Iuliana Oana Mihai - Academia.edu (original) (raw)
Papers by Iuliana Oana Mihai
Annals of Dunarea de Jos University of Galati. Fascicle I. Economics and Applied Informatics
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Risk in Contemporary Economy
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Risk in Contemporary Economy, 2017
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Risk in Contemporary Economy, 2018
The real estate market has known in the last years a constant expansion of about 20% / year, bein... more The real estate market has known in the last years a constant expansion of about 20% / year, being actually in the real estate boom area, both in retail and corporate segments. The impact of this trend, at company's level, is quite insignificant, managing to put to use the fixed assets increase in the turnover. The companies included in the sample under study have registered turnover increases in the last two calendar years (2016 and 2017). This increase was put in relation to the increases in the Romanian economy in the fiscal year, to inflation increase and had been done in the conditions of the consumers' behavior migrating to a higher level. This consumption level is due to the national salary policies which have aligned the salary incomes from the budgetary system to the threshold obtainable in 2020. Based on the data reported by the economic agents in the financial statements, this study aims at objectively assessing the dynamic of changing the financial indicators in ...
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Economics and Applied Informatics, 2017
The paper aims to deal both empirically and critically with the topical issues regarding the abso... more The paper aims to deal both empirically and critically with the topical issues regarding the absorption of European funds and the role of the audit in this process. The paper contain an empirical study regarding general aspects of auditing with emphasis on commitment of agreed procedures. We will consider the main normative framework (ISRS 4400 and ISA 500) to expose a coherent and relevant synthesis of the agreed procedures engagement. The research will focus on presenting a critical study of dynamics of audit activity in Romania in the last 10 years based on data collected from the CAFR annual reports and website. Through this study, the authors propose, based on statistical functions, an evaluation of quality level in audit and the development of a comparative risk analysis based on the qualitative-value indicators.
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Risk in Contemporary Economy, 2015
Agriculture is an important part of the global economy. Given the gap in the literature, the prob... more Agriculture is an important part of the global economy. Given the gap in the literature, the problems of legislation (in particular the lack of them), the controversies related to IAS 41 standard, we considered necessary to analyze problems and the way in which it it highlighted in the economy the production process of wines with different periods of aging. In Romania, agriculture is a sector with great potential, traditionally occupying an important role in the national economic structure. Thus, by adopting the accounting regulations imposed by Order no. 1802-29 December 2014 the national legislation was aligned with the European level, this framework being closer to regulations imposed by IAS 41. However, if we take into account large areas of forest cultures, vineyards or cultures purchased using foreign investment funds and the many foreign investments in livestock farms, it is expected that in the near future it will also be necessary to consider the application of this standar...
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Risk in Contemporary Economy, 2015
The dependence on the information technology (IT) is a common feature of all modern organizations... more The dependence on the information technology (IT) is a common feature of all modern organizations. This dependence characterizes the private and public sectors, regardless of their mission, industry, geographical location, or type of organization. In this context, a successful organization, efficiency in operation, performance and quality are essential in order to reliably support the activity, which makes it necessary for the organizations to ensure the proper and efficient use of information technology. The compliance with the applicability of the regulations and standards of IT audit can help organizations to achieve all these goals.
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Risk in Contemporary Economy, 2013
The measure regarding the introduction of VAT cash-in collection system, has generated heated deb... more The measure regarding the introduction of VAT cash-in collection system, has generated heated debates in the economic environment, pros and cons opinions appeared. Today, after one year since the first application of this legislative measure it is important to analyze the impact of VAT-cash-in system on a small company. The study was conducted for a period of almost two years, from January 1, 2012 till November 30, 2013, for the SIMM'S COMPUTER CENTER SRL, a small IT business, applying the VAT-cash-in system. The study consisted in converting the transactions in VAT cash-in system and comparing with the same transactions, but in VAT normal tax system. The analysis was carried out for fiscal years 2012 and 2013. We considered it is important to follow if there are any differences between the maximum amount paid in the each fiscal year and in what the time of year the VAT paid amount increase.
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Risk in Contemporary Economy, 2017
In the context of global change, the financial crisis is highlighting how financial systems are c... more In the context of global change, the financial crisis is highlighting how financial systems are connected. This interconnection brings more prosperity but at the same time a greater concentration of systemic risk. Policy makers are also responsible for the economic impact of the crisis and for legislative changes at the request of the user audience. In this paper the authors proposed to express a point of view on the importance of creating audit reports in order to ensure access to the structural funds, but especially the importance of including in the prepared reports of other information about the entities that access these funds and not just financial information. The author believes that this information would outline a more complete overview of the entity and ease the evaluations for reimbursement by the contracting authority.
