Financial Risk Evaluation in the Context of International Accounting Normalization

Victor Munteanu (), Lavinia Copcinschi (), Anda Laceanu () and Carmen Luschi ()

Knowledge Horizons - Economics, 2015, vol. 7, issue 1, 14-16

Abstract: Within the framework of the normalization phenomenon, the quality of the accounting information has improved as the companies have stepped up with their competitiveness parameters; compared to the opponents on the local and international markets by means of the accounting information they have access to. The main explanation of the phenomena of normalization, harmonization, convergence, internationalization is the augmentation of the global processes of the international markets, capital and the national economies that verge on to building a single system from the perspective of the global economic development. The exposure on the financial markets has an impact upon most organizations, either direct or indirect. When an organization is visible on the financial markets, it is very likely to have losses but also gains or profit. This specific exposure is the venue to strategic or competitive benefits.

Keywords: Accounting normalization; financial situations; convergence; International Standards of Accounting and Reporting; financial risk Journal: Knowledge Horizons - Economics (search for similar items in EconPapers)
JEL-codes: G32 M41 (search for similar items in EconPapers)
Date: 2015
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