EUROPEAN JOURNAL OF ACCOUNTING, FINANCE & BUSINESS

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ISSN: 2344 - 102X

ISSN-L: 2344 - 102X



 

Volume 10, Number 1, Year 2022

1. EMERGENT TECHNOLOGIES AND THE NEED FOR A NEW CURRICULUM
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Author(s): Veronica Grosu
DOI:
Abstract: -
Keywords: -

2. IMPORT EXPORT OPERATIONS: ACCOUNTING AND TAX ASPECTS
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Author(s): Svetlana Mihaila, Galina Badicu, Iulian Dascalu
DOI: 10.4316/EJAFB.2022.1011
Abstract: The reform in the accounting-fiscal field in the Republic of Moldova is influenced by the profound changes that are taking place in the economic sphere, under the inertia of the globalization process. In this article, we set out to examine the foreign trade situation in terms of import and export operations from an accounting and fiscal point of view. For providing the investigation, we used an approach based on observation method, document analysis and comparison of the provisions of regulations in the field of import-export operations, investigating from general to specific national legislation. For this, documentary research of the legislative and normative acts in force was carried out. The results of the research express a clear picture by highlighting the context in which foreign trade, in the current global context, plays a key role in creating and maintaining sustainable competitive advantages, but also generates some problematic issues in transactions accounting.
Keywords: Accounting; Foreign Trade Activity; Import-export Operations; Place Of Services Delivery; Tax Liability

3. BIBLIOMETRIC ANALYSIS OF SCIENTIFIC PRODUCTION REGARDING THE HARMONIZATION OF ACCOUNTING IN BRICS EMERGING ECONOMIES
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Author(s): Anatol Melega
DOI: 10.4316/EJAFB.2022.1012
Abstract: The BRICS economies are one of the most influential economic and political groups in the world, being characterized by cheap labor, increased attractiveness from investors, vast natural resources and a high level of foreign direct investment flows. With the development and growth of the multinationals' number in these states, the issue of convergence and harmonization of accounting practices with the international framework of this domain has been raised in order to create a conducive environment for investors and to reduce information asymmetry. The literature contains a multitude of studies that have analyzed and evaluated the achieved level of convergence and harmonization in accounting matters in the BRICS emerging economies. Thus, in this research we aim to perform a bibliometric analysis of the scientific production whose research topic is the harmonization of accounting in BRICS emerging economies. Therefore, in order to achieve the proposed goal, the following objectives were set: O1 - analysis and evaluation of the scientific production published in the Web of Science database in the 1990-2021 period that have as topic the harmonization of accounting in BRICS emerging economies; O2 - identification of the main research niches and design of new research directions.
Keywords: Accounting Harmonization; Bibliometric Analysis; Cluster Method; Emerging Economies; Future Research

4. THE INFLUENCE OF THE DIGITAL ECONOMY DEVELOPMENT ON THE GLOBAL MUSIC INDUSTRY
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Author(s): Iurie Badicu
DOI: 10.4316/EJAFB.2022.1013
Abstract: The 21st century music industry uses digital technology in a wide range of applications, including interpretation, composition, recordings and publications. This technology is constantly transforming music and the way people approach many musical activities. The value chain research of the global music industry represents the specialized analysis of the target field constituents. The investigation emphasizes the functional components and subcomponents of the global music industry, their interference and mutual influence. The author specifically addresses the production, distribution and consumption in the global music industry, treating them both theoretically - referentially, and practically - axiomatically. When presenting the study, preference was given to the descriptive method with the application of elements of comparison, analysis and deduction, as well as information sites that capitalize on the music industry. The research completes the range of sources that address the global music industry, especially the sources with reference to the pandemic, post-pandemic and forced digitization of the music industry. The author's conclusions represent a culturological update of the value chain in the global music industry.
Keywords: Consumption; Digital Economy; Distribution; Global Music Industry; Value Chain Of The Music Industry; Production;

