PARTICULARITIES OF THE FINANCIAL ACCOUNTING ACTIVITY IN ECONOMIC ORGANIZATIONS

Ion Croitoru (), Viorica Neacsu () and Silvia Minciuna ()
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Ion Croitoru: Athenaeum University, Bucharest, Romania
Viorica Neacsu: Valahia University of Targoviste, Romania
Silvia Minciuna: Valahia University of Targoviste, Romania

Internal Auditing and Risk Management, 2022, vol. 65, issue 1, 47-54

Abstract: Financial-accounting activity is the instrument within an organization that seeks economic, financial, and asset management. It is important because of the information it manages, information that is at the disposal of the management helps shape the management strategy, policies and decisions. In this respect, an organization's transactions and economic operations are subject to registration in the financial-accounting activity, in compliance with certain accounting principles, rules, and rules. The financial and accounting activity provides information to the management on the implementation of the revenue and expenditure budget, the patrimony under management, the patrimonial outcome, the cost of the programs approved by the budget, as well as information on the annual general execution budget of the organization’s budget. The organization of financial and accounting activity is mandatory for all organizations and its implementation involves recording all the economic operations carried out by an organization using the accounts provided for in the General Accounting Plan, which is in line with international accounting standards and the European accounting system.

Keywords: financial-accounting activity; financial accounting; management accounting; financial-accounting methods; economic organization; economic operations; accounting principles; transactions; financial statements (search for similar items in EconPapers)
JEL-codes: M4 M41 M42 (search for similar items in EconPapers)
Date: 2022
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