The oportunity of group entities from the perspective of multinational corporations

Organizing traditional group entities is desirable firstly because, from a structural, managerial and operational perspective, a conformation to the global competitive structure of the environment is imposed, which means embracing some competitive decisional systems in what concerns the conscription of the possible fluctuations produced on international markets.entities group, multinational corporation, holding, opportunity, evolution

CONSIDERATIONS ON THE PLANNING OF THE FINANCIAL AUDIT MISSION

In order to exercise efficiently the financial audit it is required to adequately plan it, for each individual mission. This document synthesizes the essential aspects which must be taken into account by the auditors and divides them into groups, according to the following paths of action: obtaining a detailed knowledge of the entity audited; estimating an acceptable level of the audit risk; understanding the internal control system of the entity; determining rigorously of the terms of the mission.audit, planning, particularities, risk, engagement

BETWEEN THE CONTROL PERCENTAGE AND INTEREST PERCENTAGE IN ASSURING A FAIR IMAGE OF THE GROUP OF ENTITIES

At present, in Romania, the organizational-functional-juridical entity – the group of entity – perceived as an economical reality with an importance that competes with one of the individual entity, in the sense that we orientate our attention over the general acceptation adopted according to it “group capitalism” represents only another way to express the same economical truth.consolidation, integration, group of entity.

New financial dimensions of the smes’ internationalization

Globalization has brought a shift to the economic environment of the European SME. The progressively disappearing barriers and borders are exposing all companies both to new markets and to international competition. Consequently SMEs that do not consider internationalisation are self imposing a severe restriction on their potential for long term survival. Internationalisation is not to be considered as a separate part of the company or a strategy to be enacted only in times of reduced local demand, but fully integrated into the SME’s long term activity, been proven as a key engines for competitiveness and growth.SMEs, internationalization, drivers, limits, financing, strategy

The Liquidation - based on Evaluation and Accounting Information

From a juridical point of view, an entity is considered in difficulty in the situation of payments’ ceasing that occurs when it can not face its due debts with the available funds. In the case of a financial depreciation, the short term liabilities are superior to the assets. The negative net treasury will put the entity in the situation to come up against the payment incidents, this leading to the degradation of its image for the business partners. Despite this, before closing the synthesis financial statements there are some „alarm signals” which can be highlighted especially through a correct and efficient evaluation. These signals can be analyzed at the level of the main activities from the entity. These reasons determine the analysis of degradation’ stages on the economic-financial situation as an important criterion in choosing the methods of diagnosis for the entities in difficulty, but also for the strategic orientation.financial degradation, liquidation, evaluation, accounting information

Evaluarea pe baza de active: analiza critica

For estimation the value of the firm, there can be used three approaches: the approach based on assets, the approach based on incomes and the approach based on comparison. Each type of approach include more methods and techniques of evaluation and, in practice can be used all three approaches in order to estimate the value of the firm. Among the patrimonial methods (evaluation based on assets) the most representative are the followings: Net Accounting Asset (ANC); Net Corrected Accounting Asset (ANCc); Net Liquidation Asset (ANL); the substantial value; the permanent capital necessary for exploitation. A comparative analysis of the methods ANC and ANCc reveals the main advantages and disadvantages of them. But the selection of a certain approach or methods depends on the type of firm, on its situation at the evaluation date, on the available information, on the purpose of evaluation etc. and the option for a method or another is based finally on the evaluator’s choice which select the used methods in function of the specific conditions where the evaluation is done and of the existing advantages/disadvantages

Evaluarea pe baza de active: analiza critica

For estimation the value of the firm, there can be used three approaches: the approach based on assets, the approach based on incomes and the approach based on comparison. Each type of approach include more methods and techniques of evaluation and, in practice can be used all three approaches in order to estimate the value of the firm. Among the patrimonial methods (evaluation based on assets) the most representative are the followings: Net Accounting Asset (ANC); Net Corrected Accounting Asset (ANCc); Net Liquidation Asset (ANL); the substantial value; the permanent capital necessary for exploitation. A comparative analysis of the methods ANC and ANCc reveals the main advantages and disadvantages of them. But the selection of a certain approach or methods depends on the type of firm, on its situation at the evaluation date, on the available information, on the purpose of evaluation etc. and the option for a method or another is based finally on the evaluator’s choice which select the used methods in function of the specific conditions where the evaluation is done and of the existing advantages/disadvantages

The Liquidation - based on Evaluation and Accounting Information

From a juridical point of view, an entity is considered in difficulty in the situation of payments’ ceasing that occurs when it can not face its due debts with the available funds. In the case of a financial depreciation, the short term liabilities are superior to the assets. The negative net treasury will put the entity in the situation to come up against the payment incidents, this leading to the degradation of its image for the business partners. Despite this, before closing the synthesis financial statements there are some „alarm signals” which can be highlighted especially through a correct and efficient evaluation. These signals can be analyzed at the level of the main activities from the entity. These reasons determine the analysis of degradation’ stages on the economic-financial situation as an important criterion in choosing the methods of diagnosis for the entities in difficulty, but also for the strategic orientation

National and international exigencies on increasing the quality of accounting information generated by evaluation by comparison

The approach by comparison establishes the limits of the shares market value by analyzing the prices, normally paid for shares to the competing entities to the one evaluated. In order to select the comparison base, the motivations of the parties involved in the transaction must be identified. Selling prices which reflect a different motivation than the typical motivation of the participants on the market shall be eliminated. These prices will be analyzed by using some proper comparison units, being adjusted depending on the differences between the compared entities and the evaluated entity. The application of these approaches requires some sufficient market information, as well as a degree of market stability, in order to ensure the relevance of the comparison bases used