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Financial Risk - Integrating Determinant Of The Accounting Model

Author

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  • Claudia Nicoleta Guni

    (Spiru Haret University)

Abstract

Culture differences, business practices, political and regulatory structures, the legal system, currency values, local inflation rate, risk management, but also the method of taxation, all these influence both the way the business is managed and also the financial reporting in the world. Financial statements and other information are impossible to understand without an awareness of basic accounting principles and business culture. Accounting plays an important role in the risk management process. Based on the information provided by it, potential risks can be identified and the company's exposure to specific risks can be measured. The information provided by accounting is influenced by the adopted accounting model, the way of presenting them varying.

Suggested Citation

  • Claudia Nicoleta Guni, 2021. "Financial Risk - Integrating Determinant Of The Accounting Model," Management Strategies Journal, Constantin Brancoveanu University, vol. 51(1), pages 77-85.
    • Handle: RePEc:brc:journl:v:51:y:2021:i:1:p:77-85
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    References listed on IDEAS

    as
    1. Stanley Kaplan & B. John Garrick, 1981. "On The Quantitative Definition of Risk," Risk Analysis, John Wiley & Sons, vol. 1(1), pages 11-27, March.
    2. Stephen C. Gabriel & C. B. Baker, 1980. "Concepts of Business and Financial Risk," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 62(3), pages 560-564.
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    More about this item

    Keywords

    financial risk; nonbusiness risk; business risk; operational risk;
    All these keywords.

    JEL classification:

    • G3 - Financial Economics - - Corporate Finance and Governance
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance

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