FINANCIAL COMUNICATION THROUGH THE FINANCIAL STATEMENTS ACORDING TO THE INTERNATIONAL ACCOUNTING SETTLEMENTS

The major financial statements are designed to provide a picture of theoverall financial position and performance of the business. In order to provide thisoverall picture, the accounting system will normally produce five major financialreports on a regular recurring basis. These financial statements, taken together,provide on overall picture of the financial health of the business. It says that who hasthe information has the power, and the way that it gets from the receiver iscommunication. From an accounting point of view, the communication is representedby financial statements, witch are regulated by IASB through IAS 1. Its objective is toprescribe the basis for presentation of general purpose financial statements, to ensurecomparability both with the entity’s financial statements of previous periods and withthe financial statements of other entities.financial statements, IASB, IAS/IFRS financial reporting

ANALYSIS TO INSTRUMENTS OF MONETARY POLICY USED BY NATIONAL BANK OF ROMANIA STARTING WITH 1990 IN THE CONTEXT OF EUROPEAN UNION INTEGRATION

The monetary policy play an important part to promotion and maintenance ofeconomical growth, especially in countries of transition; this has become essential to adjusting theeconomic equilibriums, presented within these economies, particularly to controlling the inflationistslide-slip and current accounts deficits, related to balance of payments. The monetary policy of theNational Bank of Romania, whose implementation will be forwards accomplished within context ofstrategy to direct inflation aiming point, will be also consequently directed to consolidation ofdisinflation process and of assuring the decreasing of inflation rate on middle term to levelscompatible with definition of prices steadiness adopted by ECB (European Central Bank. Analyzingthe operational frame of monetary policy in Romania after 1990, one might reach the conclusionthat the main used instruments of monetary policy were the following: the re-financing policy, theminimal compulsory reserve and the open – market policy.monetary policy, price stability, the re-financing policy, the minimal compulsory reserve, theopen – market policy

Structural and Qualitative Analysis of the Romanian Banking System

The banking sector, the predominant component of the Romanian financial system, had a relatively stable structure in the period 2005-2009 and has experienced significant consolidation, particularly in the years 2005-2006, this being sustained mainly by the restructuring and privatization process, but also by Romania's EU accession perspective and the competitive environment in this area. Given the new status of Romania as EU member country, the competition in the banking system has increased significantly, leading to both structural changes, but also to changes in levels of analysis indicators of banking structure and performance. Following this analysis, it appears that, recently, our country's banking system saw a dynamic and unprecedented diversification resulting from the economic development of the society and adaptation to EU requirements, and we can say that in Romania there is, now, a modern and competitive banking system, which provides circulation of the domestic economy and provides banking products and services in accordance with trends in the European banking sector.banking structure, liquidity, solvability, banking performance, foreign capital

Structural and Qualitative Analysis of the Romanian Banking System

The banking sector, the predominant component of the Romanian financial system, had a relatively stable structure in the period 2005-2009 and has experienced significant consolidation, particularly in the years 2005-2006, this being sustained mainly by the restructuring and privatization process, but also by Romania's EU accession perspective and the competitive environment in this area. Given the new status of Romania as EU member country, the competition in the banking system has increased significantly, leading to both structural changes, but also to changes in levels of analysis indicators of banking structure and performance. Following this analysis, it appears that, recently, our country's banking system saw a dynamic and unprecedented diversification resulting from the economic development of the society and adaptation to EU requirements, and we can say that in Romania there is, now, a modern and competitive banking system, which provides circulation of the domestic economy and provides banking products and services in accordance with trends in the European banking sector

The contribution of integrated reporting in determining the performance and value of a sustainable organization