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Risk in Contemporary Economy, 2016
The objective of this paper is to present the legal framework for financing the election campaign... more The objective of this paper is to present the legal framework for financing the election campaigns in Romania and in the world. There are different systems of campaign finance across the world. Some of these systems rely mainly on private funds, some are based mainly on public funds, but most systems are a combination of both. In all cases a certain degree of limitations on contributions and expenditures are a standard characteristic of the campaign finance system. Limitations on contributions can be means to reduce the corruption and limitations on expenditures may be imposed to guarantee egalitarianism among the various political forces.
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Economics and Applied Informatics, 2015
The rules governing the financial statements consolidation have been subject for debates for many... more The rules governing the financial statements consolidation have been subject for debates for many years. The financial crisis in 2008 accelerated changes toward new improved standards. The main objective of this article is to explain the key parts of the IASB standards for consolidation of financial statements.
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The significant increase in company cash holdings has drawn the attention of the academic world. ... more The significant increase in company cash holdings has drawn the attention of the academic world. As a result, there is now extensive academic literature which investigates the relationship between cash holdings and their impact on corporate performance and company values. The study focuses on the motives, determinants and theories of cash holdings. The main objective of the paper was to investigate the determinants of cash holdings for Romanian companies for the period 2006-2015. The findings suggest that, for nonfinancial companies, cash holdings are influenced by the state of the economy. In times of recession, cash could be a good way to ride out the storm without having to ask for extra funding. Thus, companies tend to use internally generated cash before seeking external financing. In order to analyse the determinants of cash holdings, this study makes use of company level data for listed companies on the Bucharest Stock Exchange (BSE). The data was gathered from multiple sourc...
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Risk in Contemporary Economy, 2015
The purpose of this article is to investigate the scientific literature related to cash holdings ... more The purpose of this article is to investigate the scientific literature related to cash holdings of non-financial companies. We concentrated in our work on motives, determinants and theories of cash holding. The result of this study will enhance understanding of cash holding determinants and relevance of postulated theories in Romanian context. The main objective is to
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Risk in Contemporary Economy, 2015
The purpose of this paper is to present our own vision about some general aspects of aquaculture ... more The purpose of this paper is to present our own vision about some general aspects of aquaculture and oyster farming expanded pearlite and their accounting implication. In our references we took into consideration the role of aquaculture as well as the benefits and drawbacks of it. Through this article we aimed to highlight a series of theoretical aspects regarding the role and importance of developing aquaculture national and international as well as a number of practical aspects about involved costs and profit. We intended that the results of the paper and the individual documentaries to materialize in a easy structure product so as to be a informing way on a general vision about aquaculture and oyster farming expanded pearlite.
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Risk in Contemporary Economy, 2016
The purpose of this paper is to investigate the scientific literature regarding the nature, exten... more The purpose of this paper is to investigate the scientific literature regarding the nature, extent and consequences of related-party transactions. According to IAS 24 related party transaction represent a a transfer of resources or obligations between related parties, regardless of whether or not a market price is charged. Two entities are considered to be related if one party has the ability to control the other party or exercise significant influence over the other party in making financial and operating decisions, for example a controlling shareholder, a director, key management personnel, or affiliated companies, controlled entities, and entities under common control.
