KNOW-HOW PRESENT STATUS OF INSURANCES DOMAIN FROM THE PERSPECTIVE OF MANAGERIAL ACCOUNTING

Monica Ioana Toader (), (CROITORU) Adriana Ioana Filip (), Diana-Nicoleta Georgescu () and (ROSCA) Mihaela Gabriela Todrican ()
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Monica Ioana Toader: 1 December 1918 University of Alba Iulia, Doctoral School / Accounting
(CROITORU) Adriana Ioana Filip: Universitatea Valahia din Targoviste, Romania, Doctoral School - Scoala Doctorala de Stiinte Economice si Umaniste / Management
Diana-Nicoleta Georgescu: Universitatea Valahia din Targoviste, Romania, Doctoral School - Scoala Doctorala de Stiinte Economice si Umaniste / Management
(ROSCA) Mihaela Gabriela Todrican: Universitatea Valahia din Targoviste, Romania, Doctoral School - Scoala Doctorala de Stiinte Economice si Umaniste / Management

Annals of Faculty of Economics, 2019, vol. 1, issue 1, 194-202

Abstract: The aim of this paper is to highlight the field of insurances, whereas the author will present certain important aspects regarding their importance, in order to achieve a more efficient management accounting. Insurances represent an essential element of the market economy mechanism, which contributes to the country’s economic development and to the improvement of the external economic affairs. Every human being acknowledges the need to protect and to purchase insurances, as an individual and optional act, mainly determined by objective factors- economic, financial, social, family and educational factors- as well as subjective factors- their previous experiences, considering the advantages and the protection offered by the insurances. In the present days, it is noteworthy that the insurances- depending on the economic life, the real estate and the movable assets, the international trade, the continuous assets flaw, values and people- have registered an obvious tendency of augmentation, a fact which has positively influenced the evolution of reinsurances. The aim of the management accounting is to measure the performance: the money, the payment and return as cash payment time. Management accounting holds the key to one problem, and that is the future. It is said that, if through financial accounting we are informed about the past and what has happened, managerial accounting deals with the future and with what it is going to happen. The field of insurances is vast, where management accounting makes its presence sensed, where it aims to obtain a clear evidence for the future on the insurances’ route.

Keywords: insurances; market; management accounting (search for similar items in EconPapers)
JEL-codes: M10 M21 M31 (search for similar items in EconPapers)
Date: 2019
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