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The Importance of Non-Financial Information in Financial Situations for the Sustainability of the National Economy

Author

Listed:
  • Cristina-Elena Florea (Poenaru)

    (“Valahia†University of Târgoviște, Romania)

  • Gabriela Constantin (Anghel)

    (“Valahia†University of Târgoviște, Romania)

Abstract

The purpose of this article is to draw attention to the importance that must be given to the introduction in the financial statements of economic entities of non-financial information related to the sustainable development of the economy by means of a system for reporting the status of the implementation of environmental standards. Because lately the most serious problem facing humanity is the effects of climate change produced by environmental pollution, I believe that environmental standards must be implemented in every organization. A society that respects itself, also respects the environment and must contribute to removing the effects that affect it. The results of the study indicate that the companies that have implemented environmental standards are in a small percentage of less than 30%, which urgently requires the introduction of mandatory environmental standards into the national legislation and their reporting in the financial statements depending on the impact of the activity carried out of society on the environment.

Suggested Citation

  • Cristina-Elena Florea (Poenaru) & Gabriela Constantin (Anghel), 2022. "The Importance of Non-Financial Information in Financial Situations for the Sustainability of the National Economy," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 857-862, Decembrie.
    • Handle: RePEc:ovi:oviste:v:xxii:y:2022:i:2:p:857-862
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    References listed on IDEAS

    as
    1. Maria Berheci, 2006. "Obiectivele situatiilor financiare, limitele si caile de imbunatatire a continutului acestora," Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice (1954-2015), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 52, pages 48-52, November.
    2. Stefan Veronica & Radu Valentin, 2016. "Alternative Methods for Business Process Planning," Valahian Journal of Economic Studies, Sciendo, vol. 7(2), pages 87-96, December.
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      More about this item

      Keywords

      non-financial information; financial statements; sustainable development; sustainable economy;
      All these keywords.

      JEL classification:

      • 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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