Bookmarks Related papers MentionsView impact
Annals of Dunarea de Jos University of Galati. Fascicle I. Economics and Applied Informatics, 2019
Bookmarks Related papers MentionsView impact
Economics and Applied Informatics, 2018
Equity represents an important element reflecting company’s performance and the efforts of the sh... more Equity represents an important element reflecting company’s performance and the efforts of the shareholders and management in the economic development of the entity. This paper brings in a novelty element by the structured analysis of the economic performance, as compared to equity accumulation, but also through the point of view of approaching some pragmatic aspects on the accountability and audit of shareholders’ equity. In this context, this paper aims at performing a complete radiography of equity holding, including through the study of performance coming from its usage, through the study performed on a sample made out of the companies listed at Bucharest Stock Exchange, a full diagnosis of the performances by placing this theme in the context of some scientific researches in this area, but also in the transdisciplinary and interdisciplinary context
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Economics and Applied Informatics, 2014
The purpose of this article is to review the results of research papers conducted in the area of ... more The purpose of this article is to review the results of research papers conducted in the area of foreign ownership impact on company’s performance and to highlight the specifics of this linkage in the environment of transition economies. Several authors have documented greater efficiency of private companies compared to state-owned. According to different studies, an alternative option for transition economies is foreign ownership. Recent studies show that the effect of ownership forms on companies and financial performance is more significant in Eastern European countries compared to developed countries. However, study results are often contradictory, therefore they require additional research
Bookmarks Related papers MentionsView impact
Annals of Dunarea de Jos University. Fascicle I : Economics and Applied Informatics, 2018
The objective of this paper was to study and analyze the expertise effects in the criminal cases.... more The objective of this paper was to study and analyze the expertise effects in the criminal cases. To that end, we quantified information on the concept, subject and importance of the accounting expertise, tried to map out the distinction between the accounting expertise and the traditional audit, brought into discussion and dealt with the phenomenon of "White Collar Criminality", referring to the role the chartered accountants have in such cases, as well as the competences they need to carry out their work. We also approached issues related to access to the profession of chartered accountant in Romania, but also in other countries, highlighting the importance and contribution of professional accounting bodies.
Bookmarks Related papers MentionsView impact
Risk in Contemporary Economy, 2015
For the current economy, the sector of telecommunications which includes mobile telephony is one ... more For the current economy, the sector of telecommunications which includes mobile telephony is one of the most important worldwide. World leaders of this sector are among the companies present in Romania, in terms of income and as financial performance. The range of services offered by mobile operators diversified and greatly increased in recent years, so that there are a wide variety of business models, which are subject to different policies. Experts in the field have hoped that the adoption of IFRS will help increase clarity in the sector, but the results so far are uncertain. The overall objective of this paper focuses on the analysis of the telecommunications industry accounting practices, focusing on specific issues of the mobile market. To this end we intend to analyze aspects of the history and evolution of mobile telephony market, national and international accounting regulations applied to the mobile operators, and evaluating accounting practices applied in the mobile teleph...
Bookmarks Related papers MentionsView impact
Annals of Dunarea de Jos University of Galati. Fascicle I. Economics and Applied Informatics
Bookmarks Related papers MentionsView impact
Risk in Contemporary Economy
Bookmarks Related papers MentionsView impact
Risk in Contemporary Economy, 2017
Bookmarks Related papers MentionsView impact
Risk in Contemporary Economy, 2018
The real estate market has known in the last years a constant expansion of about 20% / year, bein... more The real estate market has known in the last years a constant expansion of about 20% / year, being actually in the real estate boom area, both in retail and corporate segments. The impact of this trend, at company's level, is quite insignificant, managing to put to use the fixed assets increase in the turnover. The companies included in the sample under study have registered turnover increases in the last two calendar years (2016 and 2017). This increase was put in relation to the increases in the Romanian economy in the fiscal year, to inflation increase and had been done in the conditions of the consumers' behavior migrating to a higher level. This consumption level is due to the national salary policies which have aligned the salary incomes from the budgetary system to the threshold obtainable in 2020. Based on the data reported by the economic agents in the financial statements, this study aims at objectively assessing the dynamic of changing the financial indicators in ...
Bookmarks Related papers MentionsView impact
Economics and Applied Informatics, 2017
The paper aims to deal both empirically and critically with the topical issues regarding the abso... more The paper aims to deal both empirically and critically with the topical issues regarding the absorption of European funds and the role of the audit in this process. The paper contain an empirical study regarding general aspects of auditing with emphasis on commitment of agreed procedures. We will consider the main normative framework (ISRS 4400 and ISA 500) to expose a coherent and relevant synthesis of the agreed procedures engagement. The research will focus on presenting a critical study of dynamics of audit activity in Romania in the last 10 years based on data collected from the CAFR annual reports and website. Through this study, the authors propose, based on statistical functions, an evaluation of quality level in audit and the development of a comparative risk analysis based on the qualitative-value indicators.
Bookmarks Related papers MentionsView impact
Risk in Contemporary Economy, 2015
Agriculture is an important part of the global economy. Given the gap in the literature, the prob... more Agriculture is an important part of the global economy. Given the gap in the literature, the problems of legislation (in particular the lack of them), the controversies related to IAS 41 standard, we considered necessary to analyze problems and the way in which it it highlighted in the economy the production process of wines with different periods of aging. In Romania, agriculture is a sector with great potential, traditionally occupying an important role in the national economic structure. Thus, by adopting the accounting regulations imposed by Order no. 1802-29 December 2014 the national legislation was aligned with the European level, this framework being closer to regulations imposed by IAS 41. However, if we take into account large areas of forest cultures, vineyards or cultures purchased using foreign investment funds and the many foreign investments in livestock farms, it is expected that in the near future it will also be necessary to consider the application of this standar...
