FAP - Economics, Business & Business Finance

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Browsing FAP - Economics, Business & Business Finance by Author "Dumitrescu-Peculea, Adelina"

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    Financial-Economic Indicators - Vectors of Budgetary Performance. Case Study Romania
    (Elsevier, 2016) Dumitrescu-Peculea, Adelina; Sopu (Mișa), Monica Roxana
    The actions taken in order to make public administration more efficient within the last few years have been concentrated on optimizing the internal processes within public institutions. In doing so, an emphasis was placed upon the method in which public financial resources are utilized. The accumulated experience in theory as well as in practice has shown however, that optimizing the processes of planning financial resources is just as important. As a result, the emphasis can be placed on the efficiency of budgetary processes. To evaluate the budgetary performance a series of financial-economic indicators can be used in order to quantify the method in which financial resources are used, as well as producing a plan for their application. The use of statistical analysis and the evaluation of official data which is offered by public institutions, on the basis of which financial-economic indicators are calculated manages to distinguish this paper from others. The conclusions of this study focuses on the expressivity and usefulness of these indicators.
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    The Challenges of the Administrative Process in a Financial Crisis and their Effectiveness
    (Elsevier , 2016) Dumitrescu-Peculea, Adelina; Dogaru, Tatiana Camelia
    When we think back to the financial crisis which has been over for a few years now, we can only see the negative aspects. However, the positive aspects are incontestable. One of these aspects is represented by the efforts of making the public administrative processes more efficient. Managers of public institutions were obligated, due to lack of funds, to concentrate on creating and/or developing various mechanisms in order to optimize the internal processes with the intention of assuring the development of their activities and obtaining their overall objective. By doing this, they gained the importance of organizational functions such as internal public audits, internal managerial control and governess. The intent of this paper is to present the efficient process which took place in public administration sector of Romania during the financial crisis and immediately after. In order to better understand this procedure, a comparative analysis between the process implemented in Romania and the ones applied by the European Union will be discussed. The conclusions which will be formulated due to this study can be applied both theoretically as well as practically. (C) 2016 The Authors. Published by Elsevier B.V. This is an open access article under the CC BY-NC-ND license