The issue of interim financial statements for quoted or unquoted companies has become even more relevant in the current context of globalisation of business. The purpose of this research work is to focus on the analysis of the abovementioned type of reporting, taking into account the need for information about the stakeholders and the costs involved and analyse both the international accounting standards IAS/IFRS and the possibility of application them with regard to the situation in the Romania-Ukraine-Moldova border region. In order to achieve the goal, we carried out an empirical research by applying a questionnaire to a target group of 290 traders in the border region: 201 from the northeastern (NE) region of Romania, 46 from Moldova and 43 from Chernivtsi region (Ukraine). The applied questionnaire covers the similarities and differences in interim reporting from the three countries. The analysis of the correlation coefficients to determine the variables that quantify the impact on the obtained costs and benefits of the implementation of interim financial reporting values can be seen as tending towards zero, which indicates a lack of correlation between the variables. This indicates that the interviewed respondents do not associate any symmetric change in the company's costs to the benefits following the implementation of the interim financial reports. That aspect encourages the promotion of this type of reporting among economic operators. As a result of the research, the respondents did not associate a symmetrical change in companies' costs with the benefits identified as a result of the implementation of the interim financial reports; the economic operators that perform a break down of financial reports relating to organisations' internal events have more chances to get significant benefits in order to achieve those companies' financial forecasts. The matrix component recaptured by the Varimax rotation method shows three categories in which the obtained results are grouped for the questions aimed at the structure configuration of interim financial reports in accordance with IAS 34. The first one is the respondents whose vision of the content of interim financial reports is oriented towards detailing the organisation's internal events that have a financial impact: the effect of changes in the composition of the entity during the interim period including business combinations, obtaining or losing control of subsidiaries and long-term investments, restructuring and discontinued operations; issuances, repurchases and repayments of debt and equity; the seasonality or cyclicality of interim operations; changes in contingent liabilities or contingent assets; loan default or breach of a loan agreement that has not been remedied on / or before the end of the reporting period; the nature and amount of items affecting assets, liabilities, equity, net income or cash flows that are unusual because of their nature, size or incidence. The second one is the respondents whose vision of the content of interim financial repo...

The European Union forms new requirements for the efficiency of public institutions and the gradual transformation of public management. The relationship between the viability of public management to solve internal problems and the dynamics of socio-economic development is obvious. So, the evaluation of the viability of public institutions’ actions related to the socio-economic processes in any country has theoretical and practical significance. The purpose of our study is to assess the socio-economic viability of public management in the context of European integration processes. Within the article, a comprehensive study of the public management viability in EU countries is presented. The specificity of the study is to assess the socio-economic viability of public management on the basis of economic and social indicators of EU countries. According to the overview of scientific works it is a need to use a comprehensive indicator of public management viability evaluation. So, the considerable attention is paid to the deepening of methodical aspects of public management effectiveness on the basis of multicriteria methods. The result of the study is the calculation of the Socio-Economic Viability Index of Public Management. The obtained results prove the relationship between the SocioEconomic Viability Index of Public Management and the progress of economic reforms in the EU, with the possibility of appropriate conclusions for countries to identify strengths and weaknesses, justify priorities and means to achieve them in the context of European integration. These conclusions can be used as a starting point to assess the relationship between the level of development of the European country and the quality of its public management. The study confirmed the thesis on the correlation between the SocioEconomic Viability Index of Public Management and Happy Planet Index, The Global Competitiveness Index, Corruption Perceptions Index, Fragile States Index and сonfirm the possibility of using this indicator to assess public management quality in EU countries.

Quarantine economic conditions put forward new demands to tax administration’s efficiency as a priority source of the EU financial resources. The relationship between fair, efficient, sustainable taxation and budget revenues’ adequacy to finance social and economic investment, innovation, and development needs is evident. Therefore, ensuring tax administration’s efficiency and effectiveness in any EU country is of theoretical and practical importance.The study aims to deepen the VAT administration’s theoretical and applied provisions in e-commerce operations in a global convergence of the national economic systems. The analysis of the state and forecast of the VAT mobilization in the EU countries’ e-commerce operations are presented. The research’s specific is to assess the VAT tax base’s future size in the context of changes in the EU tax legislation. According to the scientific literature analysis, in forecasting the studied tax, it is advisable to use econometric forecasting methods based on time series models.As the result of the study, the forecast volumes of the VAT base of Eastern Europe and the amount of approximate future tax revenues are presented. The obtained results confirm the relationship between the growth of e-commerce and VAT tax revenues under such transactions. It led to the presentation of the author’s vision of the VAT administration ecosystem for e-commerce transactions and the allocation of its functional entities.The directions on achieving the VAT mobilization’s maximum volumes following the EU tax legislation requirements in European integration and globalization were substantiated. The submitted conclusions are entitled to be used in tax administration processes to forecast other tax payments.

Agriculture is one of the important sectors in Romania in terms of expanding the cultivated agricultural areas, the number of people working in this field and contribution of the branch to the national economy. Considering the socio-economic dimension of the branch, agriculture represents a viable opportunity in Romania given the qualitative land fund and the pedoclimate’s characteristic still favorable for obtaining financial performance in agriculture. Financial management is a challenge for economic operators in the agriculture. Due to the seasonal character of it, the managerial act of managing cash flow tables is difficult, and managers reach a high rate of indebtedness of the company. The seasonal stage of storage and trading of stocks represents for managers another challenge of financial management and brings with it randomized elements regarding the efficiency of the managerial act in the agricultural sector. The aim of the paper is to conceptualize a modern financial management model timed in agriculture to reduce financial pressure and allow managers to gain more efficiency in managing cash flow charts. The research uses empirical and analytical study methods including literature review, analysis of economic efficiency indicators obtained by agricultural companies in Romania, study of financial projections to identify significant vulnerabilities in cash flows and conceptualization of modern financial agriculture’s management model. The results of the study will be useful to managers of agricultural entities in their approach to efficiency and performance within the development of financial strategies.

Households play one of the key roles in the development of the financial system of any country and the national economy in general. It is the understanding of the behavior of these economic entities in the market of financial services that makes it possible to predict the development of such a market, to understand the mechanisms of the emergence of dissipative processes in the interaction of households and financial institutions, which can form crisis phenomena in the development of such a system and restrain the innovative development of the national economy. This determines the importance and relevance of further research in this direction. Within the article, the impact of modern digital technologies on the development of financial services, in particular financial behavior of households, in the conditions of the formation and active development of the innovative economy is considered. Significant attention is paid to the specification of the methodology for determining the impact of the digitization index and the index of the model transformation of financial behavior of households. It is established that the outlined models are specific and different between various regions in any country. That is why the above method of calculation was used on the example of Ukraine. As a result, information was obtained on the digitalization index, and the transformation index of the financial behavior model of households in twenty-four regions of Ukraine. Based on the use of econometric analysis, algebraic equations of the dependence of the transformation index of the model of financial behavior of households on the digital technologies development in each of the outlined regions were determined.