The following information was submitted:
Transactions: INTERNATIONAL JOURNAL of MATHEMATICAL MODELS AND METHODS IN APPLIED SCIENCES
Transactions ID Number: 19-776
Full Name: Caruntu Constantin
Position: Professor
Age: ON
Sex: Male
Address: Alexandru Vlahuta street (Gorj Hotel area), block 6, Tg-Jiu, Gorj, code 210163
Country: ROMANIA
Tel: 0723159171
Tel prefix:
Fax: 0040253/215031
E-mail address: caruntu_ctin@yahoo.com
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Title of the Paper: The analysis of the inflation's influence over the profit corresponding to turnover and profitability ratios
Authors as they appear in the Paper: Professor Ph.D. Căruntu Constantin, Lecturer Ph.D. Lăpăduşi Mihaela Loredana
Email addresses of all the authors: caruntu_ctin@yahoo.com, loredana@utgjiu.ro
Number of paper pages: 10
Abstract: The priority given to prices stability should be a fundamental objective of the monetary policy towards promoting a sustainable economic growth, to the extent in which it does not damage the fulfilment of its fundamental objective. The financial structure reflects the financing method through own resources or borrowed. The adoption of a certain financial structure represents an important aspect of financial policy of the company. The decision of the financial structure depends on the company, of its economic growth objectives, on the level of the planned profitability and on the risks is prepared to assume and also on the shareholders, banks, state, as the economic conjuncture. The study of the profitability evolution can be done in absolute changes through profit and in relative measures through profitability ratios. The classic patterns of analyzing dynamic rates of return (between accounting periods) met in the specialized literature are built by leaving aside !
the inflation, and results cannot be compared. The information of the profit and loss account is reported at the date when sales and expenses are made. For a better understanding, We will present IAS 29 "Current cost financial statements", par. 30 "Global income statement" according to which: the statement of the global income to the current cost, before retreatment, generally reports current costs at the date the transactions or events generating them occur. The cost of sales and depreciation are recorded at current cost at the time of consumption; sales and expenses are recorded at current costs at the time of consumption; sales and expenses are recorded at money value at that time. This is why all values should be retreated in the unit of measurement existing at the end of the reporting period, using a general price index.12 We will present next the methods to analyze sales related profit and the rates of return under conditions of inflation, using presen!
t values as compared to rated values.
Keywords: Commercial Profitability, Current Cost, Economic Profitability, Financial Profitability, Incomes, Inflation, Profit
EXTENSION of the file: .doc
Special (Invited) Session: Analysis Of A Company's Capacity To Produce Profit Under Inflation Conditions
Organizer of the Session: 648-154.pdf
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