Ildikó Orbán - Academia.edu (original) (raw)

Papers by Ildikó Orbán

International journal of engineering and management sciences, Sep 9, 2019

Apstract : applied studies in agribusiness and commerce : official periodical of the International MBA Network in Agribusiness and Commerce Agri-MBA, Dec 30, 2013

Annals of Faculty of Economics, 2019

The primary objective of present article is to compare companies operating within and outside of ... more The primary objective of present article is to compare companies operating within and outside of the health care sector that prepare their annual statements in accordance with IFRS. In present article, comparative analysis of Richter Gedeon Plc. and Telekom Plc. is realized. Richter Gedeon Plc. is a large company operating within the pharmaceutical sector and its consolidated annual statement is prepared in accordance with IFRS. Telekom Plc. is a public limited company operating in the telecommunications sector, which also prepares its consolidated annual statement in accordance with IFRS. The reason for selecting the two companies indicated above is that Richter Gedeon Plc. is one of the largest pharmaceutical companies in Hungary, while Telekom Plc. as a company operating outside the health care sector is similar to Richter in terms of its size, as their balance sheet totals are almost identical in their consolidated balance sheets. The similarity in terms of the magnitude of thei...

Applied Studies in Agribusiness and Commerce, 2015

In the 21st century, sport is not just a fun, social cohesive force but also a business; it has b... more In the 21st century, sport is not just a fun, social cohesive force but also a business; it has become an independent industry by now and several countries possess developed sport markets. According to estimates, sport accounts for 4% of the EU’s GDP. The actuality of our research is given by the fact that the economic aspect of sports develops continuously which is also due to that more and more amounts already stream into sports in our days. In Hungary, sport is mainly state aided and has mostly financing problems while the sport businesses existing in the more developed Western Europe are principally sponsored by the private sector. The government considers sport as a strategic branch (HERCZEG et al, 2015) and manages as such because they see the international breakthrough potencies in sport as well. Sport companies must also adapt the business-based thinking, which requires the strategic planning and operation (BECSKY, 2011). The research covers the subject of economic approach ...

Australasian Business, Accounting and Finance Journal

International Journal of Engineering and Management Sciences, 2018

Minden vállalkozás számára rendkívül fontos, hogy rövid-, illetve hosszútávon fizetőképes legyen.... more Minden vállalkozás számára rendkívül fontos, hogy rövid-, illetve hosszútávon fizetőképes legyen. A fizetőképesség egy vállalat működésének alapfeltétele, így különösen a rövidtávú fizetőképesség, másnéven a likviditás kiemelt fontosságú szerepet tölt be az adott vállalkozás életében. Éppen emiatt fontos arra törekednie, hogy elkerülje a likviditási problémákat. Jelen cikkben egy amerikai nagyvállalat rövidtávú fizetőképességének vizsgálatára kerül sor, amely a pénzügyi kimutatásait a US GAAP (The United States Generally Accepted Accounting Principles – az Amerikai Egyesült Államok Általánosan Elfogadott Számviteli Alapelvek) szerint készíti. Bemutatásra kerülnek az alapvető rövidtávú fizetőképességi mutatók, majd az ezek alapján levont következtetések. Mivel a mutatók számolásához a vizsgált vállalat pénzügyi kimutatásának adataira van szükség, amely eltéréseket mutat egy magyar vállalkozás éves beszámolójához képest, így tanulmányunkban kitérünk a két számviteli rendszer közötti k...

