Financial Reporting in the Furniture Industry

The furniture industry is one of particular importance to Romania, as the superior valorization of wood represents a strategic objective at country level (Marginean, 2015). The assessment of the financial position and performance of the economic entities belonging to this sector is of particular imp...

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Bibliographic Details
Published in:Bulletin of the Transilvania University of Brașov. Series V, Economic science Economic science, 2017-07, Vol.10 (2), p.179-186
Main Author: Baba, Mirela Camelia
Format: Article
Language:English
Subjects:
Accounting
Balance sheets
Corporate profits
Credit policy
Debt
Economics
Equity
Financial performance
Financial reporting
Financial statements
Furniture
Furniture industry
Insolvency
Investments
Knowledge management
Market positioning
Sales
Solvency
Trends
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Summary:The furniture industry is one of particular importance to Romania, as the superior valorization of wood represents a strategic objective at country level (Marginean, 2015). The assessment of the financial position and performance of the economic entities belonging to this sector is of particular importance not only to the national economy, but also to the interests pursued by management, shareholders, commercial partners and creditors. This study focuses on investigating and analysing the financial reports of 15 companies in the furniture industry in Romania. The analysis is based on data collected between 2008 and 2016.
ISSN:2065-2194