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An efficient information system provides relevant, accurate, reliable and timely information to users. This information is stored as data in files, which must be arranged and maintained so that users can easily obtain the information they need. Data management is a very important part of the economic organizational information system because it influences the speed with which data can be obtained and, therefore, the decision may be taken. There are times when speed decision is vital to the economic organization. Such information systems, resource data type must be organized and structured in a logical way that allows easy access, efficient processing, fast data access and effective management.

The increasing globalization, the explosion of the information age and all the changes on economic, financial and social level has affected the business environment. As a consequence, the organizations are trying to keep up with the competitive requests of the market, while the field of management is going through a revolution. The objective of this paper is to analyze the concept of fad, by underlying their potential negative effects when it comes to the performance of a business. The first section will present the role of managers in organizations and their attraction for fads. The second part will focus on the persons who spread these fads and the impact that unfounded beliefs about how to manage have upon a company. The last part of the paper presents the conclusions, by providing at the same time some solutions, so that managers do not feel in the trap of fads and their promoters.

The study theoretically and practically presents the accounting treatment prescribed for biological assets and agricultural produce by the Romanian Accounting Regulations compliant with the International Financial Reporting Standards (IFRS), by IAS 41 Agriculture, or other applicable standards, such as IAS 2 Inventories, for agricultural produce after the harvest. Thus, the initial valuation and the post-recognition one are treated based on the fair value reliably measured less the costs to sale. The study includes a theoretical part that summarizes the basic notions from IAS 41 Agriculture, such as consumable and bearer biological assets (in the form of inventories), mature and immature, the lands to which they are connected, the bearer plants, the gains and losses from their valuation at the fair value, the specific government grants and the disclosures. As well as a practical part in which case studies are presented in the form of complex examples regarding the prescribed treatment and the entering in the accounts of the transactions with biological assets, based on the Chart of Accounts of the Romanian Accounting Regulations compliant with the IFRS. [ABSTRACT FROM AUTHOR]

The study theoretically and practically presents the accounting treatment prescribed for biological assets and agricultural produce by the Romanian Accounting Regulations compliant with the International Financial Reporting Standards (IFRS), by IAS 41 Agriculture, or other applicable standards, such as IAS 2 Inventories, for agricultural produce after the harvest. Thus, the initial valuation and the post-recognition one are treated based on the fair value reliably measured less the costs to sale. The study includes a theoretical part that summarizes the basic notions from IAS 41 Agriculture, such as consumable and bearer biological assets (in the form of inventories), mature and immature, the lands to which they are connected, the bearer plants, the gains and losses from their valuation at the fair value, the specific government grants and the disclosures. As well as a practical part in which case studies are presented in the form of complex examples regarding the prescribed treatment and the entering in the accounts of the transactions with biological assets, based on the Chart of Accounts of the Romanian Accounting Regulations compliant with the IFRS. [ABSTRACT FROM AUTHOR]