 CASH FLOW – LEVER FOR CONTINUING ACTIVITY - IN DECLINE PERIODCristina Lucia Balaban ()
No 2009/74, Papers from Osterreichish-Rumanischer Akademischer Verein Abstract: Few months ago we were witnesses to an economical decline that started in USA but having influences all over the world. Starting from that moment (October 2008), all specialists and politicians were making a similitude between this crisis and The Great Depression from 1929, the biggest crisis from the economical and commercial history. And as long as, generally talking, history is repeating times to times, this similitude seems to be real, but there are some aspects which presents how the economy may fall even if exists a strong globalization process. I took in consideration the most important aspect of decline economical period. This is represented by having “cash” – a strong treasury situation as a solution of raising companies, firms, people and economy. In this context, I’m going to purpose another way of recording those operations which are involving cash, by implementing some new accounts (in the classes 5th) for express the treasury situation for a company. Also in the end is demonstrates the cash flow and cash accounting utility for a big company from Romania. Keywords: cash accounting; accruals; economic decline; recession; expansion (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ris:sphedp:2009_074 Access Statistics for this paper More papers in Papers from Osterreichish-Rumanischer Akademischer Verein Kuhn Platz 6 Wien. Contact information at EDIRC. |
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