The Global Result, a New Dimension in the Performance Measurement of the Public Sector Entities in Romania

Author:Prof. Aurelia ŞTEFĂNESCU, Ph. D., Prof. Eugeniu ŢURLEA, Ph. D., Prof. Daniela Artemisa CALU, Ph. D., Robert ŞERBAN, Ph. D. Student

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Keywords:public sector entity, global result, performance, financial reporting

Abstract:
The economic recession, generated by the world financial crisis with implications upon the acute need of funding and upon the public’s trust regarding the resource usage, requires a new dimension in reporting the performance of the public sector entities from Romania. By this fundamental research, it is structured the issue of measuring the public sector entities’ performance on the basis of the global result. \r\nThis study is based on a synthesis of ideas on this topic published into the professional literature, on the regulations drawn up by national and international accounting regulators, and by accounting professional bodies. \r\nThe current article consists in the development of the global result concept, the analysis in national and international terms of the models of performance on the basis of the global outcome and it proposes a complementary model to answer the real needs of the public sector entities from Romania. \r\n

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