Discounting and Lumping – Financing Methods for External Commerce Operations in the Current Context of Worldwide Economic Crisis. Accounting Treatment

Ionela Pravat ()

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 1, 1617-1621

Abstract: For companies which undertake and manage international business, a problem which needs solving, especially in the context of the current global economic crisis, is related to ensuring the financing of external economic transactions. The accomplishment of this goal has led to the emergence and development, among commercial credit relations - connected to external commerce and not only to it - of some efficient forms of mobilizing trade effects like lumping and discounting. Therefore, this article aims to describe a series of basic aspects which characterize the two types of financing external economic transactions, to present comparatively the major differences between them, and to present a model of reflecting the operations related to discounting and lumping in accounting documents.

Keywords: external trade; financing; discount; lumping; accounting. (search for similar items in EconPapers)
JEL-codes: M41 P33 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:12:p:1617-1621

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