Valences and Informational Limits of the Financial Statements Prepared by Romanian Smes in the New Resilient Context

Authors

  • Marilena Zuca Romanian - American University
  • Victor Munteanu Valahia University of Targoviste
  • Janina Soare Valahia University of Târgoviște
  • Magdalena Danescu
  • Alice Tinta
  • Adriana Paduraru (Horaicu)

Keywords:

SME; financial and non-financial information; financial performance; sustainable development; digitization

Abstract

The analysis and interpretation of the financial-accounting information presented in the financial statements of an entity have played a special role over the years and are the subject of numerous studies and articles. The objective of this article is to provide an analysis of the potential relations between financial-accounting information and the visibility of SMEs' activity. In this context, we tried to show that: 1. the analysis of the financial-accounting information provided by SMEs is a relevant and effective tool for the social partners; 2. information provided by SMEs adds value to their activity in terms of sustainable development and social responsibility, in the context of the digitalisation of the economy and society; and 3. external communication of information provided by SMEs contributes to the reactivity of public authorities to their needs.

Author Biographies

Marilena Zuca, Romanian - American University

Ph.D. Associate Professor – Department of Finance, Credit, Accounting

Victor Munteanu, Valahia University of Targoviste

Professor Ph.D. - Doctoral School of Economics and Humanities

References

1. Iosif, G., N., 2019, Analiza Cifrei de afaceri a unei întreprinderi, Tribuna Economică, no.11, Bucharest, March 13, 2019.
2. Yin R.K., 2005, quoted in Ristea A.L., Franc V.I., 2009, Research methods and strategies, Expert Publishing House, Bucharest.
3. Tudose, M. B., 2006, Gestiunea capitalurilor întreprinderii Optimizarea structurii financiare, Economic Publishing House, Bucharest.
4. Law no. 346 of July 14, 2004 on stimulating the establishment and development of small and medium enterprises, updated, published in the Official Gazette, Part I, no. 681 of July 29, 2004.
5. OMPF no. 1802/2014 for the approval of the accounting regulations regarding the individual annual financial statements and the consolidated annual financial statements, published in the Official Gazette, Part I, no. 963 of December 30, 2014.
6. OMPF no. 668/2014 for the approval of the specifications regarding the elaboration and updating of the centralized inventory of the real estate privately owned by the state and of the real rights subject to the inventory, published in the Official Gazette, Part I, no. 374 of May 21, 2014.
7. Directive 2014/95/EU of the European Parliament and of the Council amending Directive 2013/34/EU as regards the submission of non-financial and diversity information by certain large companies and groups.
8. National Council of Private Small and Medium Enterprises in Romania (CNIPMMR), Research Report XVIII, 2020 edition, White Paper on SMEs in Romania.
9. National Council of Small and Medium Private Enterprises in Romania , Government Program 2021-2024 of the business environment.

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Published

2022-03-17

How to Cite

Zuca, M., Munteanu, V., Soare, J., Danescu, M. ., Tinta, A., & Paduraru (Horaicu), A. (2022). Valences and Informational Limits of the Financial Statements Prepared by Romanian Smes in the New Resilient Context: Array. Acta Universitatis Danubius. Œconomica, 18(2). Retrieved from https://dj.univ-danubius.ro/index.php/AUDOE/article/view/1660

Issue

Vol. 18 No. 2 (2022)

Section

Business Administration and Business Economics

License

Copyright (c) 2022 Marilena Zuca, Victor Munteanu, Janina Soare, Magdalena Danescu, Alice Tinta, Adriana Paduraru (Horaicu)

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

The author fully assumes the content originality and the holograph signature makes him responsible in case of trial.