CONTEMPORARY ECONOMY JOURNAL

6-12

Authors: Oana-Luminița VOICU

At the beginning of the twentieth century quality becomes a “lifestyle”, a basic component of the management in an organization. Nowadays, quality is designed as a competitive strategy in relation to: satisfying the clients’ needs, a continuous enhancing of the quality; making all the employees aware of the quality; preventing defects; the analysis of all the quality-centered activities and processes, in order to correct and adjust them. Obtaining products in accordance with quality requirements and minimal costs represent an operational objective of a firm. What costs money is non-quality. Therefore, using adequate scientific instruments to control the quality and prevent irregularities represents a major goal for an advanced modern management.

26-34

Authors: Diana-Elena TOMA (NASTASIA), Ion CUCUI, Silviu Constantin NASTASIA

Economic developments may be unpredictable for the actors of the economic environment given the fact that, during the life of an economic entity, tough situations may occur whose manifestation can be difficult to anticipate or predict. Usually, the damage to a large segment of economic entities often occurs as a result of an economic and financial crisis, but anticipating its emergence through standardized signals or indicators may not always be feasible. Such a crisis can be the result of extraordinary, unprecedented events. Given that it is impossible to accurately assess all the risks that an economic entity may face, it would be advisable for economic entities to consider ensuring the ability to adapt quickly to changes in the economic environment. Of course, a rapid adjustment requires, among other things, that economic entities regularly carry out analyzes based on the information provided by the accounting. Therefore, it is necessary to assess the risks, in addition to conventional methods, by methods of high complexity. Therefore, through this research we aimed to address the analysis and management of risks within economic entities by using models of bankruptcy risk analysis based on the score method.

45-56

Authors: Adriana PĂDURARU (HORAICU), Ana-Maria COMÂNDARU (ANDREI), Volodea MATEEVICI

Considering the more and more stringent need for economic recovery and development at a national and international level, an important role falls under the responsibility of economic entities' performance, given the more intense competition for each market segment, and the globalization mechanisms that remove the weak actors. The beginning of the third Millenium and implicitly the international financial crisis have brought to analyze numerous issues regarding the business environment and company performance. The difficulties of financial analysis in forecasting the issues that could arise have led to a reconsideration of the main concepts of: operational tools, knowledge method that imposes the establishment of economic-financial analysis type, establishing the content of the economic-financial analysis process, and finally establishing the methods and techniques of economic-financial analysis. Considering the macroeconomic evolution, we cannot ignore the social and environmental aspects that can incur loss to economic entities, especially to multinational companies, losses that can become real as: market shares and fiscal revenue decrease, less clients, various greening costs, marketing campaigns to regain the trust of consumers in their products and services. Due to all these reasons, the old tools regarding the company’s performance are no longer sufficient to determine these indicators. Now, there needs to be a clear distinction between accounting profit and economic profit. The theme of this research „The Analysis of Financial and Non-financial Indicators, Essential Component of Appreciating the Global Performance”, looks to underline one of the most important aspects of the new economic reality, marked by change, transparency, knowledge, collaboration, interactivity, but also by a special interest given to human factor.

73-85

Authors: Georgiana-Janina SOARE

The globalization of markets imposes, more than ever, competitiveness imperatives for economic entities around the world and has consequences both on the environment and on the people. In this context, there are alternatives to the sustainable development to keep environmental and social resources in optimal shape. Economic entities as major players in society must play their part and be aware of the importance of integrating actions specific to sustainable development and social irresponsibility at the strategic and decision-making level. To survive and be more competitive, they are forced to innovate and develop products that are more environmentally friendly. Social responsibility is a concern at national and international level, and the reporting of non-financial information is a result of the actions taken by economic entities in this regard.

97-105

Authors: Cristina-Cora PÎRVU

The risk of poverty and social exclusion is the usual conceptualization in the strategic social policy reports prepared by developed countries and recommended to all states of the world. Beyond the fact that this approach euphemizes the situation of chronic poverty, presenting as a risk what is a reality experienced by a significant part of the population, conceptualization ignores the antagonisms of interest in society and eliminates from the discussion some fundamental problems such as the persistence of inequality of school opportunities, the division between the primary and secondary sectors in the labor market, political representation, social polarization. I chose this theme because I wanted to discover first of all what the approach of the concept of social exclusion is and I found that the scope of this concept is quite wide, with most countries considering poverty as the embryo of social exclusion.

