Monitoring of the Economical-Financial Outcomes in the Context of the Exigencies of the Corporate Governance through the Budget System

Mirela Niculae ()

Academic Journal of Economic Studies, 2015, vol. 1, issue 4, 67-79

Abstract: According to the meaning of the phrase “to govern means to provide”, the performance instrument of the financial provision on the level of an entity is the budget system. The monitoring of the economical-financial outcomes to the entity level is made through the budgetary control, therefore identifying the deviations between the provisioned statement and the achieved statement. There is mentioned that the accounting patterns provide assessment policies in the made survey, and the application of the international financial reporting standards (IFRS) there is provided good corporate governance, indispensable to the dynamic and complex environment in which the entities develop their business. The modeling of the outcomes through the Profit and Loss account, as main instrument of emphasizing the achievements of the entity can be made also through the interim management sold, as indexes under the form of margins emphasizing another grouping way of the revenues and expenses corresponding to the entity’s business.

Keywords: Budget systems; corporate governance; interim management sold; IFRS; profit and loss account (search for similar items in EconPapers)
JEL-codes: G34 M41 M48 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (1)

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