25 research outputs found
ACCOUNTANCY POLICIES AND TREATMENTS FOR ASSESSING STOCKS
Assessing the stocks is an important activity given its economic and financial implications on effectively managing the economic units’ patrimony. Organizing and managing the stocks accountancy relies more and more on effectively knowing the means and the resources, on operatively following the values movement, on carefully researching the structure and dynamics elements, but especially on decoding the future evolution tendencies of the phenomena that occur within the company and in its external environment. Through the matter approached, the author of the paper has in view to present the manners assessing stocks with the help of means specific to the financial accountancy and management accountancy. The theoretical aspects of the paper are combined with practical circumstances specific to entities in the timber processing industry.stocks, assessment, cost
EFFECTS OF RESIDUAL VALUE REVISION ON THE LESSOR’S RESULTS IN THE FINANCE LEASE CONTRACTS
The finance lease is, from a financial point of view, an alternative to bank loans. The residual value is a basic parameter of the finance lease contract. It is set out according to the depreciation and amortization manner of the asset subject matter of tlease, residual value, accountancy estimation, lessor, lessee
CONCEPTS, NEWS AND PERSPECTIVES REGARDING ACCOUNTING IN TOURISM AND ECOTOURISM
Tourism and ecotourism aim the optimisation of a balanced relation concerning the value between effort and effect, income and costs, assets and their origin. Controlling these relations involves the mandatory use of the accounting information. The purpose of the article is to prove that the particularities of the tourism and ecotourism activities influence the accounting information. The anticipations based on accounting information are important for the increasing of the tourism and ecotourism activities efficiency, in terms of sustainable development. Accounting information has as main purpose creating a common language for investors and managers, creating a bridge between investors and the tourism and ecotourism entities activity
The importance of stocks audit for the quality Increasement of the operational fluxes
In a company specialized in trade, operating flows consist mainly in the marketing of goods and in producing operational flows are the flows of production. In both types of companies operational quality streams depends on good management of stocks. The overall objective of the stocks audit is to determine whether raw materials, products in the process of manufacture, stocks of finished goods and cost of sold goods are accurately presented in the financial statements. Research methodology chosen is based on general issues relating to inventory and audit stages reached with particular aspects of the audit procedures to be used with entities in the woodworking industry. The results show exposure requirements for higher quality operational streams: the reduction of the costs of storage and the need for restraint of a smaller value of money in stocks
Accountancy policies and treatments for assessing stocks
Assessing the stocks is an important activity given its economic and financial implications on effectively managing the economic units’ patrimony. Organizing and managing the stocks accountancy relies more and more on effectively knowing the means and the resources, on operatively following the values movement, on carefully researching the structure and dynamics elements, but especially on decoding the future evolution tendencies of the phenomena that occur within the company and in its external environment. Through the matter approached, the author of the paper has in view to present the manners assessing stocks with the help of means specific to the financial accountancy and management accountancy. The theoretical aspects of the paper are combined with practical circumstances specific to entities in the timber processing industry
ACCRUAL ACCOUNTING BETWEEN DYNAMISM AND PRUDENCE
Economic environment and the behavior of the economic entity is in continuous transformation. A determined value today may be outdated tomorrow. Consequently, maintaining a balance in the activity of the economic entity requires corrective actions. The purpose of this article is to highlight the connection between the accrual accounting, the dynamic accounting theory and the accounting prudence. Establishing the optimal timing for recognition of expenses, revenues and outcome, dynamic accounting theory gives managers quality information in order to make the best decisions. Adopting a prudent behavior is necessary in a reasonable measure in order to avoid serious repercussions caused by an exaggerated optimism
The role of the accounting and audit standards in the globalization process
The audit rules are necessary, they being able to be useful as much for the auditors and for the audit beneficiaries. For the auditors, the rules make first of all a support item, a guide or a support in applying the methods, techniques, procedures and second of all a support and justification item, for the case where difficulties show up. In what regards third-parties, these will be assured that the audit is made by unitary criteria, no matter by whom it is made.
Even if solicited by various firms, in order to raise the credibility of the financial situations they published, the audit process cannot take place at random, without the existence of legal regulations. Due to the increasing importance the audit gets in developing any business, in time imposing the necessity to make professional specific standards, that are to insure a minimum quality of the audit process an a certain performance to the auditor profession.peer-reviewe
Relevant Costs for Decision in an Effective Controlling System
Controlling is considered a leading concept in the sense
of coordination, planning, control and automation, in order to produce
the synthesis necessary in decision making. The purpose of article is to
highlight the link between a dynamic accounting system and an effective
controlling system. The research method used is based on the idea that
the cost analysis in an efficient controlling system involves obtaining
accounting information from within the entity which management then
uses in decision making. In conclusion, we emphasize that an effective
controlling system must provide managers the tools to meet their
informational needs
RECOGNITION AND ASSESSMENT OF IDENTIFIABLE AND UNIDENTIFIABLE INTANGIBLE ASSETS
Intangible assets are often characterized by high initial costs, low or declining costs, scale economies,
collective consumption and imperfect substitution. In an economic entity, the more it comes out of a certain element, the
unit costs are reduced. Most licensed products can be consumed by more people at a time. The imperfect substitution
refers in particular to the human capital analyzed as a component of intangible assets. Goodwill and human capital, as
unidentifiable assets, spark numerous controversy over the recognition and assessment accounting methodology.
Among the identifiable assets, the article presents the issue of trademarks as they have the ability to provide income for
the economic entity
ACCOUNTING INFORMATION IN CONDITIONS OF RISK REGARDING FINANCIAL INSTRUMENTS
The fast pace of business and the frequent changes in transactions make it impossible to eliminate risks from the financial market. An entity that transacts with financial instruments may be exposed to certain specific risk categories. Under these conditions, the entity is obliged to provide sufficient information to investors in order to determine the degree of risk related to financial instruments. The main objective of the paper is to identify the aspects that characterize the risk hedging operations and to ascertain their influence on the financial position and performance of a company. The orientation towards principles and not towards precise rules allows the improvement of the professional reasoning in the presentation of the information related to the derivative financial instruments