Tools Designed to Analyze the Enterprise Economic Risk and its Usefulness for Forecasting and Managerial Control
Abstract
Risk is a challenge for any enterprise, because at the time when we identify the risk, it cannot be totally canceled, being assumed different depending on the different attitude. Thus, in the study of risk analysis, it is appreciated that, essentially, there are two categories of variables that cause the greatest sensitivity of the result indicators: the cost structure, being considered the main cause of the economic risk, and the financial structure of the enterprise, which has the potential to determine the financial risk. The size of the operating risk is conditioned by the enterprise's ability to efficiently manage the cost structure and to take into account the fact that it develops unequal sensitivity to activity level variations because some expenditure vary (proportionally or non-proportionally) to the volume of activity, being categorized as variable costs, and another category of expenditure is low or almost of insignificant variability depending on the volume of activity variation, being considered as fixed or structure expenditure, these costs lead to a decrease in enterprise flexibility as they do not have the property to adapt when the volume of activity is changing. Based on these considerations, in the methodological approach of this paper we considered the way of determining the economic risk for two economic entities, which operate in the same geographical area, having the same object of activity, through the instrumentation used in cost-volume analysis, this model of analysis is also a useful tool for forecasting and managerial control.
References
[2] Cișmașu ID. Riscul. Element în fundamentarea deciziei. Concept, metode, aplicații. București (România): Editura Economică; 2003. p. 8, 74.
[3] Petrescu S. Analiză și diagnostic financiar – contabil. Ghid teoretico – aplicativ. București (România): Editura CECCAR; 2006. p. 119, 179.
[4] Mihalciuc CC. Valorificarea informației financiar – contabile în diagnosticul întreprinderii. Iași (România): Editura Sedcom Libris; 2009. p. 473-4.
[5] Bâtcă-Dumitru CG, Calu DA, Ponîrcă AG. Contabilitate managerială, 2nd ed. București (România): Editura CECCAR, 2018. p. 75.
[6] Prunea P. Riscul în activitatea economică. Ipostaze. Factori. Modalități de reducere. București (România): Editura Economică; 2003. p. 410, 414.
[7] Hoanță N. Finanțele firmei. București (România): Editura Economică; 2003. p. 67.
[8] Petrescu S, Mironiuc M. Analiza economico - financiară. Teorie și aplicații. Iași (România): Editura Tiparul; 2002. p. 221.
[9] Păvăloaia W, Paraschivescu, MD, Analiză financiară. Studii de caz. Iași (România): Editura Tehnopress; 2006. p. 131.
[10] Onofrei M. Management financiar. București (România): Editura C.H. Beck; 2006. p. 99.
Copyright (c) 2018 LUMEN Proceedings

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Selection and peer-review under responsibility of the Organizing Committee of the conference. This is an Open Access article distributed under the terms of the Creative Commons Attribution-Noncommercial 4.0 Unported License, permitting all non-commercial use, distribution, and reproduction in any medium, provided the original work is properly cited.