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The Applicability Of The Prudence Principle To Bank Companies In The Vision Of Ias 37

Author

Listed:
  • Radu Riana Iren

    (Dunarea de Jos University of Galati, Romania)

  • Isai Violeta

    (Dunarea de Jos University of Galati, Romania)

Abstract

The general accounting principles are presented in section 7 of annex to OMFP 3055/2009 (as amended and supplemented). Thus, the effects of transactions and other events are recognized when the transactions and the events occur and are recorded in the accounts and reported in the financial statements of the periods involved. In this paper we propose to deal with specific aspects regarding the application of the general accounting principles to the banking companies with particular reference to the principle of prudence, which will be combined with the current provisions of IAS 37 and the issues regarding the identification and the management of the banking risks.

Suggested Citation

  • Radu Riana Iren & Isai Violeta, 2013. "The Applicability Of The Prudence Principle To Bank Companies In The Vision Of Ias 37," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 179-185.
    • Handle: RePEc:ddj:fserec:y:2013:p:179-185
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    Citations

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    Cited by:

    1. Lucean Mihalcea & Andrei-Mirel Florea, 2016. "REPO Operations - a Way to Adjust Liquidity Crisis on Banking Institutions," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 445-450.
    2. Stratulat Angelica, 2016. "New Developing Methodologies for Strategic and Operational Limits in the European and Romanian Banking System," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 412-416.
    3. Angelica STRATULAT, 2016. "Issues Regarding Operational Risk Modeling in Banking Units," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 3, pages 132-139.

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