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Financial Risk Evaluation in the Context of International Accounting Normalization

Author

Listed:
  • Victor Munteanu

    ()

  • Lavinia Copcinschi

    ()

  • Anda Laceanu

    ()

  • Carmen Luschi

    ()

Abstract

Within the framework of the normalization phenomenon, the quality of the accounting information has improved as the companies have stepped up with their competitiveness parameters; compared to the opponents on the local and international markets by means of the accounting information they have access to. The main explanation of the phenomena of normalization, harmonization, convergence, internationalization is the augmentation of the global processes of the international markets, capital and the national economies that verge on to building a single system from the perspective of the global economic development. The exposure on the financial markets has an impact upon most organizations, either direct or indirect. When an organization is visible on the financial markets, it is very likely to have losses but also gains or profit. This specific exposure is the venue to strategic or competitive benefits.

Suggested Citation

  • Victor Munteanu & Lavinia Copcinschi & Anda Laceanu & Carmen Luschi, 2015. "Financial Risk Evaluation in the Context of International Accounting Normalization," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 7(1), pages 14-16, March.
  • Handle: RePEc:khe:journl:v:7:y:2015:i:1:p:14-16
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    File URL: http://orizonturi.ucdc.ro/arhiva/khe7nr1/munteanu1.pdf
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    More about this item

    Keywords

    Accounting normalization; financial situations; convergence; International Standards of Accounting and Reporting; financial risk Journal: Knowledge Horizons - Economics;

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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