THE ANALYSIS OF THE COMPANY’S FINANCIAL POSITION WITHIN THE CONTEXT OF CLIMATE CHANGE

Willi Pãvãloaia (), Marius-Dumitru Paraschivescu (), Gabriela-Daniela Bordeianu () and Florin Radu ()
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Willi Pãvãloaia: George Bacovia University, Romania
Marius-Dumitru Paraschivescu: George Bacovia University, Romania
Gabriela-Daniela Bordeianu: George Bacovia University, Romania
Florin Radu: George Bacovia University, Romania

EuroEconomica, 2009, issue 1(22), 16-34

Abstract: The financial impact of environment destruction is very important, and entities have to present information concerning the implemented environmental policies, objectives and programs, the expenses made in this field, the met ecological risks. Accounting is the main source of information that allows the estimation of an entity’s value, and as a consequence, it is necessary that it reflects the environment aspects that certainly have significant financial consequences. The utility of the information concerning the economic resources controlled by the company and their modification in the past consists in the possibility of anticipating the company’s capacity to generate liquidity in the future as well as the evaluation the management’s administrative skills.

Keywords: environmental protection; accounting; expenses; liquidity indicators; risk indicators; profitability indicators (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:dug:journl:y:2009:i:1:p:16-34c:dug:journl:y:2009:i:1:p:16-34

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