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Annual Financial Statements as a Financial Communication Support

Author

Listed:
  • Avram Costin Daniel

    (University of Craiova)

  • Avram Marioara

    (University of Craiova)

  • Dragomir Isabela

    (University of Craiova)

Abstract

Economic entities, irrespective of their legal status, show a permanent concern forcommunicating the financial information useful to their environment. Financial communication isachieved through a variety of means, but the most relevant and credible instruments are the annualfinancial statements. Annual financial statements are synthetic documents used to provide information on thefinancial position and performance of an economic entity. The balance sheet is an important component of the annual financial statements and is used asan accounting instrument that reflects the entity's patrimony and the results of its activity during afinancial year. The new accounting regulations consider the balance sheet a synthetic instrument thatsynthesizes the financial position of an economic entity, that is to say the balance sheet gives a trueimage of the entity’s entire patrimony at a given moment.

Suggested Citation

  • Avram Costin Daniel & Avram Marioara & Dragomir Isabela, 2017. "Annual Financial Statements as a Financial Communication Support," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 403-406, June.
  • Handle: RePEc:ovi:oviste:v:xvii:y:2017:i:1:p:403-406
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    File URL: http://stec.univ-ovidius.ro/html/anale/ENG/2017/Section-V/2.pdf
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    References listed on IDEAS

    as
    1. Alexandru AVRAM & Costin Daniel AVRAM & Veronel AVRAM, 2014. "Research and development expenditures between discretionary costs and source for economic growth," Romanian Journal of Economics, Institute of National Economy, vol. 39(2(48)), pages 49-66, December.
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    Cited by:

    1. Aurelia DUMITRU & Alina Georgiana MOTOI, 2018. "The Management System Of The Operational Programs," Annals of the University of Craiova for Journalism, Communication and Management, Department of Communication, Journalism and Education Sciences, University of Craiova, vol. 4(1), pages 79-96, December.

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    More about this item

    Keywords

    financial communication; economic entities; annual financial statements; communication support;
    All these keywords.

    JEL classification:

    • G19 - Financial Economics - - General Financial Markets - - - Other
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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