EUROPEAN RESEARCH STUDIES JOURNAL, 2020

Purpose: The presented study is aimed at examining the impact of the above amendment on the amoun... more Purpose: The presented study is aimed at examining the impact of the above amendment on the amount of loan loss allowances based on the financial statements of the study sample that focused on the largest banks in Europe, and the study also intends to highlight the components of the accounting model for impairment of financial instruments under IFRS 9 in addition to the proposed models calculate the probability of the default main parameter in equation of ECL. Approach/Methodology/Design: This study used the casual relationship approach to describe the relationship between the variables of study based on the annual reports of the largest European banks, and the data analyzed by non-parametric statistics according to the result of the normality test. Findings: First, the new amendment related to the impairment of financial instruments under IFRS 9 has no significant impact on the total amount of ECL for the largest banks in Europe. Second, there is no difference among banks in the same country in terms of the calculation of ECL. Third, there is a difference among European countries in the amount of loss allowances for loans. Finally, there is a difference in terms of the total assets and the total amount of loan loss allowances. Practical Implications: The presented study provides significant results about the amount of loss allowances for largest banks in Europe that were less than expectations before the implementation for IFRS 9, which will have a significant impact for banks in particular and the economy as a whole in the case of compliance with real instruction for IFRS 9. Originality/Value: Original study, and our findings have important for bank boards, executive managers in these banks, investors, and accounting standard-setting bodies.

(in printed format) a journal listed CNCSIS category B+ and indexed in RePec, Doaj, EBSCO and CAB... more (in printed format) a journal listed CNCSIS category B+ and indexed in RePec, Doaj, EBSCO and CABELLS PUBLISHING SERVICES international data bases and respectively on the site of the journal:http://anale.steconomiceuoradea.ro, in electronic format, with free access to full text, will be made after the Conference, as a result of a peer review type evaluation process.

Economies

The specificities of pharmaceutical companies’ activities also have an impact on their ability to... more The specificities of pharmaceutical companies’ activities also have an impact on their ability to improve profitability compared to other sectors. Examples of such specificities include patent rights on the medicines produced, which for a longer period of time prevent the entry of competing players, allowing sunk costs to be offset to some extent by advantages from using higher margins. The primary purpose of this study is to examine whether the bargaining power of R&D-engaged companies significantly affects the financial margin of their operations to a different extent than other pharmaceutical companies. This study examined panel data focused on companies with the highest turnover, while we filtered out differences in the effect due to different macroeconomic and development environments. Our findings are that while the gross profit was significantly influenced by the type of activity within the industry, this statement for the cash cycle is no longer justified. Our conclusion was...

Annals of Faculty of Economics, 2013

In the process of the European Union enlargement, experts felt an increasing need for the harmoni... more In the process of the European Union enlargement, experts felt an increasing need for the harmonization of existing systems and the adoption of practices used in the EU countries. Hungary intended to meet the requirements stated by the European Union by introducing, among others, the EU directives, the FADN (Farm Accountancy Data Network) agricultural data network, and the System of Agricultural Accounts as well. Despite the efforts towards rapprochement between accountancy systems and the harmonization of information systems, a judgement of enterprise performance and the practice of income calculation and profitability analysis show great differences in many aspects between the member countries. Considering that financing and profitability problems of enterprises are very important questions in the economy, I regard a comparison of income calculation methods of agricultural enterprises used in some EU countries essential. Regarding the above mentioned situation, the general aim of ...

International Journal of Engineering and Management Sciences, 2018

Napjainkban a vállalat- és vagyonértékelés egyre nagyobb jelentőséggel bír. A vállalat értékének ... more Napjainkban a vállalat- és vagyonértékelés egyre nagyobb jelentőséggel bír. A vállalat értékének megállapítása kulcsfontosságú a menedzsment számára a megfelelő döntéshozatalhoz, emellett elengedhetetlen lépés a befektetni kívánt magánszemélyek és befektetők számára. Számos modell létezik, amelyek különböző módszereket alkalmazva végzik el a vállalatértékelést. Tanulmányunk során a McKinsey modell alapján végeztük el a vállalatértékelést egy nemzetközi számviteli környezetben működő vállalkozásnál. A tanulmányban McKinsey modell főbb tulajdonságai kerülnek bemutatásra, a modell felépítése, amely magába foglalja a lényegesebb lépéseket az értékelés elvégzése érdekében. Különös hangsúlyt fektettünk a szabad pénzáramlások kiszámítására, a jövőbeni mérlegek és eredménykimutatások előrejelzésére és a jövőbeni árbevétel alakulására, amely nagyban befolyásolja a jövőbeni beszámoló adatainak alakulását és ezáltal a vállalat értékét. A McKinsey modell egy diszkontált cash flow modell, ahol a...

