THE EVOLUTION OF CONSUMER PRICE INDEX (CPI) AND INFLATION RATE IN ROMANIA IN JANUARY 2000 - DECEMBER 2010

In the analysis of economic stability an important part is owned by consumer prices. The present study is devoted to an analysis of the evolution of CPI and inflation rate in the Rumanian economy. The analysis uses annual and monthly series for the period January 2000 - December 2010.consumer price index, inflation, Laspeyres index, Household Budget Survey, the exchange rate.

ACCOUNTING - A SOURCE OF INFORMATION WITHIN THE MANAGEMENT SYSTEM

Accounting information system is a complex system of registration and processing of goods movement, the reflection of the rights and obligations with economic value; it is necessary and indispensable to the economy. Through its own system of concepts and procedures, accounting is the only discipline that can provide information that form the basis of the assessment of an organization by a wide category of users. Those in need of information for the purpose of making accounting decisions on allocating economic resources efficiently and effectively

PERSPECTIVES REGARDING THE QUALITY OF THE INTERNAL AUDIT AND ITS IMPACT ON THE FINANCIAL PERFORMANCES OF THE BANKS IN ROMANIA

The objectives and responsibilities of the internal audit are expressed and concentrated in both international and national regulations. The scope of the internal audit should include the entire system of the bank for identifying and measuring its regulatory capital and assessing the suitability of its resources for the bank's risk exposures and compliance with the minimum set ratios. The internal audit function should independently assess the bank's systems and processes for measuring and monitoring liquidity positions in relation to its risk profile, external environment, and minimum regulatory requirements. At the same time, internal auditing should regularly review the process by which risk and reporting functions interact to produce timely accurate, relevant, reliable, and accurate financial reporting to the management, regulator, and other stakeholders (shareholders, investors). Basel III requires that the bank's compliance function, including compliance monitoring, as well as any regulatory requirements, should be reviewed periodically by the internal audit and set a broad scope. One of the significant requirements is that the scope of the internal audit plan should adequately cover all aspects of regulatory requirements

THE IMPACT OF MONETARY AND FISCAL POLICIES ON PUBLIC FINANCIAL MANAGEMENT

Fiscal policy is the main component of financial policy. Being a component of economic policy, taxation must lead to economic objectives. Maintaining equilibria macroeconomic cannot be blamed solely in charge of monetary policy, fiscal policy and that the revenue must have a role in support and to bear the load efforts to stabilise. Large deficits are dangerous for current account, because they are associated with a greater risk of producing an adjustment steep in the exchange rate and high volatility of exchange rate has major implications on the stability and macroeconomic monetary, in general. This means that countries should his election budgets so as to cope with growing demand from the private sector and to take necessary safeguard measures against potential crises, whereas the extent fiscal deficit contributes directly to the magnitude current account deficit

THE ADEQUACY OF THE CAPITAL - CENTRAL OBJECTIVE OF PERFORMANCE MANAGEMENT AND BANKING RISK

The main objective of this work is to highlight the role that the methods and techniques for the management of banking risks have in internal process the capital adequacy at risk in the future and to reflect the continued growth of the banking risks in the contemporary age, in conjunction with the intensification of cooperation that led to the internationalizing of regulations, within the meaning of the development of national rules in accordance with the principles accepted by several countries, the kind of international groups of studies organized by the Bank for International Settlements the Basel Convention or the application of Community rules, drawn up in the form of the Directives of the European Communities. The work has the research field the theoretical and practical aspects of the completion of the internal process the capital adequacy at risk in banks

Consideration Regarding the Determination and Appreciation of the Efficiency of the Financial Control

