Informational Limits of Financial Situations
Financial reporting plays a significant role in the business environment by providing relevant information about the work carried out over a period of time by economic entities that are a starting point in setting strategies. The detailed analysis of their content allows detailing the details that c...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Ovidius University Press
2019-01-01
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| Series: | Ovidius University Annals: Economic Sciences Series |
| Subjects: | |
| Online Access: | http://stec.univ-ovidius.ro/html/anale/RO/wp-content/uploads/2020/02/Section%20V/17.pdf |
| _version_ | 1828179418226360320 |
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| author | Roxana Florina Glăvan Petru Ştefea |
| author_facet | Roxana Florina Glăvan Petru Ştefea |
| author_sort | Roxana Florina Glăvan |
| collection | DOAJ |
| description | Financial reporting plays a significant role in the business environment by providing relevant information about the work carried out over a period of time by economic entities that are a starting point in setting strategies. The detailed analysis of their content allows detailing the details that can favor the correct direction of the activity towards growth and development, and the forecasts made based on an economic and financial history reduce the degree of uncertainty in the economic activity and highlight the impact elements at the micro and at macroeconomic level.
Our conclusion leads to the fact that information supplied by financial statements must be trustworthy and accurate enough at the same time. Thus the overview of the financial statement must be in compliance with the crosspoint of these two characteristics. |
| first_indexed | 2024-04-12T05:28:59Z |
| format | Article |
| id | doaj.art-80ba35549304468e86aec6bed065e2d0 |
| institution | Directory Open Access Journal |
| issn | 2393-3127 2393-3127 |
| language | English |
| last_indexed | 2024-04-12T05:28:59Z |
| publishDate | 2019-01-01 |
| publisher | Ovidius University Press |
| record_format | Article |
| series | Ovidius University Annals: Economic Sciences Series |
| spelling | doaj.art-80ba35549304468e86aec6bed065e2d02022-12-22T03:46:08ZengOvidius University PressOvidius University Annals: Economic Sciences Series2393-31272393-31272019-01-01XIX2735739Informational Limits of Financial SituationsRoxana Florina Glăvan0Petru Ştefea1West University of TimisoaraWest University of TimisoaraFinancial reporting plays a significant role in the business environment by providing relevant information about the work carried out over a period of time by economic entities that are a starting point in setting strategies. The detailed analysis of their content allows detailing the details that can favor the correct direction of the activity towards growth and development, and the forecasts made based on an economic and financial history reduce the degree of uncertainty in the economic activity and highlight the impact elements at the micro and at macroeconomic level. Our conclusion leads to the fact that information supplied by financial statements must be trustworthy and accurate enough at the same time. Thus the overview of the financial statement must be in compliance with the crosspoint of these two characteristics.http://stec.univ-ovidius.ro/html/anale/RO/wp-content/uploads/2020/02/Section%20V/17.pdffinancial reportinginformation limitsqualityqualitative financial statements |
| spellingShingle | Roxana Florina Glăvan Petru Ştefea Informational Limits of Financial Situations Ovidius University Annals: Economic Sciences Series financial reporting information limits quality qualitative financial statements |
| title | Informational Limits of Financial Situations |
| title_full | Informational Limits of Financial Situations |
| title_fullStr | Informational Limits of Financial Situations |
| title_full_unstemmed | Informational Limits of Financial Situations |
| title_short | Informational Limits of Financial Situations |
| title_sort | informational limits of financial situations |
| topic | financial reporting information limits quality qualitative financial statements |
| url | http://stec.univ-ovidius.ro/html/anale/RO/wp-content/uploads/2020/02/Section%20V/17.pdf |
| work_keys_str_mv | AT roxanaflorinaglavan informationallimitsoffinancialsituations AT petrustefea informationallimitsoffinancialsituations |