Economic Archive

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  A Model for Financial Reporting of Fixed Tangible Assets in Public Sector Entities

  The article reviews some of the disadvantages related to the current model of financial reporting of fixed tangible assets in public sector entities. A prerequisite for the occurrence of the researched problems is the lack of standardization in the accounting system of those entities. The author suggests a standardized model and supports the ... The article reviews some of the disadvantages related to the current model of financial reporting of fixed tangible assets in public sector entities. A prerequisite for the occurrence of the researched problems is the lack of standardization in the accounting system of those entities. The author suggests a standardized model and supports the thesis that the problem could only be solved through the adoption of accounting standards replacing the existing practice of regulating the accounting process in public sector entities with instructions and letters. The suggested standardized accounting model for primary recognition, current and regular valuation of fixed tangible assets projects the means and ways for improving the accounting system of public sector entities by adapting it to the conceptual framework of the International Public Sector Accounting Standards.

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  Long-term Care – the New Social Risk in Europe

  The ageing of population, changes in the family model, and increased number of women-players on the labour market, as well as changing values and attitudes towards informal delivery of services are the new variables which are becoming a major challenge to the adequacy of European social systems. Until recently, the question as to whose ... The ageing of population, changes in the family model, and increased number of women-players on the labour market, as well as changing values and attitudes towards informal delivery of services are the new variables which are becoming a major challenge to the adequacy of European social systems. Until recently, the question as to whose responsibility it is to take care of dependent elderly persons has had a straightforward answer – the family; therefore the problem was not in the focus of attention of politicians or governments. The current situation is totally different and due to the trends towards an increase in the number of people in need of care, the reduced number of available caretakers, and the ever growing public and private expenditure on social services, the issue has now turned from private into a public one to all EU member states. Therefore, long-term care of elderly people has been labeled as ‘a new social risk’.

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  Some Aspects of the Accounting Analysis of Loans Granted by Commercial Banks

  The accounting analysis performed in banking institutions is of key importance. It is based on information collected exclusively from current and periodic accounting reports. Based on real accounting data, it is found that there are decreased rates of positive growth in credit portfolios. Granted loans are well-secured while at the same time there ... The accounting analysis performed in banking institutions is of key importance. It is based on information collected exclusively from current and periodic accounting reports. Based on real accounting data, it is found that there are decreased rates of positive growth in credit portfolios. Granted loans are well-secured while at the same time there is also an increase in the percentage of non-performing loans. When assessing the risk of collateral it is possible to propose the use of "above-the-moderate risk." It is considered necessary for banks to maintain information about the liquidation value of mortgages or pledged assets, rather than the market price.