ACCOUNTING INFORMATION-SOURCE OF DATA IN THE DECISION PROCESS ON THE FINANCIAL POSITION OF THE COMPANIES IN THE HOTEL SECTOR LISTED ON THE BUCHAREST STOCK EXCHANGE

Petronela Vultur ()
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Petronela Vultur: Stefan cel Mare University of Suceava, Romania

The USV Annals of Economics and Public Administration, 2020, vol. 20, issue 1(31), 187-196

Abstract: One of the most important concerns of the managers, as a strategic user of the accounting information, is that in the elaboration of the set of financial statements, the accounting principles and procedures are respected, the accounting information is efficient, useful and represents exactly the situation of the economic entity. Through this article, as a main purpose I proposed an analysis of 10 entities in the hotel sector, listed on the Bucharest Stock Exchange, for the period 2013-2018, based on the information in the balance sheet. Thus, by studying the specialized literature, we highlighted the current state of knowledge in the field, then we calculated the indicators global solvency, general liquidity and indebtedness, for the 10 economic entities, to analyze their ability to pay long-term liabilities, short-term liabilities and the risk associated with non-payment of financial commitments on time. The conclusion is that tourism entities are very careful when contracting long-term obligations, as their main source of activity financing. Regarding the degree of indebtedness, the risk associated with the non-payment of the financial commitments on time is low, this avoids the request of external sources of financing, except doing only when major investments occur, implementation of new projects, or other high financial efforts for the entity.

Date: 2020
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