Some Considerations Regarding the Financial-Accounting Analysis Based on the Balance Sheet at the Level of the Local Public Administration

Abstract

Identified by excellence with the main document presenting the financial position of an accounting entity, the balance sheet has traditionally been considered in the accounting as a synthesis calculation for the realization of the knowledge of the state of the patrimony and of the accounting-financial analysis, although in time, necessarily it had to be filled in with other situations reflecting the economic or financial flows that the entity generated during the exercise. It presents asset and liability assets at the close of the financial year, structured by nature, destination and liquidity, respectively by nature, provenance and exigibility; as such, the passive elements will highlight the funds (sources of funding) that the entity benefits from and the assets to be used for these resources. However, the ways of presenting the uses and resources available to it at a given time differ at the level of the balance sheet, depending on the purpose pursued in the user analysis.