OBJECTIVES AND PARTICULARITIES OF DECISIONS IN THE CONTEXT OF CORPORATE GOVERNANCE

Corporate governance means the overall driving of the entire organization byaccepting all internal components, which work together, which eventually will be integrated in themanagement, and implemented to the risk management within the organization and financialmanagement system and internal control, including internal audit. At this time of globalization andharmonization, the accounting profession acts for the image that it deserves, fulfilling a criticalrole. Harmonization, convergence of accounting systems in service, currently must be made by themost trained professionals, under conditions of total transparency. Presently, the global economy,the influx of investment and cross-border operations in particular of the large enterprise groupsexert a strong influence on the accounting profession.accounting systems, decision processes, corporate governance, financial information.

THE POLICY OF PRICES AN IMPORTANT ELEMENT IN SUBSTANTIATION OF PENETRATION STRATEGY IN NEW MARKET SEGMENTS

Pricing policy aims to determine the price of goods and services sold by the organization. These figures have an impact over the turnover that must be higher to the total expenses for the enterprise to make profits. Therefore, it is important to know thecorporate strategy, accounting information, the need of information, users of accountancy’s products

REGULATION OF THE ROMANIAN BANKING SYSTEM. EFFECTS ON THE MARKET ECONOMY

The financial crisis of 2007 has caused a number of global changes. As was normal, financial institutions, and within those the credit institutions are getting special supervision and regulation. Especially at the level of the European Union, the regulation and supervision of the banking sector reached some limits not previously seen. The present work deals with the causes and the effects regarding the regulation of the Romanian banking system. As well it has been enumerated the main legislative acts that have a significant impact on the Romanian banking activity. We came to the conclusion that we are witnessing an overregulation, whose impact is insufficiently analyzed and that has multiple effects on the economy in a negative way. We are witnessing as well an attack on the market economy, which is still in an emerging phase in Romania. We also find that there is a tendency to offer social protection to certain categories of bank customers, without the banks having this role

SHORT INCURSION ON ANNUAL FINANCIAL REPORTS VERSUS INTERIM FINANCIAL REPORTS

Our concern for the analysis of the annual and interim financial reporting was generated by the importance that each entity must give, which in certain periods of its activity is required to give it to this strategic source of information. In each entity questions arise regarding the usefulness of the annual and interim financial reports considering: their (relatively long) preparation time, their limited character and the resources to be allocated for their preparation. Finding a common solution to these problems and implicitly increasing the interest for financial reporting, especially interim, can contribute to increasing the economic performance of the entity, either by reducing unnecessary costs (waste) of time, or by increasing communication and transparency with third parties (creditors, customers, etc.), an appropriate management can act early in the direction of counteracting the negative effects in the activity of the entity or in the direction of preventing possible commercial or production failures, on the overall economic trends in the field in question and on increasing productivity. The article is a theoretical analysis of the annual financial reports versus interim financial reports, starting from international and national regulations, usefulness of comparative data, etc., underlining the particular importance of both types of reports

DETECTION OF HEAVY METALS FROM MOLLUSCS SHELLS

This work presents aspects regarding some heavy metals (Cd, Pb, Cu and Zn) concentration in shells of different molluscs (Mytilus galloprovincialis, Rapana thomasiana, Mya arenaria, Scapharca) collected from the Romanian Black Sea Coast. The heavy metals were analysed using atomic absorption spectrometry

INVESTIGATION OF HEAVY METALS FROM SOME ALIMENTARY PRODUCTS

The presence in high amount of organic pollutants and heavy metals in environmentrepresents a potential danger for human health and for environment too. This workpresents aspects regarding the pollution with heavy metals (Cd, Pb, Cu and Zn) of some food products: caw milk, caw cheese and caw meat. The samples analysed were collected from some housekeeping of Lumina (Constanta). The heavy metals were analysed using atomic absorption spectrometry

PERFORMANCE ANALYSIS OF PHARMACEUTICAL COMPANIES DURING THE PANDEMIC CRISIS

Analysing the financial performance of companies involves examining various aspects of a company’s financial activity, including profitability, liquidity, solvency, rate of return, cash flow and debt ratio. Beside the detailed information on the financial situation of a company, the financial performance analysis can help assess a company’s potential, including its ability to meet its financial goals. The present paper performs examining of annual financial reports of three companies from pharmaceutical sector from Romania and analysing key financial indicators during three years: ante-pandemic, pandemic, post-pandemic. The crisis generated by the COVID-19 pandemic has directly influenced all economic sectors worldwide, in most cases in a negative sense. At the opposite pole, the pharmaceutical industry had the opportunity to expand and improve its performance, as a result of the constant market need for medicines and medical devices. The financial performance analysis of the three most important pharmaceutical companies from Romania provides detailed information on financial situation of these companies. The paper underlines the importance of the analysis for making investment, management and strategic decisions, but also to identify trends and risks and assess the companies’ ability to meet their goals, presiding at the same time measures for long-term business expansion in a post-pandemic environment

ANALYSIS OF THE ACCOUNTING SYSTEMS FROM ROMANIA AND MOLDOVA

Over the centuries, different countries have met their accounting systems adjusted to the economic, social and political. However, at the end of the twentieth century, it was possible to distinguish several “families” of accounting, without the researchers to reach agreement on a definitive classification of accounting systems practiced in the world. The diversity of national accounting systems put, obviously, some problems. It is, indeed, difficult to compare the financial statements of companies in different countries, which apply their national rules. With the interconnection of national economies and the growth of large financial markets at the end of the last century, these issues have gained greater acuity. It is necessary that investors can compare financial performance of firms of different nationalities. This article is trying to present and analyse the accounting systems of two neighbour countries, Romania and Moldova, in order to understand the possibility of a multinational investment

THE POLICY OF PRICES AN IMPORTANT ELEMENT IN SUBSTANTIATION OF PENETRATION STRATEGY IN NEW MARKET SEGMENTS

Pricing policy aims to determine the price of goods and services sold by the organization. These figures have an impact over the turnover that must be higher to the total expenses for the enterprise to make profits. Therefore, it is important to know th