Operating Cash Surplus Determinations

The paper defines the concept of operating surplus. Then, it is compared to the gross operating surplus and the differences are identified. The two calculation methods are presented next: (1) operating revenue less operating charges and (2) the gross operating surplus less WCN (Working capital needs) less immobilised production less stored production less other operating revenues). Then, a three year study is presented (2005-2007) and the results are interpreted. Then, there is a correlation between the operating cash flow surplus and the operating cash flows.operating surplus, operating revenue less operating charges, the gross operating surplus less

ANNUAL FINANCIAL STATEMENTS - A SOURCE FOR THE FINANCIAL DSECISIONS OF INSOLVENT COMPANIES

The paper presents the importance of financial statements in determining the insolvency of a company. The first part of the article presents a case study and the main signals of bankruptcy: negative working capital, negative equity capitals, losses, etc. In the end of the paper we detail issues that are not observable and that are related to the actual management of the company.working capital, working capital need, treasury, equity capitals, annual financial statements

UNCORRELATIONS IN THE VALUE STOCK EXCHANGE IN BUCHAREST

In the following lines, we aim at studying the function of reflecting the economicand currency conjuncture at a certain point and from a certain perspective anduncorrelations in the value stock exchange in Bucharest.the stock exchange, index, market

ON THE PERFORMANCE OF ROMANIAN COMPANIES AND PARTNERSHIPS

This article is structured as follows: definitions of performance, profit - the main performance indicator and a case study on how the main performance indicators in the case of the company “X” were calculated.performance, profit, gross profit, net profit, operating profit, turnover, added value, gross operating surplus

FINANCING INSTRUMENTS USED IN THE CENTRE DEVELOPMENT REGION

The paper presents the main financing instruments (projects) used in the Centre Region, approaching aspects regarding the Centre Development Region, such as its features in terms of the geographical profile of employment. In regard to the involvement of the population to the economic life, statistics show relatively low values of the overall activity and employment rates recorded primarily in the rural area. If we consider only the population included in the age group 15 to 64, the active population represent 62.2% of total, and the employment rate is 56.3% of the total active population, both declining in the last 15-20 years. At regional level, in order to implement the regional development policy in accordance with Law no. 315/2004 on regional development in Romania, two institutions are functioning: Regional Development Board and "Centru" Regional Development Agency. The paper also presents the use dynamics of funds in the Centre Region. Starting with 2007, "Centru" Regional Development Agency has become an intermediary body within ROP 2007-2013 with the role of promoting and managing the funds allocated to this region. In regard to the stage of implementation of ROP in the Centre Region, starting with February 25th, 2011, all 12 key areas of intervention of the programme were launched and a number of 1.053 projects were submitted in the Centre Region for a total amount of 1.033,99 million euro, the paper showing a diagram of the submitted projects. There is also a diagram of the amounts requested for funding the projects submitted until February 25th, 2011 at the Centru RDA and the available financing budgets on priority axes. Until February 25th, 2011, a number of 174 projects were contracted under ROP for a total value of 1.549.430.419,97 lei. In the end, we review the main indicators of the contracted projects. They belong to rural development, transport infrastructure, social infrastructure, regional and local business environment, tourism development and promotion.Centre Region, labour force, project, indicators, structural funds

DECISIONS REGARDING INVESTMENTS IN RENEWABLE ENERGY

The article approaches issues regarding the decisions to invest in projects concerningthe area of renewable energy resources. The decisions have been taken on the basis of the cost-benefit analysis. The central issue, that arises inhere, concerns the foundation of the investmentdecision in terms of an EU funded project through structural funds, if the financial analysisindicators are sufficiently relevant for the decision, or when it should or should not resort toindicators of economic analysis for this, even for private investors, as if these projects should not befinanced solely by public beneficiaries as infrastructure projects and not in the context of economiccompetitiveness, respectively.renewable energy, cost-benefit analysis, IRR, NPV, investment decision

THE ACCOUNTANCY OF GRANTS IN THE PUBLIC INSTITUTIONS - CASE STUDY ON A ROMANIAN MUNICIPALITY

The absorption of the European funds is an aim of the post-accession strategy. The main role is to maintain the variations at the level of economic development of the EU Member States. The present research paper presents several aspects related to the accounting of the activities developed using UE grants. The principle aim of our article is to offer extra information for the understanding of the grant’s accountancy and taxation. The case study presents a project financed through the programme RO10-CORAI (a programme financed through the EAA 2009-2014 Grants and managed by Romanian Social Development Fund) and implemented by a Romanian municipality

THEORETICAL AND PRACTICAL ASPECTS RELATED TO THE PUBLIC EXPENDITURE IN ROMANIA. CASE STUDY FOR A ROMANIAN TERRITORIAL ADMINISTRATIVE ENTITY

The present study aims to analyse the expenditure from a Romanian territorial administrative entity. The expenditure is studied statically and dynamically. There is also calculated the proportion of each type of expenditure related to the total expenditure of the territorial administrative entity for a period of 5 years (2014-2018) and their evolution was also analysed

THE ACCOUNTANCY OF REVENUES AND EXPENDITURES IN THE ROMANIAN MAYOR’S HALLS

Our study presents the accountancy and the analysis of the revenues and expenditures to a commune hall from Romania. The mayor’s hall is a local organism of the administrative power in municipalities, cities and communes. The accountancy is kept in mayor’s halls on revenue groups, depending on their nature and source and on expenditure groups, depending on their nature and destination. In 2017 and 2015, the wage expenditure and the expenditure for the social contributions of the staff were the highest for the 5 analysed years. We observed a surplus only for these years. In 2016, 2014, 2013, a deficit is registered because the operational expenditure was higher than the operational revenue. The study approaches the notions of revenue and expenditure in a commune hall and analyses the structure of the revenues and expenditures in a commune hall, as well the notion of performance for a commune hall