Abstract.In the current business environment, financial reporting has become insufficient in terms of information, which is caused by the increasing information needs of stakeholders. In this context, an integrated reporting modality has emerged thanks to the International Integrated Reporting Council (IIRC), where the information presented is both financial and non-financial information, such reporting being called “Integrated Reporting”. Thus, starting from this consideration, the main objective of the paper aims at the main aspects that lead to the presentation of the benefits of implementing integrated reporting in organizations, through the ability to understand, in a more complete way, the "real" performance of a sustainable organization. The essential elements contained in an integrated reporting concern the capital, the business model and the process of creating and maintaining value, this reporting must be integrated in the strategy and vision of the organization, allowing through the transparency of these integrated reports the observation of all aspects led to the results obtained by the organization, as well as providing information on the role of the organization in society and the context in which it operates, the image of the organization being complete. The purpose of this paper is to highlight the importance and role assigned to integrated reporting in measuring the performance of a sustainable organization, by making it easier to understand the cause and effect of the link between financial performance and sustainability by stakeholders

The contribution of integrated reporting in determining the performance and value of a sustainable organization

In the current business environment, financial reporting has become insufficient in terms of information, which is caused by the increasing information needs of stakeholders. In this context, an integrated reporting modality has emerged thanks to the International Integrated Reporting Council (IIRC), where the information presented is both financial and non-financial information, such reporting being called “Integrated Reporting”. Thus, starting from this consideration, the main objective of the paper aims at the main aspects that lead to the presentation of the benefits of implementing integrated reporting in organizations, through the ability to understand, in a more complete way, the "real" performance of a sustainable organization. The essential elements contained in an integrated reporting concern the capital, the business model and the process of creating and maintaining value, this reporting must be integrated in the strategy and vision of the organization, allowing through the transparency of these integrated reports the observation of all aspects led to the results obtained by the organization, as well as providing information on the role of the organization in society and the context in which it operates, the image of the organization being complete. The purpose of this paper is to highlight the importance and role assigned to integrated reporting in measuring the performance of a sustainable organization, by making it easier to understand the cause and effect of the link between financial performance and sustainability by stakeholders.În actualul mediu de afaceri, raportarea financiară a devenit insuficientă din punct de vedere informational, cauzate de nevoile informaționale tot mai mari ale părților interesate. În acest context, a apărut o modalitate de raportare integrată grație Consiliului internațional de raportare integrată (IIRC), în care informațiile prezentate sunt atât informații financiare, cât și non-financiare, astfel de raportare numindu-se „Raportare integrată”. Deci, pornind de la această considerație, obiectivul principal al lucrării vizează principalele aspecte care conduc la prezentarea beneficiilor implementării raportării integrate în organizații, prin capacitatea de a înțelege, într-un mod mai complet, performanța „reală”, a unei organizații sustenabile. Elementele esențiale conținute într-o raportare integrată privesc capitalul, modelul de afaceri și procesul de creare și menținere a valorii, această raportare trebuind integrată în strategia și viziunea organizației, permițând prin transparența acestor rapoarte integrate observarea tuturor aspectelor ce au condus la rezultatele obținute de organizație, precum și furnizarea de informații cu privire la rolul organizației în societate și contextul în care operează, imaginea organizației fiind completă. Scopul acestei lucrări este de a evidenția importanța și rolul atribuit raportării integrate în măsurarea performanței unei organizații durabile, facilitând înțelegerea cauzei și efectului legăturii dintre performanța financiară și sustenabilitate de către părțile interesate

Noi modificări aduse reglementărior contabile cu privire la contabilizarea şi recunoaşterea în raportările financiare a contractelor de leasing

MIHALCIUC, Camelia Cătălina. Noi modificări aduse reglementărior contabile cu privire la contabilizarea şi recunoaşterea în raportările financiare a contractelor de leasing. In: Contabilitatea şi educaţia contabilă în societatea digitală = Accounting andaccounting education in the digital society: conf. șt. intern., ed. a 8-a, 4-5 apr. 2019. Chişinău: S.n., 2019, pp. 134-143. ISBN 978-9975-127-67-7.Significant changes to the International Financial Reporting Standard IFRS 16 Leases have led to the introduction of some provisions in national accounting regulations regarding the accounting registration method for the assets consisting of the rights to use the support assets covered by the leasing contracts and also the support assets leased. These major changes brought by IFRS 16 refer to a new approach in defining the lease and also to the recognition and measurement of assets and liabilities generated by lease agreements to the lessee, all of which are presented and substantiated in the present work. CZU: 657.37:339.187.6 ; JEL: M41