CONCEPTUAL APPROACHES CONCERNING GOVERNMENT GRANDS (ROMANIA CASE STUDY)

Abstract

This paper is a study of government grants, highlighting the theoretical and practical aspects related to International Accounting Standard IAS 20 - Accounting for Government Grants and Disclosure of Government Assistance. We aimed to deepen and develop the essential elements of the standard, such as: definitions, scope, fundamental approach, classification and reimbursement arrangements also government grants, conducting practical studies.To provide more complex informations, we referred to the law, according to accounting regulations EU directives approved by the OMPF 3055/2009, because government grants must be applied legally, providing a clear and accurate image of cash received by the entity as assistance government.

The methodology adopted followed the general theoretical and especially practical issues concerning funding through grants ...