The 6th edition of the specialized book "Accounting. From theory to practice. Method and modelling", which is addressed to all those who wish to acquire and/or deepen their knowledge in the field of accounting, has been improved by updating it with the latest changes in accounting legislation, by approaching from a new perspective the main concepts and the inclusion of more suggestive practical examples. For this purpose, in addition to the detailed presentation of the main theoretical aspects, a great emphasis was placed on synthesizing in schematic form the notions that present complex structures and relationships, as well as on the algorithmization and, finally, the representation, in the form of logical schemes , of specific accounting processes. These aspects that personalize the work are completed by the harmonious combination of theoretical knowledge with solved practical examples, but also with examples addressed to the reader to be solved and thus ensure a substantial increase in the effectiveness of the learning process.
Therefore, it can be said that, by detailing in the ways described above the issue of accounting, starting with its role and place in the organization and management of economic activities, the working method, highlighting and reporting the state of an economic entity, this new edition is constituted in - an important tool, available to all those interested in learning and specializing in this field. At the same time, the book is accessible and useful to managers at all hierarchical levels, as it provides them with the theoretical and practical basis necessary for the efficient organization and management of economic activities.
Last but not least, a series of important aspects have been inserted in the book that contribute to the highlighting of the scientific character of accounting, as well as to the creation of premises for the further improvement of accounting as an informational system and, implicitly, as a science. In this sense, the general problem of economic theories and mechanisms was addressed, but also the one related to the establishment and organization of commercial companies, the relationship within them, the relationship of accounting with taxation and management, as well as the impact of managerial decisions on the result.
Finally, we appreciate that this new edition offers the reader an overview of the major role of accounting in the initiation and development of economic-financial transactions.
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The work "Accounting. From theory to practice. The accounting cycle and the closing of the financial exercise" aims to complete the area described in "Accounting. From theory to practice. Method and modelling" by detailing in a form accessible to beginners, but also useful to practitioners, the main aspects related to the analysis and operation of accounts, the accounting cycle, the closing of the exercise, as well as the interconnection with taxation (VAT mechanism, taxation of profit and incomes of micro-enterprises, taxation of dividends, etc.). The work ends with an accounting monograph that constitutes an important working tool at the users' fingertips for mastering specific accounting techniques.
In this volume, I continued the application of the method of systematization, algorithmization and presentation, in schematic form, of the complex issue, thus achieving not only a condensation of the content but above all the efficiency of understanding and implicitly of learning.
The presented arguments recommend this work to all those who want to study accounting in the wider context of economic preparation, but also to those who need some details necessary to deepen their knowledge and perfect their practice in the field.
An important element of originality is the interactive character of the practical applications, in the sense that the reader is invited to complete some parts of the analysis and the accounting formula with the concrete data found in the statement of the problem. Based on direct observations but also on the pertinent suggestions made by my students, the 6th edition brings important changes regarding the introduction of communication exercises, a development of theoretical and practical approaches regarding the analysis of annual financial statements, etc.
All this we hope to write the work "Accounting. From theory to practice. The accounting cycle and the closing of the financial exercise" in the overall efforts of specialists in the field, to provide users with the most effective learning and working tools.