International Journal of Engineering and Management Sciences, 2019

Journal of International Studies, Jun 1, 2022

The present study aimed to examine the impact of financial engineering on audit efficiency by ana... more The present study aimed to examine the impact of financial engineering on audit efficiency by analyzing the results of a research sample that included banks, auditors, financial analysts, and academics in Europe, as previous studies did not examine the relationship between these variables. Three major findings are outlined in this study. First, there is a statistically significant relationship between financial engineering and audit efficiency based on the results of the tests of the hypotheses. Second, there is a statistically significant relationship between financial engineering and the quality of financial reports, as the use of financial engineering innovations leads to a decrease in the credibility and relevance of financial reports for users. Finally, there is a statistically significant relationship between financial engineering and the expectations gap in the audit process, due to the increased need for more details about the financial instruments in the auditor's report. The findings of this study are important for auditors, financial engineers, bank executives, and bodies that set standards for accounting and auditing.

Intellectual economics, 2020

This paper aims to show the impact of hyperinflation on financial results, a phenomenon that is e... more This paper aims to show the impact of hyperinflation on financial results, a phenomenon that is experienced in developed or developing countries. The concepts of hy- perinflation and financial results were highlighted in addition to the effects of hyperinflation on the financial results based on secondary sources and the financial results of multinational corporations (MNCs) operating in Venezuela, which is currently the first among the econo- mies affected by hyperinflation; a significant impact of this type of inflation on these affected corporations was observed. The most important result for this paper is that hyperinflation leads to the issuance of financial results in a misleading manner, and thus it causes difficulty in making proper decisions. Therefore, economies affected by hyperinflation should pay at- tention to solving this problem by focusing on how to manage the causes of hyperinflation.

There are several variations of efficiency definitions and of course ratios concerned with effici... more There are several variations of efficiency definitions and of course ratios concerned with efficiency. A better understanding of the notion of efficiency is critical to dissolve ambiguity about it. Many confuse efficiency with other supposedly synonymous notions such as profitability, successfulness, competitiveness, liquidity or productivity. This ambiguity originates not only in subjective reasons, but the lack of hierarchical order among certain ideas. The primary driver in our research is, to systematize efficiency in general, and formulate a new categorical approach of the efficiency in corporate level.

The FADN, the Farm Accountancy Data Network of the European Union gathers accountancy data from f... more The FADN, the Farm Accountancy Data Network of the European Union gathers accountancy data from farms for the determination of financial performance, for business analysis of agricultural holdings, to measure the impact of the EU’s agricultural policy and to support the on-farm decision making process. Data collected from individual farms are treated confidentially, farmers take part in the sample voluntarily, and are rewarded by detailed reports on their own farm and a comparison with other individual farms. The importance of introduction of this commonly used information system in the European Union is justified by the fact that the role of information became more important due to rapidly changing technical conditions, market and economic regulations in our globalising world. The role of information is also significant in agricultural decision-making. This lecture intends to introduce the profitability data served by a member state’s network, e.g. Hungary and to evaluate the diffe...

Applied Studies In Agribusiness And Commerce, 2014

Thermal and medical tourism in Hungary are characterised by a continuous development. The managem... more Thermal and medical tourism in Hungary are characterised by a continuous development. The management, efficiency, operational effectiveness and offer of enterprises in the field of tourism influence the competitiveness of Hungary’s tourism. In the present day economic life the thorough analysis of the enterprises’ economy is indispensable. The result of the analytical methods applied by the report provide information for different stakeholders (owners, transporters, customers, employees, habilitators). The aim is to have data which inform us about the functioning, financial situation and profitability of the economic entities parallel with the factors and conditions determining these elements. In our paper we present the financial situation of the Demjén Thermal Spa Ltd., being one of the newest thermal spas of Hungary.

