Evaluation Consolidated under Financial Group Banca Transilvania

AuthorNeculina Chebac, Mihaela-Cristina Onica
PositionDanubius University, Faculty of Economics - 'Dunarea de Jos' University Galati, Faculty of Economics
Evaluation consolidated under
Financial Group Banca Transilvania
Chebac Neculina1, Onica Mihaela-Cristina2
1“Danubius” University, Faculty of Economics, neculinachebac@yahoo.com,
“Dunarea de Jos” University Galati, Faculty of Economics, cristina_onica@yahoo.com
Abstract: One of the components of prudence measures adopted by the competent
authorities with the regulation and supervision of financial markets at national and
European level is mandatory consolidation of accounts. Romania as member of the
European Union it harmonized national regulations with the European consolidation of
accounts of companies. For the banks have been issued by th e appropriate rules by the
regulators authority, concerned by National Bank of Romania. In accordance with
national regulation s, companies are required to prepare annual consolidated financial
statements may make such situations according to the regulations or accounting in
accordance with Directive VII of the European Economic Community, under
International Financial Reporting Standards.
Keywords: consolidated financial, balance sheet, financial decision, financial balance
indicators, treasury fluxes
Develop VIIth Directive of the European Economic Community was held for the consolidated
accounts and was a necessity for many companies that are an integral part of national or
multinational groups and must present an overall financial internal and external users. Thus, in
evaluating the financial reporting, where fair value should be recorded in accounting, business
evaluation results will be presented as a range of values. When fair values are estimated as values
of the market, the users (auditors, business executives) expects that estimated fair values to
represent more accurately the market value of assets on evaluation.
To the assessor may be required, additional information on the trend of asset prices in balance,
the market liquidity degree of these assets or describing the most important factors of influence.
Consolidated accounts are required to be made by a company (called parent company) where:
- holds a majority of voting rights in another company;
- has the right to appoint or remove a majority of members of the management of another
company ,being in the same time a shareholder or member thereof;
- exercise significant influence over another company which is not associated or shareholder,
by virtue of agreements, whether in contract or in the incorporation of that company.
Consolidated financial statements should be prepared using uniform accounting policies for like
transactions and similar events. If you can not use uniform accounting policies in preparing
consolidated accounts, this must be presented in the notes, together with the weights of items for
which they applied different accounting policies. In many cases, if a member of the group uses

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