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Financial Management of Economic Entity from the Perspective of Alternative Approach

Author

Listed:
  • Victor Munteanu
  • Monica Petruta Zamfir (Maaliky)
  • Cristian Florian Florea

Abstract

Throughout the study the financial management presented is divided into three directions, namely financial analysis, financial planning and financial strategy, focusing on increasing the quality of financial management conducted at the economic entity by identifying an easier possible use for a system of alternative decisions in order to increase the profitability. The study also aims to identify new meanings of financial accounting information system in performing the managerial act through alternative decisions, trying to highlight the need to create a management tool generator of variants possible to be adopted with an impact on their application in the economic entity as a whole. Based on qualitative research on the financial management act, it is revealed the importance of the financial management act manifested in the economic entity and also its quality improvement through simulations targeting the management through budget system.

Suggested Citation

  • Victor Munteanu & Monica Petruta Zamfir (Maaliky) & Cristian Florian Florea, 2016. "Financial Management of Economic Entity from the Perspective of Alternative Approach," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 2(4), pages 57-67, December.
    • Handle: RePEc:khe:scajes:v:2:y:2016:i:4:p:57-67
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    More about this item

    Keywords

    Economic entity; financial management; alternative decisions; profitability; management through budgets;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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