SHS Web of Conferences, 2016

The actuality of our research is given by the fact that in the 21st century, the field of account... more The actuality of our research is given by the fact that in the 21st century, the field of accounting is changing continuously and rapidly. Thanks to the global processes occurred over the last few decades, changes took place in the economic processes and the area of accounting was formed much as well. Nowadays, a lot of undertakings perform such activities, which are cross-border and building international connections up. The differing content and rules of the statements applied in different countries make the comparability and the performance measurement more difficult, particularly for the undertakings, their owners, their existing and potential investors, other decision-makers as well as authorities. The above-mentioned differing application of the accountancy enhances the necessity for establishing a uniform harmonized accounting system, which is unanimous worldwide as well. International Financial Reporting Standards (hereinafter: IFRS) are intended to make the financial reports more transparent and unequivocal for its users; it helps to understand the content of reports and makes the decision-making more open and more predictable. However, we need to be attentive not only to the benefits of unification efforts but the economic, cultural, traditional and legislative differences of the single nations and the difficulties of adopting the different and unusual norms The task of accounting is to give a true and fair image about the property, income and financial situation of an undertaking. Information provided by accounting is essential for both the management decision-making and the market operators. In the frame of accounting education, financial accounting has to deal with SAP Financial Accounting. SAP is the most popular enterprise business system used by the biggest organisations in the world to help run their companies. At the university, our teaching task is to give the knowledge and skills to the students they need in the practical, entrepreneurial life with training courses, education programs. At the University of Debrecen, the Institute of Accounting and Finance is faced with these educational challenges, such as introduction of SAP, and IFRS into the BA and MA education, and by using these systems to support managerial decision-making process and the management accounting. The purpose of this research is to examine how can the education reflect to the worldwide changes, and what is the mainstream in the accounting education nowadays. In order that the leaders

Food Economics - Acta Agriculturae Scandinavica, Section C, 2010

Paper prepared for presentation at the 113 th EAAE Seminar "A resilient European food industry an... more Paper prepared for presentation at the 113 th EAAE Seminar "A resilient European food industry and food chain in a challenging world"

International journal of engineering and management sciences, Sep 9, 2019

Apstract : applied studies in agribusiness and commerce : official periodical of the International MBA Network in Agribusiness and Commerce Agri-MBA, Dec 30, 2013

Annals of Faculty of Economics, 2019

The primary objective of present article is to compare companies operating within and outside of ... more The primary objective of present article is to compare companies operating within and outside of the health care sector that prepare their annual statements in accordance with IFRS. In present article, comparative analysis of Richter Gedeon Plc. and Telekom Plc. is realized. Richter Gedeon Plc. is a large company operating within the pharmaceutical sector and its consolidated annual statement is prepared in accordance with IFRS. Telekom Plc. is a public limited company operating in the telecommunications sector, which also prepares its consolidated annual statement in accordance with IFRS. The reason for selecting the two companies indicated above is that Richter Gedeon Plc. is one of the largest pharmaceutical companies in Hungary, while Telekom Plc. as a company operating outside the health care sector is similar to Richter in terms of its size, as their balance sheet totals are almost identical in their consolidated balance sheets. The similarity in terms of the magnitude of thei...

Applied Studies in Agribusiness and Commerce, 2015

In the 21st century, sport is not just a fun, social cohesive force but also a business; it has b... more In the 21st century, sport is not just a fun, social cohesive force but also a business; it has become an independent industry by now and several countries possess developed sport markets. According to estimates, sport accounts for 4% of the EU’s GDP. The actuality of our research is given by the fact that the economic aspect of sports develops continuously which is also due to that more and more amounts already stream into sports in our days. In Hungary, sport is mainly state aided and has mostly financing problems while the sport businesses existing in the more developed Western Europe are principally sponsored by the private sector. The government considers sport as a strategic branch (HERCZEG et al, 2015) and manages as such because they see the international breakthrough potencies in sport as well. Sport companies must also adapt the business-based thinking, which requires the strategic planning and operation (BECSKY, 2011). The research covers the subject of economic approach ...

