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Monitoring of the Economical-Financial Outcomes in the Context of the Exigencies of the Corporate Governance through the Budget System

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  • Mirela Niculae

Abstract

According to the meaning of the phrase “to govern means to provide”, the performance instrument of the financial provision on the level of an entity is the budget system. The monitoring of the economical-financial outcomes to the entity level is made through the budgetary control, therefore identifying the deviations between the provisioned statement and the achieved statement. There is mentioned that the accounting patterns provide assessment policies in the made survey, and the application of the international financial reporting standards (IFRS) there is provided good corporate governance, indispensable to the dynamic and complex environment in which the entities develop their business. The modeling of the outcomes through the Profit and Loss account, as main instrument of emphasizing the achievements of the entity can be made also through the interim management sold, as indexes under the form of margins emphasizing another grouping way of the revenues and expenses corresponding to the entity’s business.

Suggested Citation

  • Mirela Niculae, 2015. "Monitoring of the Economical-Financial Outcomes in the Context of the Exigencies of the Corporate Governance through the Budget System," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 1(4), pages 67-79, December.
    • Handle: RePEc:khe:scajes:v:1:y:2015:i:4:p:67-79
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    References listed on IDEAS

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    Cited by:

    1. Raluca Ivan, 2015. "An Internal Audit Perspective on Differences between European Corporate Governance Codes and OECD Principles," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 1(4), pages 80-90, December.

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    More about this item

    Keywords

    Budget systems; corporate governance; interim management sold; IFRS; profit and loss account;
    All these keywords.

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation

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