GENERAL RISKS AND UNCERTAINTIES OF REPORTING AND MANAGEMENT REPORTING RISKS
Purpose: Highlighting risks and uncertainties reporting based on a literature review research. Objectives: The delimitation of risk management models and uncertainties in fundamental research. Research method: Fundamental research study directed to identify the relevant risks’ models presented in en...
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doaj-92d26c23da6646bf88e2d8f40015f63f2020-11-24T22:09:17ZengNicolae Titulescu University Publishing HouseChallenges of the Knowledge Society2068-77962011-04-011-14381445GENERAL RISKS AND UNCERTAINTIES OF REPORTING AND MANAGEMENT REPORTING RISKSCAMELIA I. LUNGUDANIELA N. SAHLIANPurpose: Highlighting risks and uncertainties reporting based on a literature review research. Objectives: The delimitation of risk management models and uncertainties in fundamental research. Research method: Fundamental research study directed to identify the relevant risks’ models presented in entities’ financial statements. Uncertainty is one of the fundamental coordinates of our world. As showed J.K. Galbraith (1978), the world now lives under the age of uncertainty. Moreover, we can say that contemporary society development could be achieved by taking decisions under uncertainty, though, risks. Growing concern for the study of uncertainty, its effects and precautions led to the rather recent emergence of a new science, science of hazards (les cindyniques - l.fr.) (Kenvern, 1991). Current analysis of risk are dominated by Beck’s (1992) notion that a risk society now exists whereby we have become more concerned about our impact upon nature than the impact of nature upon us. Clearly, risk permeates most aspects of corporate but also of regular life decision-making and few can predict with any precision the future. The risk is almost always a major variable in real-world corporate decision-making, and managers that ignore it are in a real peril. In these circumstances, a possible answer is assuming financial discipline with an appropriate system of incentives.http://cks.univnt.ro/uploads/cks_2011_articles/index.php?dir=02_economy%2F&download=cks_2011_economy_art_065.pdfRisksUncertaintiesReportingRisk RecognitionRisk Management |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
CAMELIA I. LUNGU DANIELA N. SAHLIAN |
spellingShingle |
CAMELIA I. LUNGU DANIELA N. SAHLIAN GENERAL RISKS AND UNCERTAINTIES OF REPORTING AND MANAGEMENT REPORTING RISKS Challenges of the Knowledge Society Risks Uncertainties Reporting Risk Recognition Risk Management |
author_facet |
CAMELIA I. LUNGU DANIELA N. SAHLIAN |
author_sort |
CAMELIA I. LUNGU |
title |
GENERAL RISKS AND UNCERTAINTIES OF REPORTING AND MANAGEMENT REPORTING RISKS |
title_short |
GENERAL RISKS AND UNCERTAINTIES OF REPORTING AND MANAGEMENT REPORTING RISKS |
title_full |
GENERAL RISKS AND UNCERTAINTIES OF REPORTING AND MANAGEMENT REPORTING RISKS |
title_fullStr |
GENERAL RISKS AND UNCERTAINTIES OF REPORTING AND MANAGEMENT REPORTING RISKS |
title_full_unstemmed |
GENERAL RISKS AND UNCERTAINTIES OF REPORTING AND MANAGEMENT REPORTING RISKS |
title_sort |
general risks and uncertainties of reporting and management reporting risks |
publisher |
Nicolae Titulescu University Publishing House |
series |
Challenges of the Knowledge Society |
issn |
2068-7796 |
publishDate |
2011-04-01 |
description |
Purpose: Highlighting risks and uncertainties reporting based on a literature review research. Objectives: The delimitation of risk management models and uncertainties in fundamental research. Research method: Fundamental research study directed to identify the relevant risks’ models presented in entities’ financial statements. Uncertainty is one of the fundamental coordinates of our world. As showed J.K. Galbraith (1978), the world now lives under the age of uncertainty. Moreover, we can say that contemporary society development could be achieved by taking decisions under uncertainty, though, risks. Growing concern for the study of uncertainty, its effects and precautions led to the rather recent emergence of a new science, science of hazards (les cindyniques - l.fr.) (Kenvern, 1991). Current analysis of risk are dominated by Beck’s (1992) notion that a risk society now exists whereby we have become more concerned about our impact upon nature than the impact of nature upon us. Clearly, risk permeates most aspects of corporate but also of regular life decision-making and few can predict with any precision the future. The risk is almost always a major variable in real-world corporate decision-making, and managers that ignore it are in a real peril. In these circumstances, a possible answer is assuming financial discipline with an appropriate system of incentives. |
topic |
Risks Uncertainties Reporting Risk Recognition Risk Management |
url |
http://cks.univnt.ro/uploads/cks_2011_articles/index.php?dir=02_economy%2F&download=cks_2011_economy_art_065.pdf |
work_keys_str_mv |
AT cameliailungu generalrisksanduncertaintiesofreportingandmanagementreportingrisks AT danielansahlian generalrisksanduncertaintiesofreportingandmanagementreportingrisks |
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1725812642493235200 |