PROVISIONS – ACCOUNTING TOOLS OF RISK MITIGATION ECONOMIC

Lucica SINTEA (anghel)
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Lucica SINTEA (anghel): Universitatea din Craiova, Universitatea Andrei Saguna din Constanta

Management Intercultural, 2016, issue 36, 209-212

Abstract: Provisions represent a defense of the economic entity against the risks they may face. These have an important role in funding decisions that will be taken in future when it is desirable an absorption fusion in the establishment or when it is desirable concluding contracts and /or commercial banking. As more provisions are created, even more protected, the company credibility with partners is higher. Any investor is interested in the transparency of accounts as they are the real economic picture of the entity and the basis from which to start making management decisions. Constituting provisions is accomplished after the inventory of patrimonial.

Keywords: Risks; Economic crisis; Accounting; Measurement; Control (search for similar items in EconPapers)
JEL-codes: D04 H23 H30 M21 (search for similar items in EconPapers)
Date: 2016
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