Annual Financial Statements and the Financial Information Supply

Genu Alexandru Cãruntu () and Loredana Ciurlãu ()
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Genu Alexandru Cãruntu: Faculty of Economics, ,,Constantin Brâncu?i” University of Târgu Jiu
Loredana Ciurlãu: Faculty of Economics, ,,Constantin Brâncu?i” University of Târgu Jiu

Ovidius University Annals, Economic Sciences Series, 2015, vol. XV, issue 2, 398-401

Abstract: Financial statements are a structural representation of the financial position, financial performance and cash flows of an enterprise. Their main objective is to provide useful information to a wide range of users as possible in order to enable economic decisions. The information provided allows making projections about future cash flows, in particular relating to the maturity and the likelihood of their realization. Financial situations can be compiled the results obtained from the use of economic resources managed by the management company. Financial statements must present the financial position at the end of the period, the net result of the period, change in capital and reserves along the year, cash-flow, dividends distributed during the year and notes the annexes. In Romania, according to the new regulations, financial statements consist of: the balance sheet, the profit and loss account, statement of changes in equity, cash flow statement, accounting policies and explanatory notes.

Keywords: cash-flow; annual reports; the balance sheet; the profit; loss account (search for similar items in EconPapers)
JEL-codes: E44 (search for similar items in EconPapers)
Date: 2015
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