ACCRUAL ACCOUNTING BETWEEN DYNAMISM AND PRUDENCE

Mihaela TULVINSCHI

Abstract


Economic environment and the behavior of the economic entity is in continuous transformation. A determined value today may be outdated tomorrow. Consequently, maintaining a balance in the activity of the economic entity requires corrective actions. The purpose of this article is to highlight the connection between the accrual accounting, the dynamic accounting theory and the accounting prudence. Establishing the optimal timing for recognition of expenses, revenues and outcome, dynamic accounting theory gives managers quality information in order to make the best decisions. Adopting a prudent behavior is necessary in a reasonable measure in order to avoid serious repercussions caused by an exaggerated optimism.


Keywords


dynamic accounting theory, the neutrality of the information, prudence, risk, uncertainty.

References


Ahmed, A, Duellman, S. (2012) Managerial Overconfidence and Accounting Conservatism, Journal of Accounting Research, vol. 51, nr. 1, pp. 1-30

Beaver, W. H., Ryan, S, G. (2005) Conditional and Unconditional Conservatism: Concepts and Modelling, Review of Accounting Studies, vol. 10, nr. 2-3, pp. 269 - 309

Beja, A., Weiss, D. (2006) Some Informational Aspects of Conservatorism, European Accounting Review, vol. 15, nr.4, pp. 585-604

Berheci, M. (2010) Interdependen┼úa componentelor situa┼úiilor financiare, finalit─â┼úile contabilit─â┼úii ┼či decizia financiar─â, Revista Contabilitatea, expertiza ┼či Auditul Afacerilor nr. 11/2010, Editura CECCAR, Bucure┼čti, 2010, p.12 - 15

Bu┼če, J. (2005) Analiza economico-financiar─â, Editura Economic─â, Bucure┼čti, pp. 100 ÔÇô 140

Gu┼če, G. R. (2011) Rolul principiilor contabile ├«n procesul de evaluare. Principiul pruden┼úei, Revista Contabilitatea, expertiza ┼či auditul afacerilor, nr. 12, pp. 7-11

Hall, J.O., Aldridge, R. (2007) Changes in Accounting for ChangesÔÇŁ, Journal of Accountancy, nr. 2, http://www.journalofaccountancy.com/Issues/2007/Feb/ChangesInAccountingForChanges.htm (accessed April, 10, 2016)

Horomnea, E. (2008) Fundamentele ┼čtiin┼úifice ale contabilit─â┼úii. Doctrin─â. Concepte. Lexicon, Editura Tipo Moldova, Ia┼či, pp. 85 ÔÇô 106

Istrate, C. (2009) Contabilitatea nu-i doar pentru contabili!, Editura Universul Juridic, Bucure┼čti, pp. 126 - 145

Jianu, I. (2007) Evaluarea, prezentarea ┼či analiza performan┼úei ├«ntreprinderii, Editura CECCAR, pp. 48 ÔÇô 122

Karahan, G├Âkmen, M (2013) Accounting Conservatism: A Literature Review, Muhasebe ve Vergi Uygulamalari Dergisi (MUVU) / Journal of Accounting and Taxation Studies (JATS), vol. 6, nr. 2, pp. 1 ÔÇô 21

Mihalache, S. (2015) Conservatorism ┼či optimism ├«n contabilitate: pruden┼úa versus valoare just─â, Revista Contabilitatea, expertiza ┼či auditul afacerilor, nr. 10/2015, pp. 11 ÔÇô 21

Richard, Jacques (2009) Fair value: Towards a third stage of the French accounting capitalism, Cahier de recherche no. 2005-09, CEREG, Universit├ę Paris Dauphine

S─âc─ârin, M. (2007) Valoarea just─â: istoric, adoptare, valen┼úe ┼či critici, Revista Contabilitatea, Expertiza ┼či Auditul Afacerilor nr. 3/2007, Editura CECCAR, Bucure┼čti, pp. 15 ÔÇô 21

Young Steven, Zeng Yachang , Accounting Comparability and the Accuracy of Peer ÔÇô Based Valuation Models, May, 2014, http://ssrn.com/abstract=2206190 (accessed April, 10, 2016)

xxx Directiva 2013/34/UE a Parlamentului European ┼či a Consiliului din 26 iunie 2013 privind situa┼úiile financiare anuale, situa┼úiile financiare consolidate ┼či rapoartele conexe ale anumitor tipuri de ├«ntreprinderi, publicat─â ├«n Jurnalul Oficial L 182/29.06.2013

xxx Ghid practic de aplicare a reglement─ârilor contabile privind situa┼úiile financiare anuale individuale ┼či situa┼úiile financiare anuale consolidate, Editura CECCAR, Bucure┼čti, 2015, pp. 59 - 171

xxx IASB (2011), Standardele Interna┼úionale de Raportare financiar─â. Norme oficiale emise la 1 ianuarie 2011, Traducere, Editura CECCAR, Bucure┼čti

xxx OMFP 1802/ 2014 pentru aprobarea Reglement─ârilor contabile privind situa┼úiile financiare anuale individuale ┼či situa┼úiile financiare consolidate, publicat ├«n Monitorul Oficial nr. 963/30.12.2014


Full Text: PDF

Creative Commons License
This work is licensed under a Creative Commons Attribution 3.0 License.