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Accounting Practices During The Economic Crisis

Author

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  • Erincz, Alicia

    (University “Lucian Blaga”, Sibiu, România)

Abstract

The economic crisis can be defined as a sudden disruption of the economic conditions, a situation wherein a country's economy is experiencing a significant drop in activity, driven by a financial overset. Coping with an economic crisis, is also to withstand a drop in the gross domestic product, lower liquidity and price increases due to inflation Responsibility of the accounting policies is to ensure that the business has a real benefit for reimbursement of the investment made. It is therefore imperative that in time of crisis, this important feature of accounting policies to help in solving business problems related to pressures arising from the crisis. This article aims to analyse accounting practices during important times of crisis respectively the Great Recession of 1930 and 2008 Global Economic Crisis..

Suggested Citation

  • Erincz, Alicia, 2017. "Accounting Practices During The Economic Crisis," Management Strategies Journal, Constantin Brancoveanu University, vol. 35(1), pages 136-142.
    • Handle: RePEc:brc:journl:v:35:y:2017:i:1:p:136-142
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    References listed on IDEAS

    as
    1. Eaton, Sarah B., 2005. "Crisis and the Consolidation of International Accounting Standards: Enron, The IASB, and America," Business and Politics, Cambridge University Press, vol. 7(3), pages 1-18, December.
    2. Eaton Sarah B., 2005. "Crisis and the Consolidation of International Accounting Standards: Enron, The IASB, and America," Business and Politics, De Gruyter, vol. 7(3), pages 1-20, December.
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    More about this item

    Keywords

    Economic crisis; accounting policies; investment; recession;
    All these keywords.

    JEL classification:

    • B2 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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