THE C.A.N.O.A. MODEL - A POSSIBLE IMPLEMENTATION IN ROMANIAN UNIVERSITIES

Globalisation, in addition to the many effects it has in all areas, determines, in what concerns higher education, a fierce competition between universities worldwide. This competition requires, as an essential element, that in addition to the services offered by the universities, they also develop tools to reveal their costs. Academic and financial performance are the two measures of the management of a university. Accounting supports the management of a university by its three facets, which form, together, the institution's accounting information system: budget implementation accounting, financial accounting, and management accounting. However, while budget implementation and financial accounting are well represented in Romania, the same cannot be said about management accounting. In this paper we shall analyse a possible application of management accounting in Romanian universities, using the C.A.N.O.A. model, a method that is currently used in Spain.