CÂTEVA ASPECTE REFERITOARE LA FLUXURILE SI CICLURILE FINANCIARE / ISSUES REGARDING FINANCIAL FLOWS AND CYCLES Conf. univ. dr. Panfil Banc, Universitatea ”1 Decembrie 1918” Alba Iulia The study surprised types of flows generated by economic activity of the enterprise, highlighting the focus of their business for treasury. The paper emphasizes how these flows fall into three categories of economic cycles, leading to the emergence of financial balance. Keywords: economic flow, treasury, economic cycle JEL codes: M20, G39, G35