THE DUALISM OF THE ACCOUNTING ACTIVITY OF THE COMPANY. CHARACTERISTICS OF THE MANAGERIAL ACCOUNTING AND IMPLICATIONS IN THE MANAGEMENT OF THE COMPANY

The diversity of accounting information need led to the construction of two representations of the same reality: an “internal” representation and an “external” representation. Formally speaking, this dual representation consists of two elements of the accounting system of the enterprise: the financial accounting – “the external face” of the entity – and the managerial accounting – “the internal face” of the entity. The organisation of managerial accounting activity is up to each entity, but it is essential to realize its importance because it provides confidential information to managers for the evaluation, control and future management of the businesses. The practical activity of cost calculation and analysis should be by excellence a major component of the company’s management that would ensure the realisation of competitive costs so that the pricing decision competes at obtaining a profit that would lead to the possibility of the company’s future development

STUDY WITHIN THE COMPANIES IN CENTRAL REGION REGARDING THE QUALITIES AND PROFESSIONAL DEVELOPMENT REQUIRED OF MANAGERS AND ADMINSITRATORS IN THE LIGHT OF CAPITALIZING THE ACCOUNTING INFORMATION

Often, numbers are “an impediment” for those who own or run a business. We live in a world where the numbers lead us, direct us, and in the light of the economic environment this is something natural. Managers’ or administrators’ expectations are high regarding the work of professional accountants. But are they really justified? To some extent, yes, but not from the perspective of providing information, but especially from the desire to achieve certain results. However, it must be had in mind that those desired outcomes are related to the comprehension of information capacity, with a desire to get them, to know them, to use them. Starting from these premises, the article aimed at analyzing the perception of qualities and professional development, required to managers and administrators in terms of capitalizing the accounting information. The study was conducted on a sample of economic entity in the Central Region, based on survey-type direct research

STUDY ON THE RISK MANAGEMENT IN BANKING INSTITUTIONS

Risk is a key factor for businesses, because you cannot get profit from any activity without risk. Since banking risks are a source of unpredicted expenses, their proper management might stabilize revenues, having the role of shock absorber. At the same time, strengthening the value of banking shares can only be achieved through real communication with the financial markets and the implementation of adequate programmes of banking risk management. The paper analyzes, for the beginning, a series of general aspects regarding risk and banking risk management. Then, we present the conclusions resulting from the quantitative research descriptive type which had as objective the analysis of knowing the measures that have to be taken in the banking management for a better management of risks that might cause bankruptcy and opinions about the NBR responsibilities to monitor and control the banks in the system.risk, management, bank

STUDY REGARDING THE IMPORTANCE OF ACCOUNTANCY INSIDE ORGANISATIONS

The diversity of the accounting informational needs has determined the establishment of two representations of the same reality: an „internal” representation – the managerial accounting – and an “external” one – the financial accounting. From this perspecaccounting, financial, management

STUDY REGARDING THE ACCOUNTING ACTIVITY MATTER TACKLED FROM THE EFFICIENCY REQUIREMENTS

The accounting activity depends on the general management which has as an objectiveto accomplish its functions within the organisation’s financial and patrimonial area. Naturally, wecan not talk about an efficient management without an efficient accounting activity. For this reason,the present paper tackles certain aspects which we consider that have to be established in order toget efficiency in the accounting field. The theoretical aspects are backed by the results of a selectivescientific research with the purpose of knowing the respondents’ opinion regarding the realities andperceptions over the accounting activity matter.accounting, informational, training, interdependencies, ethics

ASPECTS REGARDING THE ROLE OF THE FINANCIAL MANAGEMENT IN ELABORATING AND IMPLEMENTING THE ORGANISATION’S STRATEGIES

Globalisation, increasingly harsh competition, more demanding clients, continuous technological progress – are factors which are now influencing all activities. Organisations have to be as flexible, adaptable and able to permanently reinvent themselves as possible, in order to survive in an environment which allows increasingly less the existence of weak competitors. Most companies function in a business environment where changes, the unpredictable and the uncertainty are the only certainties. In this environment, one of the basic challenges is the company’s survival through strategy and competitive advantage, all of this leading to the financial performance. But it is impossible for managers to elaborate and implement a strategy without the knowledge, the abilities and competences of the ones involved in the financial management.strategies; financial; management

STUDY ON IDENTIFYING THE CONSULTANCY NEEDS OF THE MEMBERS OF THE TERRITORIAL PACT AND THE COUNTY PARTNERSHIPS IN THE CENTRE REGION

In order to ensure some quality consulting services within the activity “Providing consultancy services to develop applications for European funding with focus on the SOP HRD 2007-2013”, in order to identify the organisations’ consultancy needs, the problems they face in elaborating the financing applications and implementing projects, there has been elaborated, within the PTS, the document “Questionnaire on identifying the consultancy needs of the members of the Territorial Pact and the County Partnerships - Centre”. The questionnaire was sent via e-mail to the member organisations of the Pact and the County Partnerships and also, it has been posted on the web site www.stpcentru.ro, so that all members may have access to it. The questionnaires collected until May, 25th, 2010 from 27 organisations were centralised in an excel format Data base

THE FINANCIAL-ACCOUNTING SPECIALISTS’ ADAPTATION TO THE MANAGEMENT REQUIREMENTS

The financial-accounting specialists are permanently faced with high expectations and exigencies related to their knowledge and abilities. The permanent development of life-long professional competence and learning process are essential if they do not want to fail their expectations. From this perspective, the paper captures certain aspects regarding the importance and the requirements for professional development. The theoretical aspects are upheld by an investigation type selective research, made on a sample of 110 economic entities in Sibiu County, its main objective being capturing how the financial-accounting personnel’s professional training is being accomplished and perceived.financial-accounting, specialists, management, professional, activity

Cost Calculation as an Operationalization of Management Accounting: Opinions, Options and Realities

Managers need accurate and timely information to carry out pricing, planning, operational exploitation and other types of decisions. Regardless of the level at which he is, the manager manages his area of responsibility, triggers actions that will lead to the realization of effects, only through the consumption of resources. Knowledge and analysis of costs is a fundamental step in establishing an optimal price policy leading to the achievement of the objectives. From this perspective, the paper addresses the importance of cost knowledge and prices calculation methods in terms of managerial advantages and disadvantages. Also, based on a research conducted on a sample of 301 organizations, we aimed to reach the objective of knowing the options regarding cost calculation as operationalization of the capitalization of the information provided through management accounting