THE IRREDEEMABLE FUNDS –FINANCIAL-ACCOUNTANTS ASPECTS – CASE STUDY
THE IRREDEEMABLE FUNDS –FINANCIAL-ACCOUNTANTS ASPECTS – CASE STUDY

Summary/Abstract: The financial instruments by means of which the European Union supports the former communist countries during their pre/adhesion process are the non-repayable grants within three programs: PHARE, ISPA and SAPARD. Beside these funds, the European Union also allots financial supporting funds during the post-adhesion, which aim well defined theme areas. The implication of accounting in administration of such project is necessary in any decision process, adequate to specific conditions for these management methods. The accounting objects in financial administration mainly aim: -the substantiation and elaboration process of the project budget, as well the financial foreseeing on a certain period; -the elaboration of the financial report related to justification of the use of non-repayable funds received, etc. Upon our approach, we intended to present in detail the specific aspects which allow the distinct and transparent reflection of the operations in relation to the financial administration implies, as well as the ones regarding the implementation of projects, the survey and report of the results obtained.

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