The substantiation of the financial decision at enterprise level based on policy optimization and accounting forecast

Cicilia Ionescu ()
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Cicilia Ionescu: Spiru Haret, Facultatea de Management Financiar Contabil

No 2009/81, Papers from Osterreichish-Rumanischer Akademischer Verein

Abstract: Several financial statement elements cannot be precisely evaluated, therefore it must be estimated. These estimations represent thinking processes based on assumption and future forecasts regarding the elements that can’t be precisely evaluated in the present; it represents relative measures, determined by some circumstances from a certain period. The national and international accounting settlements allow and in the same time impose reviewing all the estimations when modifications in the original circumstances occur, circumstances that are taken as a bench-mark. The estimation must be reasonably, based on professional reasoning and on a real informational system, continuously built by each entity according to the users’ informational necessities.

Keywords: accounting estimations; estimations changes; professional reasoning; reasonably estimation (search for similar items in EconPapers)
JEL-codes: B21 C81 F15 L14 M41 (search for similar items in EconPapers)
Pages: 8 pages
Date: 2009-10-12
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Persistent link: https://EconPapers.repec.org/RePEc:ris:sphedp:2009_081

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