Accounting Management Tools in Romanian European Social Fund Implementation

European Social Fund has to be accurately implemented in shared management by Members’ States authorities through thousands of projects developed by grant contract beneficiaries, according to the principle of sound financial management, described as the appropriate mix of: assigned resources’ economy, efficient allocation of resources toward output indicators and effectiveness of financed operations. Paper's purpose is to contribute at Fund's sound financial management implementation by providing to those interested in performance analysis some cost based accounting management models. Results of applying management accounting methods such as: activity based costing, direct costing and standard costs, to Fund's implementation particularities, are relevant cost oriented accounting management models that may be practically used for performance analysis, decisions and reports.