The concept of economical efficiency expresses the report between the useful effect or the result and the effort and the expense occasioned by its obtaining. The greater the effect achieved on the expense unit or the other way around, the smaller the expense occasioned by the producing of a certain useful effect, the economical efficiency is higher. From the theoretical and practical point of view, the economical efficiency has general applicability, since, without a certain work expense, a certain result is not possible, the work always being the cause, and the obtained product, its effect. And in order to determine the efficiency of the financial control it is necessary to start from a report between effect and effort, obviously adapted to the specific of this activity.the efficiency of the financial control, the system of indicators, rules, norms, expenses with the financial control

The Control and Administration of the Risks at the Level of the Banking Companies

The banking companies assure their incomes, their profits from specific activities, namely from cashing and payment activities, loans, bank placements, financial consultancy, on assuming certain risks. Any banking activity supposes a risk which accompanies all the businesses and it is or it is not produced given the conditions. The risk management and control must be understood on a larger scale, as an action, and on a smaller scale, in an individualised manner on persons responsible with the risk supervision.banking risk, banking regulations, banking risk categories, measurement and control indicators, techniques of administration of the banking risk

RISK AND THE FOREIGN DIRECT INVESTMENT - SYNTHETIC APPROACH

As part of the international economics flows, FDI always puts a mark on the economic development of a country. The internationalization of a company by investments involves a great many risks, from the lowest to the highest level of involvement. On the basis of these considerations one can assess that the country risk is one of the most important pillars that support the process of internationalization of a company by means of foreign direct investments. Broadly sepaking, country risk is an important component of the overall risk of trading on international levels. In other terms it can be seen as the likelihood of losses resulting from a series of macroeconomic (GDP decline on the long run, inflation increase, economic crises, etc.), social (conflicts between social classes, civil wars, riots, etc.) and political events (wars, territorial claims, conflicts of interest, etc.). In order to identify the main country risk factors that influence the decision of corporations to invest abroad, AT Kearney (2004) performed an extensive survery among multinational corporations. Those risk factors that were most frequently mentioned included government regulations (64%), country financial risk (60%), currency or interest rate volatility (51%) and political and social disturbance (46%).[11] The purpose of this article is to highlight a number of important factors that may affect the realization of a foreign direct investment, in other terms to influence "go-no-go" decisions, that is to invest or not to invest. Also, through the analysis of the influence of country risk over FDI one aims at evaluating the relationship between risk and potential gain resulting from conducting the respective business. The purpose of this article is an attempt to identify and develop aspects that outline a number of risk factors of influence over FDI

IMPACT OF GLOBALIZATION ON BANKING PRODUCTS AND SERVICES

One can appreciate that the current conditions of the evolution, banks, those of Western Europe, as well as those in the central-East European countries and not only will have encountered new challenges, of which only a portion of them will be able to adapt, only those that will have the ability to exploit new opportunities in the globalised financial world. Banks will have to have the characteristics of a financial markets see more intense competition, and that financial products tend to be more homogeneous and easy to copy innovations; and the infrastructure is becoming more sophisticated and expensive; and last but not least the national regulations that tend to flatten and to join the international standardized structures and solutions for resolving crises are increasingly inspired from previous experience. This makes the market to be more uniformly, offering equal opportunities to all participants, but at the same time pointing to a large extent, revenue and profits

THEORETICAL CONSIDERATIONS ON THE EFFECTS OF THE FINANCIAL CRISIS ON BUDGETARY REVENUES IN ROMANIA

The global economy entered into the greatest economic crisis after the great recession, which affected both developed countries and emerging countries, demonstrating the degree of interdependence of world economies. The financial crisis has put in front of the Governments of a number of challenges, the most important of which are: a new approach to budgetary fiscal policies by Governments, a global coordinated response of the authorities in the affected countries, the need to improve recognition of public services and their reform, the need to do more with fewer resources. The crisis represents an opportunity to redefine the economy and to reform public finances. The recession is proving slow because the fiscal space for stimulating the economy is small. Budgetary correction involves painful measures, austere fiscal measures to be applied, however, because internal financial equilibrium and ensure the financing of the deficit by maintaining international agreements, legislative projects difficult, and treating the root causes of the structural deficit