Australasian Business, Accounting and Finance Journal

International Journal of Engineering and Management Sciences, 2018

Minden vállalkozás számára rendkívül fontos, hogy rövid-, illetve hosszútávon fizetőképes legyen.... more Minden vállalkozás számára rendkívül fontos, hogy rövid-, illetve hosszútávon fizetőképes legyen. A fizetőképesség egy vállalat működésének alapfeltétele, így különösen a rövidtávú fizetőképesség, másnéven a likviditás kiemelt fontosságú szerepet tölt be az adott vállalkozás életében. Éppen emiatt fontos arra törekednie, hogy elkerülje a likviditási problémákat. Jelen cikkben egy amerikai nagyvállalat rövidtávú fizetőképességének vizsgálatára kerül sor, amely a pénzügyi kimutatásait a US GAAP (The United States Generally Accepted Accounting Principles – az Amerikai Egyesült Államok Általánosan Elfogadott Számviteli Alapelvek) szerint készíti. Bemutatásra kerülnek az alapvető rövidtávú fizetőképességi mutatók, majd az ezek alapján levont következtetések. Mivel a mutatók számolásához a vizsgált vállalat pénzügyi kimutatásának adataira van szükség, amely eltéréseket mutat egy magyar vállalkozás éves beszámolójához képest, így tanulmányunkban kitérünk a két számviteli rendszer közötti k...

EUROPEAN RESEARCH STUDIES JOURNAL, 2020

Purpose: The presented study is aimed at examining the impact of the above amendment on the amoun... more Purpose: The presented study is aimed at examining the impact of the above amendment on the amount of loan loss allowances based on the financial statements of the study sample that focused on the largest banks in Europe, and the study also intends to highlight the components of the accounting model for impairment of financial instruments under IFRS 9 in addition to the proposed models calculate the probability of the default main parameter in equation of ECL. Approach/Methodology/Design: This study used the casual relationship approach to describe the relationship between the variables of study based on the annual reports of the largest European banks, and the data analyzed by non-parametric statistics according to the result of the normality test. Findings: First, the new amendment related to the impairment of financial instruments under IFRS 9 has no significant impact on the total amount of ECL for the largest banks in Europe. Second, there is no difference among banks in the same country in terms of the calculation of ECL. Third, there is a difference among European countries in the amount of loss allowances for loans. Finally, there is a difference in terms of the total assets and the total amount of loan loss allowances. Practical Implications: The presented study provides significant results about the amount of loss allowances for largest banks in Europe that were less than expectations before the implementation for IFRS 9, which will have a significant impact for banks in particular and the economy as a whole in the case of compliance with real instruction for IFRS 9. Originality/Value: Original study, and our findings have important for bank boards, executive managers in these banks, investors, and accounting standard-setting bodies.

(in printed format) a journal listed CNCSIS category B+ and indexed in RePec, Doaj, EBSCO and CAB... more (in printed format) a journal listed CNCSIS category B+ and indexed in RePec, Doaj, EBSCO and CABELLS PUBLISHING SERVICES international data bases and respectively on the site of the journal:http://anale.steconomiceuoradea.ro, in electronic format, with free access to full text, will be made after the Conference, as a result of a peer review type evaluation process.

Economies

The specificities of pharmaceutical companies’ activities also have an impact on their ability to... more The specificities of pharmaceutical companies’ activities also have an impact on their ability to improve profitability compared to other sectors. Examples of such specificities include patent rights on the medicines produced, which for a longer period of time prevent the entry of competing players, allowing sunk costs to be offset to some extent by advantages from using higher margins. The primary purpose of this study is to examine whether the bargaining power of R&D-engaged companies significantly affects the financial margin of their operations to a different extent than other pharmaceutical companies. This study examined panel data focused on companies with the highest turnover, while we filtered out differences in the effect due to different macroeconomic and development environments. Our findings are that while the gross profit was significantly influenced by the type of activity within the industry, this statement for the cash cycle is no longer justified. Our conclusion was...

