Theoretical and Applied Economics
No. 7 / 2011 (560)
The Correlation between the Conceptual System of the Political Economy and that of the Accountancy – a Solution for Reducing the Risks Connected to the Administration Activities in any Stage of the Economic
“Spiru Haret” University, Bucharest
Abstract. Some mistakes of big financial institutions caused the crise from 2008: the correlation for a long term balance in accordance with economical theory and accounting practice were not applied, not enough controll of financial flows, wrong management of very important companies, unuse of actuarial tools. Provisions for many kind of clients and the amount of assets were not bookkeept in acordance with IAS-IFRS system. It is a international collective interst about accounting of big financial institutions that manage an important part of many from international market. The analysis of the profitability-cost correlation in the development strategy of the company as part of a good management was not applied in accordance with economical theory. The fraud, including accounting fraud, was present in big institutions.
Keywords: accounting; political economy; crise; fraud; financial institution.
Contents
- Characteristics of Criteria for Selecting Investment Projects under Uncertainty
Dan ARMEANU
Adrian ENCIU
Dorina POANTA
- Online Services Management Support
for an Intelligent Locality
Lorena BĂTĂGAN
Adrian POCOVNICU
- The Meanings of “Made in Romania”
among the Romanian Consumers
Cătălin Mihail BARBU
- Forms and Strategies of the Banks to Enter on a Foreign Market
Nicoleta HURDUC
Alin NIŢU
- The European Recovery Economic Plan and Quality
of Public Finances – Instruments for Monitoring
and Improving Fiscal and Economic Systems
Mircea SOROCEANU
Carolina Daniela LUPAŞCU (SOROCEANU)
- An Optimization of the Risk Management
using Derivatives
Ovidiu ŞONTEA
Ion STANCU
- Towards to the Respiritualization
of the Economics
Constantin POPESCU
Mihaela COMĂNESCU
- Financial Crisis from the Trust and Loss Aversion
Perspective in Emerging Romanian Capital Market
Antoniade-Ciprian ALEXANDRU
Nicoleta CARAGEA
- The Contribution of the Neo-Schumpeterian Approach
to the Development of the Economic Theory:
Emphasis on the Meso-Economic Level
Radu HERMAN
Remus AVRAM
- Dobrogea as Romanian Tourism Micro-destination
Aurelia-Felicia STĂNCIOIU
Nicolae TEODORESCU
Anca-Daniela VLĂDOI
Ion PÂRGARU
Daniel MOISE