Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie (Jun 2019)
THE INTERFERENCE BETWEEN MANAGERIAL ACCOUNTANCY AND CORPORATE GOVERNANCE
Abstract
ct At the moment, more and more economic entities in the world, in addition to financial statements, provide users with documents that contain information about their environmental activity and their social activities that evoke the emergence of integrated reports.The results generated only by the financial statements are no longer sufficient to present an overview of a business. In order to provide a global image of the work of an entity, the reporting should include both the traditional financial part and the non-financial part, providing information on sustainable development, environmental impact and social responsibility. So, in the current economic climate, it is more than ever necessary to ensure that societies are well managed and that they are therefore credible and sustainable. Then the excessive application of a short-term vision has had disastrous consequences. It is very important for European economic entities to show the highest responsibility both towards their employees and their shareholders, as well as to society in general. For a highly competitive social market economy, better corporate governance involves managing risk and internal control, accountability to stakeholders and shareholders, and managing the business in an ethical and effective way. The main purpose of this article is to present the integrated concept of reporting as well as the national strategy on equal opportunities, including social responsibility and active improvement, with implications for the sustainable development of entities. Totodată explică utilitatea modelului integrat, ca un nou tip de raport, care prezintă informațiile financiare despre activitatea entităților economice, informații nefinanciare despre managementul corporativ, perspectivele strategiei de dezvoltare și riscurile asociate acestora. It also explains the utility of the integrated model, as a new type of report, which presents the financial information on the activity of economic entities, non-financial information on corporate governance, the perspectives of the development strategy and the risks associated with it.