5. THE IMPACT OF VAT IN ROMANIA AND THE COMMUNITY AREA
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Author(s): Lucia Morosan - Danila
DOI: 10.4316/EJAFB.2022.1014
Abstract: The article brings to the readers the importance of the value added tax revenues in the realization of the total revenues of the state budget of Romania, carrying out an analysis for the period 2017-2020, resulting a significant percentage of 40% of VAT income from the total tax revenues. We started with the analysis of the impact of the legislative changes regarding the value added tax at national level on the workers in this field and on the economy in general, an impact which is not favorable, because this legislative instability, generates uncertainty and mistrust in the capacity of the legislative bodies to act effectively, organize and operate, in accordance with the expectations of those covered by the respective normative acts. Another aspect addressed in this article is a small, but significant comparison between the VAT rates practiced in the community space and the rates practiced in Romania, after which we can see that in our country there are no abusive VAT rates, but they are among the lowest rates in the European Union. The presentation of a series of advantages and disadvantages of this tax, observed through a personal perspective or determined by its operating system, concludes this article.
Keywords: Community Area, Fiscal Code, Value Added Tax

6. ANALYSIS ON THE CAUSALITY RELATIONSHIP BETWEEN INVESTMENTS AND THE CAPITAL'S MARGINAL COST
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Author(s): Irina Stefana - Cibotariu
DOI: 10.4316/EJAFB.2022.1015
Abstract: Capital's cost is the result of two kinds of behaviours, namely the entrepreneur's behaviour, on the one hand, and the investor's behaviour. These two types of behaviours have a common background, namely maximizing the value of the business entity. The business entity itself can be considered as the very expression of the financing costs which are part of the optimization process of its financial strategy. The diversity of the investment options requires the assignment of those financial resources which are based on estimating the entity's value which refers to the conversion of the future incomes into the present turnover of the business as such. Thus, there is an occasional cost from the point of view of the investors, whereas for the users, there is an average cost involved because one needs to take into account the existence of the financial structure itself which is responsible for the existence of both the equity and the loan capital.
Keywords: Capital Cost; Investment; Marginal Cost; Profitability, Investment Theory

7. CUSTOMS REGULATORY FRAMEWORK ANALYSIS IN THE EARLY PHASES OF THE COVID-19 PANDEMIC IN TERMS OF INTERNATIONAL TRADE COOPERATION
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Author(s): Popescu Evghenii, Frumusachi Ludmila
DOI: 10.4316/EJAFB.2022.1016
Abstract: To create a framework for customs administration based on international cooperation, it is necessary to apply fundamentally new technologies. Trade facilitation is especially important for many countries affected by the crisis. Amidst this global crisis, international cooperation on trade facilitation will remain essential for maintaining trade flow. Continued aid for trade will be particularly important to help developing countries implement trade facilitation measures required during the crisis. The article concludes that, in the context of global digital transformation, new opportunities are opening up for the customs regulatory framework, based on the introduction of large-scale data analysis technologies, immersive technologies, blockchain, use of innovative methods for obtaining and processing customs information (satellite tracking, radio frequency identification) and introduction of artificial intelligence technologies in customs control processes.
Keywords: Customs Administration; Customs Rules; Customs Tariff; International Trade; COVID-19

8. THE IMPORTANCE OF RECRUITMENT IN THE DEVELOPMENT OF HUMAN RESOURCES STRATEGY AND PLANNING
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Author(s): Svetlana Mihaila, Ion Mura
DOI: 10.4316/EJAFB.2022.1017
Abstract: The human resource planning strategy, or the strategies employed in hiring workers, has a significant impact on a company's future performance, because these strategies determine the quality of the recruited human resource. Employee recruitment is regarded as one of the most critical steps in personnel policy. Thus, the authors set out to conduct research using several research methods, including the analytical method, webography analysis using the search engines Web of Science and Google Scholar, the method of comparison, the method of synthesis, the method of inference, and the method of induction and deduction.
Keywords: Human Resources; Process; Recruitment; Strategy

