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The Role Of The Financial-Accounting Diagnosis In The Monitoring Of The Financial Health Of The Economic Entities

Author

Listed:
  • HADA IZABELA DIANA

    (1 DECEMBRIE 1918 UNIVERSITY OF ALBA IULIA)

  • HINT (STEFAN) MIHAELA

    (1 DECEMBRIE 1918 UNIVERSITY OF ALBA IULIA)

Abstract

Financial accounting diagnosis is a process, a complex action that involves the identification of the existing dysfunctions at the entity level, the calculation, the measurement and the determination of their influence on the economic-financial activity, but most importantly the prescribing the therapy, or eliminating potential disturbing factors. The purpose of this article is to illustrate the role of financial-accounting diagnosis in monitoring the health status of economic entities. The research results highlight the major importance of diagnosis as a complex tool for verifying the functionality of an entity used to identify elements that impede the proper course of action by identifying signs of aggravation of the financial health of the entity and prescribing the treatment necessary to carry out within normal limits activity and improvement, providing a specialized insight into the entity's course over a given period. Diagnosis is an important activity that should be done at the level of each entity throughout the entire economic activity, thus leading to the good course of activity.

Suggested Citation

  • Hada Izabela Diana & Hint (Stefan) Mihaela, 2019. "The Role Of The Financial-Accounting Diagnosis In The Monitoring Of The Financial Health Of The Economic Entities," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 122-127, June.
    • Handle: RePEc:cbu:jrnlec:y:2019:v:3:p:122-127
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    References listed on IDEAS

    as
    1. Izabela Luiza POP, 2017. "Financial Diagnosis as a Tool of Improving the Performance of an Organisation," North Economic Review, Technical University of Cluj Napoca, Department of Economics and Physics, vol. 1(1), pages 291-302, October.
    2. Cristian Ionel VĂTĂŞOIU & Mihaela GHEORGHE & Ioan Dumitru MOTONIU & Ileana Sorina (Rakos) BOCA, 2010. "Accounting information - the base of financial analysis in investment decisions," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 244-254, December.
    3. Riana Iren RADU & Iuliana Oana MIHAI, 2012. "Economic and Financial Diagnosis - Fundamental Method in Management Accounting," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 391-394.
    4. Vasile DEAC & Florin Alexandru DUNÃ, 2012. "Diagnosis Of The Internal Strategic Context Of The Company Strategic Analysis," Business Excellence and Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 2(2), pages 25-34, June.
    Full references (including those not matched with items on IDEAS)

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