Institutions in Romania and in the Military in the Light of the Requirements of International Public Sector Accounting Standards (IPSAS)

Accounting for tangible fixed assets is a very important part of the accounting of public institutions, because these types of assets have a very large share and come in a variety of forms in public entities of different sizes and profiles, without which they would not could fulfil the missions for which they were created. The issue of accounting for these assets according to national regulations has been proposed to highlight it by comparison with international regulations represented by accounting standards for the public sector. In addition to the significant progress made since 2005 in aligning public accounting in the area of tangible fixed assets with that of the international standard (IPSAS – 17), we have found that there are provisions that have not been implemented for various reasons. Therefore, based on the research of the specialized literature, personal experiences and a survey conducted by us among professional accountants in the army, we have identified some possible solutions to continue the process of implementing this international standard, opinions and solutions that we present at the end of this article.