9. SHORT ANALYSIS REGARDING THE STRUCTURAL AND COHESION FUNDS OF THE EUROPEAN UNION IN ROMANIA
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Author(s): Claudia - Elena Grigoras - Ichim
DOI: 10.4316/EJAFB.2022.1018
Abstract: The Structural and Cohesion Funds support Member States in achieving a high level of development, both socially and economically, with the aim of supporting job creation, business competitiveness, growth, sustainable development and improving the quality of life of citizens. The paper presents a synthesis of the structural and cohesion programs implemented by the European Union, focusing on Romania, as one of the last states to join the European family. The empirical incursion presents the institutional framework of the European structural funds, the main financing components directed to the member states, as well as the financial instruments of the European Union in Romania. It also presents a summary of the main amounts scheduled and actually paid to and from the European Union.
Keywords: European Funds; European Union; Structural And Cohesion Funds; Project Management

10. ASSESSMENT OF THE ECONOMIC ACTIVITY OF THE ENTITY THROUGH THE PRISM OF GOODWILL AND BADWILL TOOLS
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Author(s): Iulita Birca
DOI: 10.4316/EJAFB.2022.1019
Abstract: Estimating the value of an economic entity is one of the most difficult financial problems. In this context, knowing the overall value of an entity is useful for buyers, investors, and owners. The most relevant indicator in this case is the value of Goodwill (which determines the sound management and performance of the entity) and Badwill (the indicator of the entity's unfavorable situation, respectively). The purpose of the present research consists in the fundamental analysis of the theoretical aspects with reference to the evaluation of the economic entity in terms of the Goodwill and Badwill instruments. The objectives of the research include: identifying the notions of Goodwill (positive and negative), presented by the scientists in the field and the specialized literature; defining the concepts and aspects of the Goodwill and Badwill instruments, identifying the methods of evaluating the economic entity with the help of the Goodwill tool, as well as establishing its place and role in the economic activity of the entity. The results obtained can serve as recommendations for managers in economic entities to understand and accept the need to estimate the overall value of the economic entity not only in the case of purchase-sale, but also to take remedial action in situations of uncertainty and risk.
Keywords: Badwill; Economic Entity; Goodwill; Valuation; Overall Value

11. ACCOUNTING TRUTH OR THE EXTENT TO WHICH FINANCIAL INDICATORS PROVIDE AN ACCURATE REPRESENTATION. A QUANTITATIVE ANALYSIS
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Author(s): Vlad Bulau
DOI: 10.4316/EJAFB.2022.10110
Abstract: Financial indicators are used for analysing and determining the financial position and the performance of a company. Most financial ratios rely on the accounting information within financial statements; many are calculated based on the accounts statement and profit and loss account. A company's financial statements are of interest to many people (managers, investors, and creditors, as well as providers, employees, trading partners, or public institutions). Financial analysis may acquire various forms, depending on the interest of each interested party. The utility of the indicators featured below relies on the need to have post-fact, present, and forecasting knowledge regarding the economic activity of an enterprise.
Keywords: Accounting; Financial Analysis; Accounting Truth; Indicators; Liquidity; Solvency

12. IMPROVING THE PERFORMANCE OF SMALL AND MEDIUM-SIZED ENTERPRISES BY IMPLEMENTING MANAGEMENT ACCOUNTING PRACTICES
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Author(s): Camelia - Catalina Mihalciuc
DOI: 10.4316/EJAFB.2022.10111
Abstract: The general system of managerial accounting is now obsolete because the information generated by the system arrives too late or too distorted to be relevant in making management planning and control decisions, in addition, the system is based on simplistic and arbitrary methods and not manages to reflect the exact costs of the product. Businesses use as tools in obtaining useful information throughout the technological processes management accounting techniques that include both financial and non-financial information. In the approach, the main objective is to see what is the impact of different practices specific to managerial accounting (MAPs) in assessing the performance of small and medium enterprises operating in the manufacturing industry.
Keywords: Costs; Cost Calculation; Management Accounting; Decision Making; Management Accounting Practices (MAPs)

 
     
     
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