Analytical Accounting and Accounting Information Regarding Operations Financed from Non-Reimbursable External Funds in Romania

One of the many criteria for recognizing eligible expenditures in European funding refers to their registration into analytical accounts. This obligation is introduced for beneficiaries of the EC Regulations 2018/1046, 2021/1060, and financing contracts as well, being obviously justified by the need of relevant and specific accounting information. Neglecting analytical accounting of financed operations may create, through the lack of essential accounting information, difficulties in operation’s financial management, in its reporting (internal and external), and eventually may affect the donor’s conclusions on eligibility of sums. As long as the obligation of organizing operation analytical accounting stands primarily for beneficiaries, they are to be kept responsible, regardless of whether the managing authority obligations on providing technical assistance are accomplished. This article is meant to present a model regarding analytic registration rules for non-reimbursable financed operations in Romania, according to the financial referential of Order No. 1,802/2014, and the generally accepted accounting principles, including the presentation of relevant accounting information. The described model presents a core of good practices that may be used by interested accountants of non-reimbursable financed operations in Romania. Obviously, the expectations on specific accounting information may conduct to some particularizations of the model, if this may be considered necessary by the stakeholders.