Bookmarks Related papers MentionsView impact
Risk in Contemporary Economy, 2015
The dependence on the information technology (IT) is a common feature of all modern organizations... more The dependence on the information technology (IT) is a common feature of all modern organizations. This dependence characterizes the private and public sectors, regardless of their mission, industry, geographical location, or type of organization. In this context, a successful organization, efficiency in operation, performance and quality are essential in order to reliably support the activity, which makes it necessary for the organizations to ensure the proper and efficient use of information technology. The compliance with the applicability of the regulations and standards of IT audit can help organizations to achieve all these goals.
Bookmarks Related papers MentionsView impact
Risk in Contemporary Economy, 2013
The measure regarding the introduction of VAT cash-in collection system, has generated heated deb... more The measure regarding the introduction of VAT cash-in collection system, has generated heated debates in the economic environment, pros and cons opinions appeared. Today, after one year since the first application of this legislative measure it is important to analyze the impact of VAT-cash-in system on a small company. The study was conducted for a period of almost two years, from January 1, 2012 till November 30, 2013, for the SIMM'S COMPUTER CENTER SRL, a small IT business, applying the VAT-cash-in system. The study consisted in converting the transactions in VAT cash-in system and comparing with the same transactions, but in VAT normal tax system. The analysis was carried out for fiscal years 2012 and 2013. We considered it is important to follow if there are any differences between the maximum amount paid in the each fiscal year and in what the time of year the VAT paid amount increase.
Bookmarks Related papers MentionsView impact
Risk in Contemporary Economy, 2017
In the context of global change, the financial crisis is highlighting how financial systems are c... more In the context of global change, the financial crisis is highlighting how financial systems are connected. This interconnection brings more prosperity but at the same time a greater concentration of systemic risk. Policy makers are also responsible for the economic impact of the crisis and for legislative changes at the request of the user audience. In this paper the authors proposed to express a point of view on the importance of creating audit reports in order to ensure access to the structural funds, but especially the importance of including in the prepared reports of other information about the entities that access these funds and not just financial information. The author believes that this information would outline a more complete overview of the entity and ease the evaluations for reimbursement by the contracting authority.
Bookmarks Related papers MentionsView impact
Risk in Contemporary Economy, 2016
The objective of this paper is to present the legal framework for financing the election campaign... more The objective of this paper is to present the legal framework for financing the election campaigns in Romania and in the world. There are different systems of campaign finance across the world. Some of these systems rely mainly on private funds, some are based mainly on public funds, but most systems are a combination of both. In all cases a certain degree of limitations on contributions and expenditures are a standard characteristic of the campaign finance system. Limitations on contributions can be means to reduce the corruption and limitations on expenditures may be imposed to guarantee egalitarianism among the various political forces.
Bookmarks Related papers MentionsView impact
Economics and Applied Informatics, 2015
The rules governing the financial statements consolidation have been subject for debates for many... more The rules governing the financial statements consolidation have been subject for debates for many years. The financial crisis in 2008 accelerated changes toward new improved standards. The main objective of this article is to explain the key parts of the IASB standards for consolidation of financial statements.
Bookmarks Related papers MentionsView impact
The significant increase in company cash holdings has drawn the attention of the academic world. ... more The significant increase in company cash holdings has drawn the attention of the academic world. As a result, there is now extensive academic literature which investigates the relationship between cash holdings and their impact on corporate performance and company values. The study focuses on the motives, determinants and theories of cash holdings. The main objective of the paper was to investigate the determinants of cash holdings for Romanian companies for the period 2006-2015. The findings suggest that, for nonfinancial companies, cash holdings are influenced by the state of the economy. In times of recession, cash could be a good way to ride out the storm without having to ask for extra funding. Thus, companies tend to use internally generated cash before seeking external financing. In order to analyse the determinants of cash holdings, this study makes use of company level data for listed companies on the Bucharest Stock Exchange (BSE). The data was gathered from multiple sourc...