Annals of Faculty of Economics, 2013

In the process of the European Union enlargement, experts felt an increasing need for the harmoni... more In the process of the European Union enlargement, experts felt an increasing need for the harmonization of existing systems and the adoption of practices used in the EU countries. Hungary intended to meet the requirements stated by the European Union by introducing, among others, the EU directives, the FADN (Farm Accountancy Data Network) agricultural data network, and the System of Agricultural Accounts as well. Despite the efforts towards rapprochement between accountancy systems and the harmonization of information systems, a judgement of enterprise performance and the practice of income calculation and profitability analysis show great differences in many aspects between the member countries. Considering that financing and profitability problems of enterprises are very important questions in the economy, I regard a comparison of income calculation methods of agricultural enterprises used in some EU countries essential. Regarding the above mentioned situation, the general aim of ...

International Journal of Engineering and Management Sciences, 2018

Napjainkban a vállalat- és vagyonértékelés egyre nagyobb jelentőséggel bír. A vállalat értékének ... more Napjainkban a vállalat- és vagyonértékelés egyre nagyobb jelentőséggel bír. A vállalat értékének megállapítása kulcsfontosságú a menedzsment számára a megfelelő döntéshozatalhoz, emellett elengedhetetlen lépés a befektetni kívánt magánszemélyek és befektetők számára. Számos modell létezik, amelyek különböző módszereket alkalmazva végzik el a vállalatértékelést. Tanulmányunk során a McKinsey modell alapján végeztük el a vállalatértékelést egy nemzetközi számviteli környezetben működő vállalkozásnál. A tanulmányban McKinsey modell főbb tulajdonságai kerülnek bemutatásra, a modell felépítése, amely magába foglalja a lényegesebb lépéseket az értékelés elvégzése érdekében. Különös hangsúlyt fektettünk a szabad pénzáramlások kiszámítására, a jövőbeni mérlegek és eredménykimutatások előrejelzésére és a jövőbeni árbevétel alakulására, amely nagyban befolyásolja a jövőbeni beszámoló adatainak alakulását és ezáltal a vállalat értékét. A McKinsey modell egy diszkontált cash flow modell, ahol a...

International Journal of Engineering and Management Sciences, 2019

Journal of International Studies, Jun 1, 2022

The present study aimed to examine the impact of financial engineering on audit efficiency by ana... more The present study aimed to examine the impact of financial engineering on audit efficiency by analyzing the results of a research sample that included banks, auditors, financial analysts, and academics in Europe, as previous studies did not examine the relationship between these variables. Three major findings are outlined in this study. First, there is a statistically significant relationship between financial engineering and audit efficiency based on the results of the tests of the hypotheses. Second, there is a statistically significant relationship between financial engineering and the quality of financial reports, as the use of financial engineering innovations leads to a decrease in the credibility and relevance of financial reports for users. Finally, there is a statistically significant relationship between financial engineering and the expectations gap in the audit process, due to the increased need for more details about the financial instruments in the auditor's report. The findings of this study are important for auditors, financial engineers, bank executives, and bodies that set standards for accounting and auditing.

Intellectual economics, 2020

This paper aims to show the impact of hyperinflation on financial results, a phenomenon that is e... more This paper aims to show the impact of hyperinflation on financial results, a phenomenon that is experienced in developed or developing countries. The concepts of hy- perinflation and financial results were highlighted in addition to the effects of hyperinflation on the financial results based on secondary sources and the financial results of multinational corporations (MNCs) operating in Venezuela, which is currently the first among the econo- mies affected by hyperinflation; a significant impact of this type of inflation on these affected corporations was observed. The most important result for this paper is that hyperinflation leads to the issuance of financial results in a misleading manner, and thus it causes difficulty in making proper decisions. Therefore, economies affected by hyperinflation should pay at- tention to solving this problem by focusing on how to manage the causes of hyperinflation.

