ACCOUNTING PRACTICES FOR ADJUNSTING THE ENTITY’S RESULTS
Keywords:
accounting practice, accounting policy, results, adjustingAbstract
An enterprise’s financial result is the main source of information for all those
interested in the company’s activity. As a result of being normalized and audited, the
information offered by accounting receives the “social recognition”, recognition
which allows them to be used to evaluate the enterprise’s activities and
performances. Although there are accounting laws, the options and/or the
imprecision in the accounting texts allow for the possibility to manipulate the
financial result and the content of the financial statements Within the liberty offered
by the different source of accounting law, the enterprises can choose between the
options which are at the base of presenting the financial statements. The choices
made by the enterprise’s management with the purpose of modeling in a legal way,
the presentation and the content of the financial statements are known as accounting
policy. Within an enterprise, developing the accounting policies represent a primary
aspect, because applying these policies determine a high degree of financial
information relevance and lead to better management choices.
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Ordinul Ministrului Finanţelor Publice nr. 1752/17.11.2005 pentru
aprobarea Reglementărilor contabile conforme cu Directivele Europene.
