ESTIMATING AND ACCOUNTING FOR UNCERTAINTY

Braga Filofteia Viorica, Naftanaila Alina Cristina, Soare Janina and Darie Casiana Maria
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Braga Filofteia Viorica: Spiru Haret University, Bucuresti, Romania
Naftanaila Alina Cristina: Spiru Haret University, Bucuresti, Romania
Soare Janina: Valahia University, Targoviste, Romania
Darie Casiana Maria: Academy of Economic Studies, Bucuresti, Romania

Annals - Economy Series, 2019, vol. 5, 106-118

Abstract: In this paper we will outline the main aspects by which uncertainty can be reflected in accounting through provisions for risks and expenses. The management of a company is directly involved in the production of accounting information. Therefore, they needto be careful, responsible and prudent when presenting accounting data. In the second part we analysed the prudence in evaluating and reflecting the uncertainty by analysingthe types of provisions for risks and expenses constituted and reflected in the financial statements prepared for 31.12.2018 of 40 companies listed on the AeRO market of BVB whose shares will be traded on the basis of the continuoustrading model starting July 12, 2019.

Keywords: uncertainty; risk; prudence; provisions; accounting (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2019:v:5:p:106-118

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