THE FIRM’S PATRIMONY – AN INTERNATIONAL APPROACH

This article is meant to reinterpret the balance equation of the Patrimony. Any book about the Foundations of Accountancy presents in the chapter “The Object of Accountancyâ€, the patrimonial equation mentioned above. We state the following affirmation: in the accountancy of a firm, everything is thought over from the point of view of the respective firm. However, this small detail seems to have been overlooked by authors of accountancy manuals when they presented the equation mentioned above. And we observed that this small detail attracted a lot of confusion even among people with many years of experience in accountancy. This article will offer a new point of view regarding the concept of a firm’s Patrimony on an international approach.accountancy, patrimony, assets, liabilities, owner’s equity

NEW BORDERS OF VAT AFTER THE ACCESSION TO EU

The accession of Romania to EU involves the obligation to enforce the same rules as the other member states, VAT being a tax which must exist and which must not allow competition disturbance among the economic operators within different member states, as well as non-taxation or double taxation of the same operation in two different member states. The harmonization of VAT within EU has been done gradually. The value added tax (VAT) was established in the Economic European Community in 1970 by means of two “VAT Directives”. Representing the indirect tax with the highest weight in the GDP (Gross Domestic Product), the European Union has established an obligation according to which the member states contribute with a share of the cashed VAT to the EU budget.EU, VAT, accession

Accounting practices regarding merchandise imports on one’s own account, on short-term credit

The paper presents in the first part theoretical aspects regarding merchandise imports on one’s own account, on short term trade credit. In the second part it approaches a practical application of accounts related to merchandise imports on one’s own account, on short term trade credit. Foreign Trade Companies’ merchandise imports, as an indirect form of organizing foreign trade, contains the sum of operations by which merchandise necessary to the national economy is bought for production or individual consumption. Just like exporting, importing can be done by foreign trade companies on their own account, or on commission. In indirect importing, on foreign trade companies’ own account, the abovementioned act on foreign markets and onward on the internal market, in their own name, on their own account, and at their own risk. Thus, the financial results of the import activity are reflected, in full, in the administration of the importing foreign trade company. Merchandise imports bought on credit, i.e. imports for which payment is made at a particular date, is determined by the shortage of financial resources of the importer. It is common practice both for simple and complex merchandise, however, generally complex merchandise is more frequently the subject of on credit acquisitions.import, merchandise, accounting, credit.

ELECTRONIC BUSINESS IN BUSINESS

The management of a business in the digital economy is based on a management process called digital management. Business in the digital economy integrates information technologies and communications within its activities and may be partially or totally electronic. Management of the business is carried out using information systems that support for the substantiation and decisions. Business electronic involve a complete change in how the customer is viewed in relation to the organization; requirements "e-customer" are larger and increasingly sophisticated, and the organization must be able to offer services of a quality that in the largest communities of a multinational partners and customers.management, business, IT & C, Internet, electronic

Measurement of the Electrical Resistivity for Unconventional Structures

This study presents an apparatus for the measurement of the electrical volume resistivity of concrete structures in civil and industrial constructions in 2.5 accuracy class, which operates at 500 Hz, for measuring the in situ resistivity of concrete in the range of 5–100 Ωm that is immune to errors due to the polarization phenomena at the interface probe/concrete sample. Also, a quench protection active system (QPS), which works in tandem with a superconducting coil structures (SCSs), in order to prevent the damaging effects when the coil structures pass from the superconducting state into normal conduction state (quench), is presented. An SCS made of YBCO tape high‐temperature superconductor (HTS) type, with a critical temperature of 92 K, has been experimented. In order to minimize the heat transfer influx by convection, the SCSs are confined to a cryostat, which is vacuumed at about 0.001 mbar. The working temperature of the HTS coil structures is about 77 K, ensured by liquid nitrogen as cryogenic agent. Finally, the measurement of the electrical resistance of the sensing element (SE) as part of the resistive‐type gas sensor is shown. The SE is placed on a Wheatstone bridge. The electrical resistance of the SE is variable by an amount ΔR, on when all the resistances of a Wheatstone bridge are nominally equal

New Energy Harvesting Systems Based on New Materials

This study starts with the ZnO nanostructured materials used for improve the efficiency of polycrystalline solar cells operation under low solar radiation conditions. The ZnO nanowires were prepared using the hydrothermal method of deposition on the seed layer by a new and complex process, with controllable morphological and optical properties. The analysis of the XRD patterns, scanning electron microscopy images (SEM) of the ZnO nanowires and a lot of tests made Pasan Meyer Burger HighLight 3 solar simulator, confirm the advantages of using the ZnO nanowires in solar cells applications for antireflection coatings. Then, piezoelectric structures based on new modified PZT zirconate titanate designed for energy harvesting applications is presented. Based on their piezoelectric characteristics, modified PZT zirconate titanate ceramics made of Pb(Zr0.53Ti0.47)0.99Nb0.01O3 ceramic have efficient applications in energy harvesting devices. A piezoelectric transducer, consisting of a thin plate of this piezoceramic material, with dimensions (34 mm × 14 mm × 1 mm), is illustrated. A multiphysics numerical simulation further illustrates such piezoelectric transducer operation. Finally, the miniature planar transformer with circular spiral winding and hybrid core—ferrite and magnetic nanofluid, designed for new energy harvesting systems is presented. We purpose now that the magnetic nanofluid be used both as a coolant and as part of the hybrid magnetic core

Unconventional Backup Structures Used in Smart Microgrids

The continuity of power supply to users is considered to be one of the main problems in the design and implementation of low-voltage smart microgrid configurations. Switching to the backup power supply, when using two frequency converters, one of which is alternately maintained in cold reserve, is presented. Switching to the backup power supply, in the case of low-voltage symmetrical smart microgrids, is another highlighted aspect. In the case of modern residential buildings, the automatic switching is necessary between two or more types of users, critical and noncritical ones to the available sources, like the public grid, photovoltaic panels, power generator, etc. Also, in this study, the implementation of smart power microgrids, featuring auto-reconfiguration, is proposed. It is considered the conversion of the public grids to active (distribution/using) smart power microgrids, which have the autoconfiguration option and use high-tech smart devices, like recloser type. Thus, the faults and contingencies will be limited or even removed, creating the frame for the supplied equipment (in a continuously increasing number due to the local and regional expansion) to operate until the removal of the fault