There are several variations of efficiency definitions and of course ratios concerned with effici... more There are several variations of efficiency definitions and of course ratios concerned with efficiency. A better understanding of the notion of efficiency is critical to dissolve ambiguity about it. Many confuse efficiency with other supposedly synonymous notions such as profitability, successfulness, competitiveness, liquidity or productivity. This ambiguity originates not only in subjective reasons, but the lack of hierarchical order among certain ideas. The primary driver in our research is, to systematize efficiency in general, and formulate a new categorical approach of the efficiency in corporate level.

The FADN, the Farm Accountancy Data Network of the European Union gathers accountancy data from f... more The FADN, the Farm Accountancy Data Network of the European Union gathers accountancy data from farms for the determination of financial performance, for business analysis of agricultural holdings, to measure the impact of the EU’s agricultural policy and to support the on-farm decision making process. Data collected from individual farms are treated confidentially, farmers take part in the sample voluntarily, and are rewarded by detailed reports on their own farm and a comparison with other individual farms. The importance of introduction of this commonly used information system in the European Union is justified by the fact that the role of information became more important due to rapidly changing technical conditions, market and economic regulations in our globalising world. The role of information is also significant in agricultural decision-making. This lecture intends to introduce the profitability data served by a member state’s network, e.g. Hungary and to evaluate the diffe...

Applied Studies In Agribusiness And Commerce, 2014

Thermal and medical tourism in Hungary are characterised by a continuous development. The managem... more Thermal and medical tourism in Hungary are characterised by a continuous development. The management, efficiency, operational effectiveness and offer of enterprises in the field of tourism influence the competitiveness of Hungary’s tourism. In the present day economic life the thorough analysis of the enterprises’ economy is indispensable. The result of the analytical methods applied by the report provide information for different stakeholders (owners, transporters, customers, employees, habilitators). The aim is to have data which inform us about the functioning, financial situation and profitability of the economic entities parallel with the factors and conditions determining these elements. In our paper we present the financial situation of the Demjén Thermal Spa Ltd., being one of the newest thermal spas of Hungary.

SHS Web of Conferences, 2016

The actuality of our research is given by the fact that in the 21st century, the field of account... more The actuality of our research is given by the fact that in the 21st century, the field of accounting is changing continuously and rapidly. Thanks to the global processes occurred over the last few decades, changes took place in the economic processes and the area of accounting was formed much as well. Nowadays, a lot of undertakings perform such activities, which are cross-border and building international connections up. The differing content and rules of the statements applied in different countries make the comparability and the performance measurement more difficult, particularly for the undertakings, their owners, their existing and potential investors, other decision-makers as well as authorities. The above-mentioned differing application of the accountancy enhances the necessity for establishing a uniform harmonized accounting system, which is unanimous worldwide as well. International Financial Reporting Standards (hereinafter: IFRS) are intended to make the financial reports more transparent and unequivocal for its users; it helps to understand the content of reports and makes the decision-making more open and more predictable. However, we need to be attentive not only to the benefits of unification efforts but the economic, cultural, traditional and legislative differences of the single nations and the difficulties of adopting the different and unusual norms The task of accounting is to give a true and fair image about the property, income and financial situation of an undertaking. Information provided by accounting is essential for both the management decision-making and the market operators. In the frame of accounting education, financial accounting has to deal with SAP Financial Accounting. SAP is the most popular enterprise business system used by the biggest organisations in the world to help run their companies. At the university, our teaching task is to give the knowledge and skills to the students they need in the practical, entrepreneurial life with training courses, education programs. At the University of Debrecen, the Institute of Accounting and Finance is faced with these educational challenges, such as introduction of SAP, and IFRS into the BA and MA education, and by using these systems to support managerial decision-making process and the management accounting. The purpose of this research is to examine how can the education reflect to the worldwide changes, and what is the mainstream in the accounting education nowadays. In order that the leaders

Food Economics - Acta Agriculturae Scandinavica, Section C, 2010

Paper prepared for presentation at the 113 th EAAE Seminar "A resilient European food industry an... more Paper prepared for presentation at the 113 th EAAE Seminar "A resilient European food industry and food chain in a challenging world"