The utility of cash-flow statement for Romanian financial statements users during financial crisis

摘要

During worldwide financial crisis the majority of Romanian companies try to arrange their financial reports in order to save company's money (in relation with local government) or to show higher performance (in relation with financial institutions) for the fund-raising process. The actual situation characterized by the decrease in number of government control bodies' employers and the low level of audit present only for a small number of Romanian companies, make for financial statement users very difficult to know the real performance situation (presented in profit and loss statement) of companies they are interested. That's why for Romania of now days the cash flow statement (not mandatory by law for all companies) became a very important tool for decision makers which confirm or infirm the performance presented in the Profit and loss statement. The main objective of our paper is to present the main informational valences of cash-flow statement regarding performance for financial statements users, to describe a main-trend of these companies regarding the cash-flow reporting and also to show the potential "make-up artist's actions" in order to manipulate information about a companies for the decision makers. For this purpose we will use a research methodology based on questionnaires on a sample of 70 small and medium enterprises from Western Region of Romania.