112-121

Authors: Alina SUSLENCO

This paper addresses the basic aspects of ensuring sustainability in higher education institutions through the development and implementation of university sustainability management that serves as a basic pillar in cultivating sustainability in higher education institutions. The relevance of the research topic derives from the need for universities to be competitive, to attract and motivate students, but also to gain the trust of stakeholders that can be guaranteed, in the 21st century, only through effective programs focused on ensuring a balance between ecological-economic-social environment. The aim of the paper is to identify the possibilities of implementing the university sustainability management in higher education institutions. The research problem is to find solutions for overcoming the main challenges faced by higher education institutions. The research question is: what is the safest way to achieve sustainability in higher education institutions. Thus, in this context, we elucidate the fact that within the universities of the Republic of Moldova it is necessary to implement effective strategies to ensure sustainability by means of implementing an efficient management aimed at achieving sustainability. The research methodology focused on the use of several methods such as: analysis, synthesis, induction, deduction, abduction, documentation, scientific abstraction. In conclusion, we can reiterate that ensuring sustainability in higher education institutions is possible due to the implementation of viable and efficient instruments that place special emphasis on the implementation of university sustainability management. Stepping firmly on the path of sustainability is possible by grounding the activity of universities on successful sustainability strategies, which must be implemented in all subdivisions, faculties, university departments.

129-133

Authors: Anda TEODORESCU

This paper aims to find out what is the school financial audit about, the role of the audits, the accountability offered by audit systems, especially in school administration, how to develop a school’s financial audit model. The need for such a study stems from the desire to provide security to all stakeholders that the funding of school education is adequate and efficient and the school account is meant to be audited. This study reveals a lack of: tehnical competence of employees, responsability assumption and ambiguous legislation. Also, the finding confirms that the school financial audit model consists of general audit standard and reporting standard. In order to avoid that the level of allocated resources directly affects the performance of the audit in schools, we recommend a regular training of accountants and auditors and to ensure a functional decentralization at the school level. An effective management system should also include internal reviews and a yearly basis–and on an as-needed basis audits to ensure accuracy and prevent fraud.

140-145

Authors: Mădălina ALBU

Defining a strategy at the level of an organization, with the role of determining the business development, is based on taking into account several determinants such as the political, social, economic, technological and commercial environment of the organization, but also the creative potential of the innovative organization. its available resources. The approach by which the employees of an organization generate useful, new, original ideas in relation to a given situation, defines creativity. In order to stimulate it, a series of methods can be used to stimulate creativity, which can be defined as a system of specific processes, oriented towards mental development, with a role in providing opportunities to try new ideas, new ways of thinking. and problem solving. These methods, widely used in innovation management, contribute to educating employees' creativity and ultimately lead to business development. This paper presents a series of theoretical and practical considerations related to the use of methods to stimulate creativity in business development.

152-158

Authors: Corina DUCU

Capitals take into account the sources of formation of the material and monetary means of the public institutions. Equity capitals represent the residual interest of the state or of the administrative-territorial units in the assets of the public institution, after having deducted all debts. As a result, they are considered their own sources of funding at the level of public institutions. The motivation for approaching the topic was given precisely by the importance and necessity of the existence of self-funding sources, in order to ensure the necessary goods for the development and growth of the institutions, in an economic climate of crisis, uncertainty and pandemic. As a result, the aim of the research is to present the structure of equity capitals found at the level of public institutions, both theoretically by treating the components and the funds of the public institutions, of the patrimonial result, of the retained earnings and the revaluation reserves, and practically, by presenting individual studies that customize the approach to this component of the public institutions patrimony.

173-180

Authors: Veronica GARBUZ, Yuriy PETRUSHENKO

The article presents an overall picture of the latest technological trends altogether referred to as the Fourth Industrial Revolution (Industry 4.0), their impact on the education and on the changing structure of the labour market, the demand for prospective skills, as well as emerging policy challenges. In order to prepare graduates for the future life and work done by Industry 4.0, where intelligent robots will replace people in certain divisions of activity, education should use relevant information and skills that cannot be replaced with robots. The paper analyzes the main trends in the labor market and formulated conclusions for future systemic approach to education, labor market and major technical and technological changes.