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Provisions – Accounting Tools Of Risk Mitigation Economic

Author

Listed:
  • Lucica SINTEA (ANGHEL)

    (Universitatea din Craiova, Universitatea Andrei Saguna din Constanta)

Abstract

Provisions represent a defense of the economic entity against the risks they may face. These have an important role in funding decisions that will be taken in future when it is desirable an absorption fusion in the establishment or when it is desirable concluding contracts and /or commercial banking. As more provisions are created, even more protected, the company credibility with partners is higher. Any investor is interested in the transparency of accounts as they are the real economic picture of the entity and the basis from which to start making management decisions. Constituting provisions is accomplished after the inventory of patrimonial.

Suggested Citation

  • Lucica SINTEA (ANGHEL), 2016. "Provisions – Accounting Tools Of Risk Mitigation Economic," Management Intercultural, Romanian Foundation for Business Intelligence, Editorial Department, issue 36, pages 209-212, July.
    • Handle: RePEc:cmj:interc:y:2016:i:36:p:209-212
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    More about this item

    Keywords

    Risks; Economic crisis; Accounting; Measurement; Control;
    All these keywords.

    JEL classification:

    • D04 - Microeconomics - - General - - - Microeconomic Policy: Formulation; Implementation; Evaluation
    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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