Papers by Marilena Roxana Zuca
The Need to Develop a Sustainable Economy in Romania
DOAJ (DOAJ: Directory of Open Access Journals), Jul 31, 2022
Applied Sciences, Jan 15, 2024
Major financial irregularities have contributed significantly to the destabilization of the world... more Major financial irregularities have contributed significantly to the destabilization of the world economy and the financial environment, by short circuiting investment flows and discrediting financial markets, with significant financial, social, and political consequences. Through the auditor's key role of providing an independent, objective and professional opinion on the correctness of financial statements, the accounting profession has promoted a new procedure, the anti-fraud audit, which is responsible solely for financial prevention and fraud detection. Fraud detection audits have a methodology and a set of customized tools that help auditors in their mission to ensure the smooth execution of their audits. The purpose of this research is to conduct a comprehensive examination of both theoretical and practical aspects, with the objective of determining the risk profile of financial fraud among auditors. This will aid in preventing, detecting, and correcting such harmful practices. Through an empirical study of a fraudulent corporate entity, the quality of information contained within financial reports will be assessed, as well as the effectiveness of managerial decision-making substantiation. The data processing was carried out using the statistical software SPSS 19.0. when making graphs and interpreting the obtained results.
Valences and Informational Limits of the Financial Statements Prepared by Romanian Smes in the New Resilient Context
DOAJ (DOAJ: Directory of Open Access Journals), Mar 31, 2022
USV Annals of Economics and Public Administration, Dec 16, 2009
The relevance of the accounting information is one of the most significant features in terms of q... more The relevance of the accounting information is one of the most significant features in terms of quality and refers to its capacity to influence investors, creditors and other users of the financial statements in their decisionmaking. A relevant piece of information helps the user assessing present, future and past events, confirming and correcting potential past errors. The information's relevance regarding a certain element which must be acknowledged in financial statements, may not be assessed distinctly, but it must be assessed within the frame of the main objective of the financial statement, namely to provide useful inf ormation for decision-making with respect to investments, financing or exploitation. Moreover, the relevance must be taken into account within the frame of the drafting of the entire set of the financial statements and the way according to which an acknowl edged element is useful in the decision-making process. The credibility assumes that the accounting information does not comprise any significant error or subjectivism and it offers a faithful image of the mirrored phenomena or processes. The conceptual frames detail the elements which ensure the information's credibility equally in terms of content, but underlined in terms of wording. Thus, the accounting information must be objective (to faithfully mirror the transactions and events), must reflect the meaning and consequences of the economic events just as the legal requirements, it has to be neutral (to avoid influencing a decision or issuing a judgment for the accomplishment of a predetermined outcome or objective), it must be complete and illustrate d within the limits of cautiousness. Subsequently the perusal of the argument for the two classes of opinions, we conclude that the information provided in the financial statements must be believable enough and relevant enough at the same time. Thus, th e result of the display in the financial statement must comply with the cross point of these two features.
Journal of Information Systems & …, 2011
The development of the competitiveness hasn't been a priority for Romanian companies until the mo... more The development of the competitiveness hasn't been a priority for Romanian companies until the moment of the economical crisis. The difference can be seen in quality, services, innovation, image, knowledge, the approach to information, culture, etc. The companies that manage to differentiate from the others will resist in time and the economic advantage is made through intangible assets. The assessment of the intangible assets is the real description of the company wealth which is very well known to all balance sheet users, because it contains their fair value.
Journal of Information Systems and Operations Management, 2011
The development of the competitiveness hasn't been a priority for Romanian companies until the mo... more The development of the competitiveness hasn't been a priority for Romanian companies until the moment of the economical crisis. The difference can be seen in quality, services, innovation, image, knowledge, the approach to information, culture, etc. The companies that manage to differentiate from the others will resist in time and the economic advantage is made through intangible assets. The assessment of the intangible assets is the real description of the company wealth which is very well known to all balance sheet users, because it contains their fair value.
The Influence Of The Accounting Treatment Of Property On An Entity’S Result
The role of the financial statements is to offer useful financial information to users in making ... more The role of the financial statements is to offer useful financial information to users in making decisions. They can meet this role only in relation with those objectives which can be clearly quantified as value and quantity measures.
The Influence Of The Accounting Treatment Of Property On An Entity’S Result
The role of the financial statements is to offer useful financial information to users in making ... more The role of the financial statements is to offer useful financial information to users in making decisions. They can meet this role only in relation with those objectives which can be clearly quantified as value and quantity measures.
Journal of Information Systems and Operations Management, 2015
The main concern of IASB and FASB is to create a modern system that informs quickly and honestly ... more The main concern of IASB and FASB is to create a modern system that informs quickly and honestly the users of financial and accounting information, as well as an active concept in order to give an objective image on an economic entity as a whole. The Romanian economy needs a similar image, a real and an objective one that supplies honest information, the basis for decisions leading to adopting a strategy according to the economic truth at all its levels. An important position in making financial statements is the concept of faithful image that supplies the necessary security and prestige. The faithful image concept is tightly linked to the concept of fair value, both being in continuous movement and influencing each other.
