SPECIFIC ASPECTS IN THE ACCOUNTING OF RESTRUCTURING EUROPEAN COMPANIES   Cover Image

SPECIFIC ASPECTS IN THE ACCOUNTING OF RESTRUCTURING EUROPEAN COMPANIES
SPECIFIC ASPECTS IN THE ACCOUNTING OF RESTRUCTURING EUROPEAN COMPANIES

Author(s): Cotleţ Dumitru, Marina Uher, Bogdan Cotleţ
Subject(s): Economy
Published by: Editura Eurostampa
Keywords: accounting; the restructuring; European companies

Summary/Abstract: Determined by the law of the European country in which the company is incorporated, accounting is strongly influenced by the accounting rules and principles applied in the country of residence, and restructuring measures can be taken by the company’s governing body and the competent courts in order to decide the initiation of the restructuring procedure for that European company. The restructuring process proposed by the European company's management considers strategies to reduce costs, staff and assets, respectively the separation of part of the business assets, income generation, mergers and acquisitions, as well as strategic alliances.

  • Issue Year: XVII/2011
  • Issue No: 17
  • Page Range: 556-561
  • Page Count: 6
  • Language: English
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