Bookmarks Related papers MentionsView impact
Risk in Contemporary Economy, 2015
The purpose of this article is to investigate the scientific literature related to cash holdings ... more The purpose of this article is to investigate the scientific literature related to cash holdings of non-financial companies. We concentrated in our work on motives, determinants and theories of cash holding. The result of this study will enhance understanding of cash holding determinants and relevance of postulated theories in Romanian context. The main objective is to
Bookmarks Related papers MentionsView impact
Risk in Contemporary Economy, 2015
The purpose of this paper is to present our own vision about some general aspects of aquaculture ... more The purpose of this paper is to present our own vision about some general aspects of aquaculture and oyster farming expanded pearlite and their accounting implication. In our references we took into consideration the role of aquaculture as well as the benefits and drawbacks of it. Through this article we aimed to highlight a series of theoretical aspects regarding the role and importance of developing aquaculture national and international as well as a number of practical aspects about involved costs and profit. We intended that the results of the paper and the individual documentaries to materialize in a easy structure product so as to be a informing way on a general vision about aquaculture and oyster farming expanded pearlite.
Bookmarks Related papers MentionsView impact
Risk in Contemporary Economy, 2016
The purpose of this paper is to investigate the scientific literature regarding the nature, exten... more The purpose of this paper is to investigate the scientific literature regarding the nature, extent and consequences of related-party transactions. According to IAS 24 related party transaction represent a a transfer of resources or obligations between related parties, regardless of whether or not a market price is charged. Two entities are considered to be related if one party has the ability to control the other party or exercise significant influence over the other party in making financial and operating decisions, for example a controlling shareholder, a director, key management personnel, or affiliated companies, controlled entities, and entities under common control.
Bookmarks Related papers MentionsView impact
Annals of Dunarea de Jos University of Galati. Fascicle I. Economics and Applied Informatics, 2019
Bookmarks Related papers MentionsView impact
Economics and Applied Informatics, 2018
Equity represents an important element reflecting company’s performance and the efforts of the sh... more Equity represents an important element reflecting company’s performance and the efforts of the shareholders and management in the economic development of the entity. This paper brings in a novelty element by the structured analysis of the economic performance, as compared to equity accumulation, but also through the point of view of approaching some pragmatic aspects on the accountability and audit of shareholders’ equity. In this context, this paper aims at performing a complete radiography of equity holding, including through the study of performance coming from its usage, through the study performed on a sample made out of the companies listed at Bucharest Stock Exchange, a full diagnosis of the performances by placing this theme in the context of some scientific researches in this area, but also in the transdisciplinary and interdisciplinary context
Bookmarks Related papers MentionsView impact
Economics and Applied Informatics, 2014
The purpose of this article is to review the results of research papers conducted in the area of ... more The purpose of this article is to review the results of research papers conducted in the area of foreign ownership impact on company’s performance and to highlight the specifics of this linkage in the environment of transition economies. Several authors have documented greater efficiency of private companies compared to state-owned. According to different studies, an alternative option for transition economies is foreign ownership. Recent studies show that the effect of ownership forms on companies and financial performance is more significant in Eastern European countries compared to developed countries. However, study results are often contradictory, therefore they require additional research
Bookmarks Related papers MentionsView impact
Annals of Dunarea de Jos University. Fascicle I : Economics and Applied Informatics, 2018
The objective of this paper was to study and analyze the expertise effects in the criminal cases.... more The objective of this paper was to study and analyze the expertise effects in the criminal cases. To that end, we quantified information on the concept, subject and importance of the accounting expertise, tried to map out the distinction between the accounting expertise and the traditional audit, brought into discussion and dealt with the phenomenon of "White Collar Criminality", referring to the role the chartered accountants have in such cases, as well as the competences they need to carry out their work. We also approached issues related to access to the profession of chartered accountant in Romania, but also in other countries, highlighting the importance and contribution of professional accounting bodies.
Bookmarks Related papers MentionsView impact
Risk in Contemporary Economy, 2015
For the current economy, the sector of telecommunications which includes mobile telephony is one ... more For the current economy, the sector of telecommunications which includes mobile telephony is one of the most important worldwide. World leaders of this sector are among the companies present in Romania, in terms of income and as financial performance. The range of services offered by mobile operators diversified and greatly increased in recent years, so that there are a wide variety of business models, which are subject to different policies. Experts in the field have hoped that the adoption of IFRS will help increase clarity in the sector, but the results so far are uncertain. The overall objective of this paper focuses on the analysis of the telecommunications industry accounting practices, focusing on specific issues of the mobile market. To this end we intend to analyze aspects of the history and evolution of mobile telephony market, national and international accounting regulations applied to the mobile operators, and evaluating accounting practices applied in the mobile teleph...
Bookmarks Related papers MentionsView impact