Consultancy Activities in the Management of Economic Entities in Romania

Author:Daniel Marius Moscu
Position:Hagiu & Moscu Full Expert Finance SRL, Romania
ISSN: 2067 9211 Performance and Risks in the European Economy
Consultancy Activities in the Management of
Economic Entities in Romania
Daniel Marius Moscu1
Abstract: The management activity of an entity is a planned activity, precalculated and which concerns both
the immediate and long- term economic processes. The latter lead to the extensive development of the entity.
Within the managerial process, in which the economic- financial forecasts play an important role, we
distinguish with priority th e activities of organization and planning of the economic- financial activity of the
entities. In order to achieve th e proposed goals, an important role is played by the con sulting activity,
structured on various fields o f specialization and expertise. In this way we meet technical consultants on
various engineering specialties, tax consultants for the environment subject to taxes and taxes due to the state
budget and not only, explaining the financial- fiscal legislation, applying the tax code and related laws. long-
term, while certain specialties can be met only in certain phases of the management process. Let’s not forget
that the financial activity of the entities also depends on the formation of the Consolidated State Budget .
Another important activity in the managerial activity, is the activity of the auditors, both internal and
financial, who through their expertise and through the expertise of the different internal processes of the
entity, can advise and guide the managers in the decision-making process.
Keywords: consulting; expertise; management; planning; taxes
The term management comes from the Latin- “manum agere- to lead by hand” and is “the art of doing
something with other people” (according to the definition given by Mary Follett).
Another definition of management, still relevant today, we find in Frederick W. Taylor who in his book
“Shop Management” published in 1903, defined it as f ollows: “to know exactly what people want to
do and you he watched, so that they could do it in the best and cheapest way.”
Henri Fayol in his article “Administration Industrielle et Generale”, published in 1916, identifies five
main functions of management:
1. planning;
2. organizing;
3. imposing;
4. coordination;
5. control.
1 Hagiu & Moscu Full Expert Finance SRL, Romania, Corresponding author:

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