<abstract xmlns="http://www.w3.org/1999/xhtml">

Turkey has had another year of high inflation and high devaluation in its economic history. Inflation has been a continuing phenomenon in Turkey for many years. The paper analyzes the consequences of high inflation and devaluation rates on financial statements. Inflation and devaluation create difficulties both for local and foreign subsidiary companies` financial reporting. A model company`s transactions have been used to show the effects of inflation, devaluation on the financial statements. Application of different IAS based reporting methods will create discrepancies among the companies of foreign subsidiaries. Another discrepancy is due to which inflation rate to be applied for IAS 29 purposes. There are two inflation rates being discussed by the public. One is declared by the government statistical agency called “TurkStat” and the other one declared by the non-governmental academicians` organization called “ENAG”. ENAG`s inflation rate-being more than twice of the TurkStat`s makes the case even more interesting. Since government is not going to allow the inflation accounting rules for financial reporting for local/tax purposes for 2022 fiscal year, companies with revenues exceeding expenses and assets exceeding their liabilities will be declaring profits and paying taxes whilst in fact, high inflation and devaluation are sweeping away those profits.
</abstract>

Accounting Professor at California State University Dominguez Hills

Accounting Professor at Gelisim University

The Dilemma of Annual Reporting for Turkish Companies for 2022

<abstract xmlns="http://www.w3.org/1999/xhtml">

The main objective of this research is to identify and systematize tools for measuring the quality of financial reports, in order to support researchers considering this comprehensive area. By using the PRISMA system in as transparent a manner as possible, we also aimed to find potential gaps in all 89 articles and scholarly papers examined in the smallest detail. As the quality of financial reporting is ultimately aimed at mediating the relationship between the entity and the user, it is not a topic addressed individually, the secondary object of this paper is to expose the most common themes and discussions associated with this object of study, such as: characteristics of entities, adoption of International Financial Reporting Standards, shareholding structure, corporate governance and audit committee.
</abstract>

Faculty of Economics and Law, Department of Economic Sciences ED1

University of Medicine, Pharmacy, Science and Technology "George Emil Palade" of Targu Mures

1 Decembrie 1918" University of Alba Iulia

A Screening of Tools to Measure the Quality of Financial Reporting

<abstract xmlns="http://www.w3.org/1999/xhtml">

This study examines the perceptions of stakeholders regarding air quality and how it influences the tourism industry, exploring the relationship between air quality and travel decisions, the impact of air pollution on tourism demand, sustainable rural tourism development, and the level of air quality awareness in tourists' home countries. Utilizing the Q Methodology, based on Stephenson's theoretical concept of operative subjectivity, subjective perceptions and opinions of stakeholders in Mureș County regarding the impact of air quality on the tourism industry were measured. Data were collected through the Q-sort tool from a heterogeneous sample of 20 participants (P-sample) socio-demographically. The research highlights significant concern about air pollution and its impact on tourism and the environment, particularly in Târgu Mureș. The results reveal strong disapproval among the stakeholders, suggesting a common, homogeneous understanding of the importance of environmental protection and the need for a sustainable approach in the tourism industry and beyond. Three relevant factors were identified, including unfavorable perceptions regarding (1) the impact of pollution, (2) consensus on the importance of environmental conservation in sustainable tourism, and (3) diversity of perceptions regarding the impact of pollution on tourism demand and tourist satisfaction. The findings underscore the necessity of a balanced and genuine approach to promote sustainable and responsible tourism, considering similarities and differences in perceptions regarding the impact of pollution on tourism demand.
</abstract>

The Impact of Air Quality on the Tourism Industry: Measuring Stakeholder Subjectivity in Mures Country Using the Q Methodology

<abstract xmlns="http://www.w3.org/1999/xhtml">

In this study, the impact of financial reporting upon investment decision is assessed through investors' behavior and measured by the stock price variation. This research analyzes preliminary, semestrial, and quarterly financial reports from 24 BSE listed companies, namely companies within the BET XT index (14) and companies within the BET AeRO index (10), over the reporting periods between 2018 and 2022. The main finding shows that investors, instead of being influenced by the market general trend, reacted rationally in 47% of the cases as they assigned the highest importance to the fundamentals from the preliminary reports. Based on the results obtained from the two indicators introduced in the research, we concluded that between financial reporting and market sentiment, the factor with the highest level of influence on price variation was financial reporting.
</abstract>

Investors' Reaction to Financial Reporting – Empirical Studies on Price Volatility on the Bucharest Stock Exchange

