The golden rule of financial equilibrium state the noncurrent resources should finance noncurrent assets and current resources should finance current assets. Managing working capital suppose to provide cash, which is indispensable for a company to run its day-by-day activities. The main aim of...

The major changes that took place in the last decades in the European economic environment, prompted by the deregulation of the financial markets, the European integration process and lately by the financial crisis started in 2007 have determined also shifts in the corporate governance models...

Credit risk is one of the most important aspects that need to be considered by financial institutions involved in credit-granting. It is defined as the risk of loss that arises from a borrower who does not make payments as promised. For modelling credit risk there are two main approaches: the...

An increasing interest in public funded projects is emphasised during the last period. Monitoring and evaluation represent two of the main activities included in the project cycle. Understanding the concepts and the reason of performing them with due diligence contribute to a successful...

The article theme is part of the area of financial investigation processes and phenomena occurring at the micro level that focus on effective financial bank interest expenses. Throughout the article we try to show ways of influence and effectiveness of these expenditures that may influence to...

The activity of any trade businesses is subjected to risk of exploitation or economic since it can not predict with certainty the various components of its outcome (cost, quantity, price) and of the operating cycle (purchases, sales). Sales condition the activity across the enterprise, their...

The economic and financial evaluation of industrial investment projects in developed countries with market economy is based on the combined use of traditional and modern, rational methods, characterized by the scientific and reliability, tested and validated by long practice. This article...

The budget process has an important role in planning the economic and financial activity for the future. It consists in formulating a plan that contains elements that are connected with the main objectives of the company. To meet these objectives it is required a precise specification of them...

There are two points of view on the performance of the public administration: an internal one, governed by the principle of the three “E”’s and an external one, a measure of the public accessibility to the civil service. The problem with these two points of view in that, although they show...

Financial balance sheet approach allows emphasizing the relationship between sources of funds held by the enterprise and allocating these funds. It is the accounting records that describe the synthesis of assets and liabilities of the company at year end and the other cases provided by law, all...