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Plenary Lecture

The Study and Use of Information Accounting under the Negative Influence of Global Economic Crisis

Lecturer Lucian Patrascu
Department of Economics, Accounting and
Computing Mathematics Socio-Human Sciences
„George Baritiu” University
Brasov, ROMANIA
E-mail: luccianpatrascu@yahoo.com

Abstract: We live in a global economy but the political organization of our global society is completely inappropriate. We lack the ability to keep peace and to counter the excesses of financial markets. Without this capability, the global economy is exposed to erosion. Development of a global economy has gone in parallel with the development of a global society. Basic cell of social and political life remains the nation state.
In the context of the economic globalization and with the globalization of capital markets and growing competition, it appears that each country has its own practice and its own accounting system. For the user of financial statements, all this information is often contradictory, difficult to control and especially hard to compare. Accounting is concerned with providing valuable information in order to facilitate the process of decision making. According to the principles of accountancy, ’valuable’ information is that which refers to the decision that is to be taken by its users. And these decisions vary from user to user. The purpose of this analysis is to highlight the combined effect of decisions regarding investments, operations and funding. At the same time, a parallel analysis of the balance sheet (at the beginning and at the end of a certain extent of time) and the profit and loss account of the same interval may lead to drawing sounder conclusions than analysed separately.

Brief Biography of the Speaker:
Academic Positions:
• Lecturer Phd., Department of Economics, Accounting and Computing Mathematics Socio-Human Sciences, „George Baritiu” University of Brasov, Romania.
Scientific activity:
• He has published a total of 8 books. Has participated in 1 national research projects, has published 55 various papers in conference proceedings or refereed journals (30 papers have been published abroad), has participated with 20 papers at the WSEAS Conferences.
Studies:
• Ph.D. in Accounting, Academy of Economic Studies of Bucharest, (2008);
• Licensed in Economy, Faculty Economic Sciences, specialization Accounting and Management
Information Systems, at the „George Baritiu” University of Brasov, Romania (2004);
• Licensed in Law, Faculty of Law, specialization Law, at the „George Baritiu” University of Braşov, Romania(2007);
Experience:
• Lecturer Phd., Department of Economics at „George Baritiu” University of Brasov, Romania;
• Financial accounting manager at „George Baritiu” University of Brasov, Romania (2004-2006).