76 research outputs found
The impact of internet usage and knowledge-intensive activities on households’ healthcare expenditures
No full textThis paper examines the impact of the internet usage and knowledge intensive activities on households’ healthcare expenditures Similarly, the paper aims to recognize and understand, from a value-creation perspective, the correlation between: internet access of households (IA), individuals frequently using the internet (IU), individuals searching on internet for health-related information (HI), payments made by households for healthcare (PHH), expressed as euro per inhabitant and employment in knowledge-intensive activities (KIA). The approach utilized in the present study consists of two steps. First, a theoretical framework was conducted to determine the existing relationship between major variables. Next, the Vector Autoregressive (VAR) approach was applied in a case study at European level to prove the three hypothesis we consider. By analyzing the connection between the major variables, a positive and long-lasting impulse response function was revealed, followed by an ascending trend. This suggests that a self-multiplying effect is being generated; and it reasonable to assume that the more individuals use the Internet, the more electronic acquisitions occur. We can thus reasonably conclude that the improvement of the internet usage and knowledge intensive activities on households’ healthcare expenditures process is strongly dependent on people’s capability. Improving IU and KIA is the new reading key in the decision-making process in health system approach
Considerations on The Convergence of Romania to The European Union in The Banking Field
No full textAccording to commitments made by Romania (and by NBR) in the negotiating process to Chapter 11 - Economic and Monetary Union on the acquisition, transfer and implementation into national legislation of the acquis for banking, the NBR Statute was harmonized with the provisions of the Treaty establishing the European Community, the Protocol on the Statute of the European System of Central Banks and the European Central Bank , and the other Community provisions on central bank activity in the Member States of the European Union. The draft law on the Statute of the NBR was adopted by the Senate (on June 8, 2004) and the Chamber of Deputies and promulgated by Decree no. 532/26.06.2004, materialized into Law nr. 312/28.06.2004 on the NBR Statute. The new law was published in Romanian Official Gazette and entered into force on July 31, 2004, when Law no. 101/1998 on the Statute of the NBR, with further amendments and completions, was repealed.convergence, banking system, accession, commitments
Considerations regarding the regulation, accounting and audit of bank deposits
No full textBank deposits have been known even since the
Antiquity. From the legal perspective, the bank deposit
was always covered with due care and received the
deserved attention, while regulations generally reflected
the current views, from the legal, economic, social,
cultural and religious perspectives. The new Civil Code,
applicable in Romania starting from October 1st 2011,
brings a new element within article 2191. The fund
deposit, a change that is situated against the millennial
regulations of the deposit contract, when it specifies that
“Subsequent to the constitution of a fund deposit at a
credit institution, it gains propriety over the deposited
amounts of money”. Even since the Antiquity, the
Roman jurists have caught the economic and judicial
nature of the unregulated deposit contracts that
emphasized the depository’s obligations. The religious
obscurantism of the Middle Ages did not allow the
differentiation between the deposit contract and the loan
contract as passive operations meant to attract the
financial resources of the bank. Nowadays, the
confusion still exists and fuels the financial instability.
Even since the emergence of accounting as a science,
the bank deposit has been seen as a financial asset for
the depositor and a debt for the banker. The accuracy of
the accounting information regarding the bank deposits
is validated and confirmed through the internal and/or
external auditing procedures
The global financial crisis and its implications on the convergence of Romania with the economic and monetary union
No full textThe international financial crisis has affected the new member States of the European Union as well, for which the convergence criteria represent the economic test of evaluation of a degree of economic preparation, in order to participate in the third stage of the Economic and Monetary Union. This paper analyses the main evolutions recorded by Romania under the conditions of the global financial crisis, regarding the stability of the prices, the long term interests, the budget deficit, the level of the public debt in the Gross Domestic Product, the stability of the change and the degree of the preparation of the National Central Bank for the adherence to the Eurosystem. We are trying to identify a series of challenges and risks which are brought by the international financial crisis during the chosen period by the Romanian authorities for the adoption of the unique European currency, respectively 2014-2015.institutional convergence, the real convergence, the nominal convergence, the convergence criteria
The Banking Products and Services: the Globalisation Challenges
No full textThe changes occurred in the banking marketing in our country have their origin, firstly, in the changes of the organisational culture which has evolved in the last ten years from the bureaucratic behaviour, categorised excessively, to a specific behaviour for the market economy, based on the knowledge of the clients, on the competition and on the promotion of the mentality of a winner. The organisational culture can be changed in time, as long as the employees are aware of the objectives followed, as long as they are selected and promoted in conformity with these objectives and as long as the feeling of belonging to the organisation has formed which depends essentially on the satisfaction that the employee feels towards the activity he/she enrols. Due to the stimulation of the own personnel, the banks, through superior wages as for the best paid sectors of the national economy, have managed to attract the interest of the existing professionals, as well as of the young specialists willing to dedicate to a banking carrier. The training programs organised through the means of the Romanian Banking Institute or through distinct programs organised by the baking companies in our country have contributed to the motivation of the personnel, as well as to the consolidation of the new organisational culture.globalisation, banking products, banking services
The Study On International Cooperation Made By The Romanian Professional Accountancy Bodies
No full textProfessional bodies with responsibility in regulating the accounting profession in Romania,with a vast experience in the field, such as Body of Expert and Licensed Accountants fromRomania, the Chamber of Financial Auditors from Romania, Chamber of Financial Consultantsfrom Romania, National Association of Certified Evaluators from Romania, are intensivelycooperating with international bodies in order to develop accounting profession and support theaccountants in providing high quality services to the public.
Cooperation of the professional bodies involved in the regulation of the accounting professionhas one fundamental objective: development of a strong accounting profession, able to serve thepublic interest, spread information and recommendations among its members, as well as providingservices of the highest professional level
CONSIDERATIONS REGARDING THE DIVERSITY OF TANGIBLE ASSETS IN THE LIGHT OF THE NEW ACCOUNTING REGULATIONS
No full textFixed assets represent an important category in the patrimonial structure of any entity, because they have a complex structure and they materialize in items with significant values. As regards the analysis of this group, we can observe the existence of a significant volume of empirical studies regarding the usefulness of the accounting information related to the tangible assets for different categories of potential users of the annual financial statements (among which managers and investors are distinguished with priority). This shows that the place occupied by these assets in the patrimony of the entity is of significant importance. Diverse categories are individually recognized in the accounts as follows: land, landscaping, construction, real estate investments, productive biological assets, tangible assets for the exploration and evaluation of mineral resources. According to the professional reasoning, it is necessary that each item to be registered separately, as a good individual, whether it was purchased in a transaction involving a mix of elements
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