Academic Journal of Economic Studies, 2018
The process of selecting, analyzing and structuring the most relevant information is not an easy ... more The process of selecting, analyzing and structuring the most relevant information is not an easy task for the financial auditor to look for the most appropriate tools. In the absence of information systems, the auditor together with the management will never get realtime information in order to make effective decisions. Business intelligence systems help to make decisions efficient and to increase productivity of the economic entity. Thus, generating correct, pertinent and actual information, that can be checked by the auditor and improved by the management.
Journal of Information Systems and Operations Management, 2016
Managerial decisions have certain aspects that are different from the analyzed perspective. From ... more Managerial decisions have certain aspects that are different from the analyzed perspective. From the point of view of human resources to be hired, the management of the entity takes decisions based on the amounts investes in resources and exploitation transactions as well as a proper financing mix. These are the reasons for which accuracy and the level of detail in information has to be at a higher level in order to support the business and it increase its value. The quality of decision-making is dependent to a large extent on the amount and quality of information upon which the decision is based on, which, once adopted is considered the most important process that takes place in the management of an entity. This, more so today, as IFRS generated changes in the conceptual sense of fundamental elements of financial reporting and results, as well as increased volatility of indicators results, leading to consolidation of the interest for information, analysis and decision making.
Ovidius University Annals Economic Sciences Series, 2010
Romania's progress demands to be included the principals of sustainable development in it's devel... more Romania's progress demands to be included the principals of sustainable development in it's development strategy. Within this framework the importance of studying and analyzing the tourism evolution can be noted. The need of knowledge regarding the fluctuations canned by the results of the tourism related activities allowed the approach of the issue related to the correlation stage of the accommodation capacity and the number of tourists arrived within the accommodation structures in Romania during the 2000-2008 period. The mutual involvement relationship, existence, direction form and intensity of the connection between the two indicators are analyzed within this paper. The conclusions following the analysis of the obtained results, shape as an upper phase in filling in the image of the Romanian tourism, bearing in mind the establishment and application of sustainable development strategies.
Procedia - Social and Behavioral Sciences, 2012
Economic, legal and social developments, and also the pressure of information users have made acc... more Economic, legal and social developments, and also the pressure of information users have made accounting innovation a necessity, thus resulting accounting creativity. supported by basic and alternative treatments used to solve the same problem.In most cases an accounting problem has at least two solutions, with a different effect on the financial position and enterprise performances.The occurrence of creative accounting was influenced by the flexibility of international accounting regulations.In most cases, creative accounting is seen as a position and enterprise performance.
Procedia - Social and Behavioral Sciences, 2012
The level of results obtained by an enterprise represents, for any manager, a way to measure effi... more The level of results obtained by an enterprise represents, for any manager, a way to measure efficiency. Recorded results are noted in the Profit and Loss Account that explains how they are obtained for each activity, and help to make decisions at management level in order to coordinate the whole business activity. This account represents the financial statement that allows highlighting partial results of the three main activities (exploitation, financial and extraordinary) as well as whole results. The structure of this account allows money stocks accumulation to be released in order to fulfill the compensatory function of future financial factors and inputs, so called intermediate management balances.
The definitions of the elements identify their main traits, but their purpose, the reason for the... more The definitions of the elements identify their main traits, but their purpose, the reason for their presence in the financial statements is ensured by meeting the recognition criteria.The current concerns of accounting regulatory organisms in setting and developing the elements and the common conceptual Framework have materialized by setting recognition criteria, that help to achieve a more accurate position of elements in the financial statements, thus creating credibility and relevance of the information contained within it. This study follows, by comparison, recognition criteria of elements presented in financial statements in various accounting referential meaning.
Annals of the University of Petrosani: Economics, 2013
The users of the financial statements have long been limited to perusing the loss and profit acco... more The users of the financial statements have long been limited to perusing the loss and profit account to find out information about the accounting result. It has been considered the most significant indicator to measure the performance of a company, without taking into account, however, the relevance of such information. The accounting result is the result of the free choice on accounting policies of companies and leads to an increase or decrease of this result. It is difficult to select the most relevant policy of the multiple accounting policies provided by the International Financial Reporting Standards with impact on a company’s financial performance. Such various accounting practices make an accurate evaluation of the performance and financial situation of companies of different nationalities difficult. It is certain, though, that different accounting solutions used for re-evaluations, amortizations and adjustments lead to different financial results for identical exploitation c...
The study follows the evaluation process of patrimony through different accounting referential. I... more The study follows the evaluation process of patrimony through different accounting referential. It was analyzed the basis for evaluation provided, how credible and believable are to the extent of their advantages and limitations. The differences highlighted here come to support today’s concerns of accounting organisms in setting and developing elements and content for a Conceptual common framework.
Internal Audit Regulations In Romania And Their Convergence To European Exigencies
Annales Universitatis Apulensis Series Oeconomica
Audit risk model based on sampling recomended by the minimal audit standards.(Report)
Annals of Daaam Proceedings, 2009
The nature and diversity of governmental activities
Romanian Economic Business Review, 2006
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Papers by Marilena Roxana Zuca