A new approach on evaluation and accounting information specific to bankruptcy

Daniel Goagr and Laura GIURC- Vasilescu ()
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Laura GIURC- Vasilescu: University of Craiova

Annals of University of Craiova - Economic Sciences Series, 2009, vol. 1, issue 37, 182-191

Abstract: An entity may experience minor difficulties, but it may face also crisis situations, which most often are the result of a long process of depreciation of their economic and financial condition. In specific circumstances (such as the financial crisis) all entities can face difficulties: the small or the big ones, entities that have a long history or young ones, entities that activate in developed economies or in emergent ones. Economic difficulties may be defined by structural or chronic losses. Thus, that organization is no longer profitable and generates an excess of expenditure over income. Therefore, it is not easy to delimitate the stages of a common and uniform process for all entities with a difficult economic-financial situation. These are the reasons for addressing degradation stages of economic and financial situation of the entity as an important criterion in the choice of diagnostic methods to entities in need, but also for the strategic orientation.

Keywords: accounting; bankruptcy; crisis (search for similar items in EconPapers)
JEL-codes: G33 M41 O16 (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:1:y:2009:i:11:p:182-191

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