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European funds as well as non-returnable foreign funding received by local government entities as part of projects, are classified as income of those entities, the accounting of which is similar, and in accord with existing regulations. The aim of this study is to examine some practical resolutions pertaining to financial records used in accounting departments, as well as practical examples of accounting and presenting information on projects co-funded by European resources. [ABSTRACT FROM AUTHOR]

This work analyzes the most recent evolution of the EU's two major policies, the Common Agricultural Policy and Cohesion Policy, as well as the reforms made to adjust these policies to match the goals of the Europe 2020 Strategy. This research focuses on the expense budget of the Financial Framework 2006-2013, and the role it is playing in achieving a more harmonious Europe in sector and territorial terms, which has been the backbone objective of the EU since its founding. The work concludes that during the first half of this Financial Framework, the Union continued to progress to greater sector cohesion, but territorial convergence policies related to the EU 15 have been weakened, despite the fact that income dispersion has been multiplied due to expansions in 2004 and 2007. Paradoxically, the twelve countries incorporated in those years have been fundamentally affected by this weakening. [ABSTRACT FROM AUTHOR]

Experts believe that is being wasted so many resources, allocating budgetary policy that does not provide a sufficiently clearly identifiable European added value. In addition, the Community budget has often been criticized for lack of transparency. The General rules concerning the distribution of resources and financial contributions from Member States are often altered by ad hoc derogations which causes a high degree of complexity. To counter these deficiencies, in 2005 within the framework of the European Council of December in Brussels, it was decided to launch the process of the reform of public finances at the EU level, exercise is also known as the budgetary review process. At the same time, the review of the budget was part of the compromise achieved on the new financial perspective 2007-2013. [ABSTRACT FROM AUTHOR]