IDEAS home Printed from https://ideas.repec.org/a/ovi/oviste/vxiiy2012i12p1617-1621.html
   My bibliography  Save this article

Discounting and Lumping – Financing Methods for External Commerce Operations in the Current Context of Worldwide Economic Crisis. Accounting Treatment

Author

Listed:
  • Pravãþ Ionela-Cristina

    (“Vasile Alecsandri” University of Bacãu, Faculty of Economic Sciences)

Abstract

For companies which undertake and manage international business, a problem which needs solving, especially in the context of the current global economic crisis, is related to ensuring the financing of external economic transactions. The accomplishment of this goal has led to the emergence and development, among commercial credit relations - connected to external commerce and not only to it - of some efficient forms of mobilizing trade effects like lumping and discounting. Therefore, this article aims to describe a series of basic aspects which characterize the two types of financing external economic transactions, to present comparatively the major differences between them, and to present a model of reflecting the operations related to discounting and lumping in accounting documents.

Suggested Citation

  • Pravãþ Ionela-Cristina, 2012. "Discounting and Lumping – Financing Methods for External Commerce Operations in the Current Context of Worldwide Economic Crisis. Accounting Treatment," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 1617-1621, May.
    • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:12:p:1617-1621
    as

    Download full text from publisher

    File URL: http://stec.univ-ovidius.ro/html/anale/ENG/cuprins%20rezumate/volum2012p1.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    external trade; financing; discount; lumping; accounting.;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • P33 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - International Trade, Finance, Investment, Relations, and Aid

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ovi:oviste:v:xii:y:2012:i:12:p:1617-1621. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gheorghiu Gabriela (email available below). General contact details of provider: https://edirc.repec.org/data/feoviro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.