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Basics and Alternatives Concerning the Measurement of Company Performances

Author

Listed:
  • Cicilia Ionescu

    (Spiru Haret University Bucharest, Romania)

  • Cornel Ionescu

    (Spiru Haret University Bucharest, Romania)

Abstract

In a competitive economy, a company's activity aims to achieve strategic objectives. Of these, two objectives: making profit and meeting the needs of a particular market segment are vital targets to maintaining the company’s market position. This requires information which reveals the company's financial position and profitability. The companies which want to be competitive must assess the company's capacity to generate positive results and cash in a reliable way. This strategy needs information on the resources used and the results obtained, but should not overlook the truth that the profit arises from uncertainty and the risk assumed by the entrepreneur. In this regard, the International Accounting Standards often use the term "probability" when referring to the recognition criteria of structures comprised in the financial statements.

Suggested Citation

  • Cicilia Ionescu & Cornel Ionescu, 2016. "Basics and Alternatives Concerning the Measurement of Company Performances," Journal of Economic Development, Environment and People, Alliance of Central-Eastern European Universities, vol. 5(2), pages 15-22, June.
    • Handle: RePEc:sph:rjedep:v:5:y:2015:i:2:p:15-22
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    File URL: http://jedep.spiruharet.ro/RePEc/sph/rjedep/JEDEP17_2Ionescu_p15-22.pdf
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    References listed on IDEAS

    as
    1. Floarea GEORGESCU & Cicilia IONESCU, 2014. "Harmonization of accounting in the process of globalization of economic activities," Journal of Economic Development, Environment and People, Alliance of Central-Eastern European Universities, vol. 3(1), pages 18-24, March.
    2. Cornel IONESCU & Cicilia IONESCU, 2015. "Internal Control - Crucial Factor in Ensuring the Quality of Financial Information," International Conference on Economic Sciences and Business Administration, Spiru Haret University, vol. 2(1), pages 163-171, December.
    3. repec:sph:rjedep:v:3:y:2014:i:1:p:19-25 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Luminita Ionescu, 2016. "The Role of Accounting and Internal Control in Reducing Bureaucracy in the Public Sector," Journal of Economic Development, Environment and People, Alliance of Central-Eastern European Universities, vol. 5(4), pages 46-51, December.

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    1. Luminita Ionescu, 2016. "The Role of Accounting and Internal Control in Reducing Bureaucracy in the Public Sector," Journal of Economic Development, Environment and People, Alliance of Central-Eastern European Universities, vol. 5(4), pages 46-51, December.

    More about this item

    Keywords

    internal control; accounting information; decision making process; utility noncompliance; credibility; accounting principles.;
    All these keywords.

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing

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