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Annual Financial Statements Of Economic Entity - Adjusted For The Effects Of Inflation?

Author

Listed:
  • SERBAN CLAUDIU VALENTIN

    (UNIVERSITY OF CRAIOVA, FACULTY OF ECONOMICS AND BUSINESS ADMINISTRATION, CRAIOVA, ROMANIA)

  • NASTASIE MIHAELA – ANDREEA

    (ROMANIAN ACADEMY, INSTITUTE OF WORLD ECONOMY BUCHAREST, ROMANIA)

Abstract

Inflation is a phenomenon of self-sustaining growth in the overall level of prices affecting the economy of a state with strong implications at both economic and social level. Inflation is eroding effect while the main purchasing power of money and the sustained growth of prices in the economy. Prices change over time as a result of various economic and social factors, individuals or generals. Private factors, such as changes in supply and demand or technology, can generate significant price increases or decreases, independent of each other. In addition to the general factors may cause a change in the general level of prices and thereby the general purchasing power of the currency.

Suggested Citation

  • Serban Claudiu Valentin & Nastasie Mihaela – Andreea, 2015. "Annual Financial Statements Of Economic Entity - Adjusted For The Effects Of Inflation?," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 146-150, June.
    • Handle: RePEc:cbu:jrnlec:y:2015:v:3:p:146-150
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    References listed on IDEAS

    as
    1. Marioara Avram & Greti Daniela Togoe, 2012. "Professional Accountants’ Ethics In The Context Of Corporate Governance," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 2(40), pages 245-250.
    2. Marioara Avram, 2011. "Considerations On The Practical Application Of International Auditing Standards Regarding The Environment Of Control," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 3(39), pages 1-7.
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