<abstract xmlns="http://www.w3.org/1999/xhtml">

After a period of pandemic (COVID-19), the liberalisation of electricity markets (on 1 January 2021), the start of the war in Ukraine, the imbalances between energy supply and demand at European level, energy policies at EU (towards green energy) and national level, prices are rising massively and consumption is falling for both individuals and companies, with a direct impact on the financial performance of companies in this sector. The assessment of the financial performance of companies in the energy sector was based on a set of indicators calculated from both financial statement and market data. The analysis was carried out during 2019-30 September 2023 and targeted two producers S.N.G.N. Romgaz S.A., S.N. Nuclearelectrica SA, a carrier C.N.T.E.E. Transelectica SA and a distributor Societatea Energetică Electrică S.A.
</abstract>

Analysis of the Financial Performance of Energy Companies in the Current Context in Romania

<abstract xmlns="http://www.w3.org/1999/xhtml">

Our research focuses on the analysis of the effects of the crises of the last 20 years on the development of the standard of living in Romania and Hungary. In the research, we focus primarily on the economic crisis of 2008 and the economic and social shock caused by the COVID-19 pandemic. The study includes an overview of the economic and social situation of Romania and Hungary, the presentation of the concept of crisis, and the indicators that describe the standard of living (GDP per capita, the Gini coefficient, indicators of poverty and social exclusion and indicators that describe the development of the labor market). In our analysis, we examine and compare the evolution of indicators measuring the standard of living in Romania and Hungary during the crises.
</abstract>

The Effects of Crises on the Living Standards in Romania and Hungary in the 21st Century – Similarities and Differences

<abstract xmlns="http://www.w3.org/1999/xhtml">

Using as a starting point the continuous transformation that the academic environment bears under the impact of the digitization phenomenon, our paper aims at a scientific investigation on the online presence of the educational offer of two universities. Current methods issued from theoretical and professional models have allowed us to highlight a series of criteria that reflect the quality and performance of online digital promotion of admission services in the case of two representative universities in Romania. Thus, we can say that, by building an operational dashboard, educational digital marketing can benefit from decision support tools, useful both in branding policy and in operationalizing online presence and communication.
</abstract>

The Impact of Digitalization in Academic Marketing – A Comparative Study

<abstract xmlns="http://www.w3.org/1999/xhtml">

In the context of the Russian invasion, many FDI companies decided to leave the Russian market. This phenomenon of massive migration of FDI has had a substantial impact on the macroeconomy of the Russian Federation. In this paper we aimed to analyse the effects of FDI company migration on the main macroeconomic indicators. The main macroeconomic indicators were analyzed for a period of 30 years, and based on these developments and the outflow of FDI companies a forecast of the indicators was made.
</abstract>

The Impact of Migration of FDI Companies from Russia in the Context of the Russian-Ukrainian Military Conflict

AHEAD OF PRINT

Volume 17 (2023): Issue 1 (December 2023)

Volume 16 (2022): Issue 1 (June 2022)

Volume 15 (2021): Issue 2 (December 2021)

Volume 15 (2021): Issue 1 (June 2021)

Volume 14 (2020): Issue 2 (December 2020)

Volume 14 (2020): Issue 1 (June 2020)

Volume 13 (2019): Issue 1 (December 2019)

Acta Marisiensis. Seria Oeconomica

Acta Marisiensis. Seria Oeconomica publishes original scientific works in a variety of economic fields, but priority is given to articles covering topics in areas related to finance, accounting and business. The journal is available both in printed and electronic version. The electronic version is published online and open access. We encourage scientists from anywhere to send original articles for publication. Articles can be submitted in both English and Romanian languages, however for foreign authors we can provide free translation for articles submitted only in English, after the peer review process is finished, if the article is accepted. The journal uses a double-blind peer-review policy. Submitted articles are reviewed for scientific quality and originality. Articles sent are verified using anti-plagiarism software prior to peer-review, and suspicious articles are rejected. The journal covers topics such as: accounting innovations; behavioral studies regarding financial information users; relationship between accounting information systems and other organizational structures and processes; organizational strategies for designing accounting systems; cognitive aspects of decision making, planning and investment appraisal.   Acta Marisiensis. Seria Oeconomica promotes original and quality research in finance, accounting and business-related areas. The main scope is to publish annually articles that have a significant contribution to the theoretical and/or methodological literature on topics specific to the journal’s profile. The editorial policy encourages young researchers and students to publish their significant research findings accomplished during the process of elaborating the dissertation thesis/license papers.  Archiving  Sciendo archives the contents of this journal in Portico - digital long-term preservation service of scholarly books, journals and collections.  Plagiarism Policy  The editorial board is participating in a growing community of Similarity Check System's users in order to ensure that the content published is original and trustworthy. Similarity Check is a medium that allows for comprehensive manuscripts screening, aimed to eliminate plagiarism and provide a high standard and quality peer-review process. 