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CREATIVE TECHNIQUES FOR MODELING PERFORMANCE REPORTED IN FINANCIAL STATEMENTS

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Author(s): BOGDAN COTLEŢ | CRISTINA MIHAELA NAGY | OVIDIU MEGAN | DUMITRU COTLEŢ

Journal: Anale : Seria Ştiinţe Economice. Timişoara
ISSN 1582-2680

Volume: XVIII;
Start page: 407;
Date: 2012;
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Keywords: Income statement | maximize profits | Creative techniques

ABSTRACT
The profit and loss account summarizes the ensemble of operations that contributed to the formation of the result, profit or loss. The economic theory considers that the goal of any enterprise is to maximize profits. There are, however, enterprises that wish to obtain only a satisfactory profit. Accounting practices allow to enable enterprises to present, within certain limits, results compliant with their goals rather than with reality.
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