CONTEMPORARY ECONOMY JOURNAL

5-23

Authors: Andreea Elena DREGHICIU

In the economical environment, accounting is the main information provider. Thesse information reflect an actual image only when the accounting principles, the actual regulations are kept and last but not least through the instrument of evaluation, respectively the one of reevaluation. The evaluation has always been an activity which had the capacity of significantly influencing the decisions which are made based on the information provided, no matter if it is about the traditional model based on historical cost and prudence principle, or if it about the concept of fair value brought by globalization and harmonization process. Concerning the accounting policies associated with registering the evaluation and respectively the reevaluation results, the entities have the possibilities of opting yearly for installment transfer of the reserves from reevaluation on the reported result, or making this transfer only in the moment when the immobilization is out of use, for which the reserves from reevaluation are registered. There are also situations when the entities may choose for returning at historical cost from the fair value. The purpose of this scientific approach is the one of practically and theoretically presenting both the implications which different options of the entities have, in the treatment of the reserves from reevaluation, and the return at historical price from fair value upon the information given for publishing.

40-53

Authors: Victoria POSTOLACHE, Andrei CURAC

In the contemporary economy it counts not only the production and circulation processes, but also management problems. Thus, internal control system formation acquired a great importance, whose presence in the financial sector is seen as a necessary attribute of belonging to a civilized community. Control is a class complex with multiple applications in the financial sector. In this context, the purpose of this research is to determine not only the importance control for banks, but also to achieve a qualified internal control in licensed banks.

67-82

Authors: Silvia-Elena ISACHI

The central objective of this paper is to analyse the determinants of investments, as they have been described by the economic theory specific to the field of foreign direct investments. We consider that the matter of foreign direct investments and of their determinants as one of great importance both for the Romanian economy, and for the economy of other countries. It requires elaborate and multilateral approaches, not just on the side of the investors, but also on the side of the public entities that aim to stimulate these flows. The evolution of the foreign direct investments differs from one period to another due to several factors resulting from the evolution of the economic and social systems. The multinational companies have different aptitudes in the mater of making foreign direct investments, even in countries that are equivalent in terms of attractiveness for foreign direct investments. Besides to the traditional factors pertaining to the level of the market, population size and incomes, general economic performance of the economy, there also are other factors that may influence, under specific circumstances, the size of the foreign direct investments.

88-96

Authors: Victoria IORDACHI, Angela TIMUŞ

The primary objective of fiscal administration is to encourage, facilitate and maintain a high degree of voluntary compliance by taxpayers which will allow concentrating resources on identifying and dealing with those taxpayers who fail to fully comply with their tax obligations. At the same time, for fiscal authorities tax systems based on turnover imply a high risk of evasion because taxpayers can easily submit false data. Particularly, in case of cash transactions, the problem of detecting cases of under-declaring becomes a real challenge. In foreign practice, promotion of measures to combat tax evasion is part of a wider program to support the business environment through reduction of tax burden and encouragement of payment compliance, as well as to ensure a competitive business environment, which will be undistorted by unfair competition. To accomplish this purpose, in developed countries, tax administrations have for years been appealing for technological advances implemented in private sector. At the same time, in developing countries, the opportunities that technology offers are more elusive. This article relates some of practices used by fiscal authorities to encourage tax declaring, especially by small business and self-employed, as well as measures that are based on civic consciousness.

112-125

Authors: Ion MOROZNIUC, Liliana MOROZNIUC

In this publication the author describes a brief history of the business and analyzing the situation in the SME segment of Moldavian business, identify problems and propose some solutions. The economic development of society largely depends of economic successes of the business units on and the entities’ development depend on of business environment existing in the country (favorable or unfavorable).

134-185

Authors: Nicoleta PAVEL

Changes after 1989 in the economic, social and political developments have imposed rapid and regulatory environment, including the accounting firms. The existence of a variety of economic and financial operations carried out by companies imposed their rules in accounting terms, achieving a process of assimilation to the provisions of IFRS in Romanian accounting standards. This made possible the gradual assimilation of understanding and practice of the skilled companies of accounting rules increasingly complex and even switching to the application of IFRS as accounting basis. To analyze the impact of transition to IFRS application as accounting basis on the value of assets and equity comparing the information submitted by companies according to IFRS with those determined for the same period according to accounting regulations applicable prior to the transition to IFRS (regulations complying with European directives ). The results of research conducted on the information contained in the financial statements prepared by fifteen companies, considered representative, have highlighted the fact that the transition to the application of IFRS as the basis of accounting did not significantly affect the total value of assets of these, but caused some reclassifications between different categories assets and some value adjustments. However, analysis of equity resulting from the application of IFRS has revealed that restatements made were not significantly affected equity in their entirety, with changes in their structure. The graphs shown in Annex highlight comparatively assets and equity according to IFRS and Order no. 3055/2009, as amended and supplemented.

196-204

Authors: Osama AARAR

Research investigated gaps in achievements between Jewish and Arab pupils in Israel. Research questions were: Were there significant differences in grades attained by Jewish and Arab pupils in Israel in PISA 2009 tests? Was there a correlation between the socio-economic index measured by the PISA program, and grades attained in PISA 2009 tests? Was there a correlation between the mean grades in the PISA 2009 tests and the overall organizational status of Jewish in comparison to Arab schools? Quantitative data were collected with questionnaires for pupils and principals developed by the PISA program. Data-analysis indicated significant positive correlations of the pupils’ grades with the combined socio-economic index of the school pupils, and with the school climate. Positive correlations were found with the quality of educational resources and extent of school independence in allocation of resources. Pupils’ achievements in the Jewish sector in reading were significantly higher than pupils’ achievements in the Arab sector. Achievements of pupils from socio-economic strata above the median were higher than those of pupils from socio-economic strata below the median. The research contributes knowledge regarding factors leading to gaps in learning achievements, between different sectors. Intensive activity is needed to reduce these gaps.

219-227

Authors: Cătălin GRĂDINARU, Sorin-George TOMA

A key success factor in services marketing is the manner in the extended marketing mix is applied. Services, defined as activities offered on the marketplace, are difficult to evaluate from a qualitative point of view, contain only a few tangible components and cannot be stored. Due to specifics related to services such as intangibility, heterogeneity, production-consumption inseparability and perishability, distinctions had to be made so that they would distinguish themselves from products. Thus, the notion of traditional marketing mix (place, price, product, promotion) was adapted for services and specialists introduced the notion of extended marketing mix by adding three new components: people, physical evidence and process. The aim of our paper is to highlight the specifics and analyze the components of the extended marketing mix within the Catalonian business El Celler de Can Roca, the world’s best restaurant in 2015, according to the Michelin Guide. The paper’s research methodology is literature review.

239-243

Authors: Carmen RĂDUȚ, Marius SPINCIU

Financial Management Software is a financial consolidation and reporting application built with advanced Web technology and designed to be used and maintained by the finance team. It provides financial managers the ability to rapidly consolidate and report financial results, meet global regulatory requirements, reduce the cost of compliance and deliver confidence in the numbers. Your organization can improve its consolidation process and reporting as well as reduce inconsistent data and regulatory compliance risk. Accounting means to assign the correct numbers to the correct accounts in the correct time period. Consolidation means to combine the accounts of several entities according to accounting rules.In this case an extremely important is to ensure security. Application security is the security within an application. Security prevents two types of errors: intentional and accidental.