THE ROLE OF ACCOUNTING INFORMATION IN UNDERLYING ECONOMIC DECISIONS
THE ROLE OF ACCOUNTING INFORMATION IN UNDERLYING ECONOMIC DECISIONS
Author(s): Florin Constantin DimaSubject(s): Business Economy / Management, Accounting - Business Administration, ICT Information and Communications Technologies
Published by: EDITURA INDEPENDENŢA ECONOMICĂ
Keywords: accounting information; qualitative characteristics; relevance; credibility; significance threshold; opportunity;
Summary/Abstract: Accounting can be regarded as the universal economic language of the business world since it is a tool that allows the communication of economic information. Accounting has the role of providing useful information for underlying decisions at the level of economic entities. The accounting information is based on the activity specific to each economic entity. The accounting information is obtained by processing the economic-financial data of the entities using the means specific to the accounting system. Accounting is the most appropriate source of information for the management of economic entities due to the particularities and qualitative characteristics of the information they provide, in relation to any other source of information.
Journal: REVISTA ECONOMIA CONTEMPORANĂ
- Issue Year: 5/2020
- Issue No: 1
- Page Range: 6-11
- Page Count: 6
- Language: English