INTERNATIONAL PAYMENT METHODS AND TECHNIQUES FROM THE ACCOUNTING PERSPECTIVE

Adriana Iota, Magdalena Mihai and Oana Staiculescu
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Adriana Iota: Faculty Of Economics And Business Administration UNIVERSITY OF CRAIOVA, CRAIOVA, ROMANIA
Magdalena Mihai: Faculty Of Economics And Business Administration UNIVERSITY OF CRAIOVA, CRAIOVA, ROMANIA
Oana Staiculescu: Faculty Of Economics And Business Administration UNIVERSITY OF CRAIOVA, CRAIOVA, ROMANIA

Annals - Economy Series, 2013, vol. 4, 127-131

Abstract: The starting point in our study regarding the international payment methods and techniques is the idea according to which the international settlements are based on uniform fundament rules set by the states that take part in international trade. Since the world economy and especially the international trade have evolved, these rules are changed and adapted to international trade necessities resulted from international trade. The importance of the topic consists in the idea that companies in our country are increasingly adopting, international trade activities. For this reason, in this paper we will conceptually determine the methods for international settlement, as well as present the accounting consequences regarding the international trade activity settlement. It is necessary to study the accounting implications that regard the management of collection and payment activities in the intra- and extra-community trade since international trade as well as European and international influences in national accounting regulations have been developed in our country.

Keywords: international payment methods; letter of credit; advance payments (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2013:v:4:p:127-131

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