The Importance of Accounting Information in Decision Making

In the field of accounting, economic information is of great interest, meaning that accountinginformation plays an important part in the economic book-keeping/registration system in general,but also in the economic information system especially for decision making necessary for thebusiness. Although...

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Main Authors: Ionuț Spătărelu, Daniela Petec (Călinescu)
Format: Article
Language:English
Published: Ovidius University Press 2016-01-01
Series:Ovidius University Annals: Economic Sciences Series
Subjects:
Online Access:http://stec.univ-ovidius.ro/html/anale/ENG/2016/2016-I-full/Section-V/32.Spatarelu_Ionut.pdf
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spelling doaj-2bcb9f039f854b599faa0994db0c7fe32020-11-24T23:15:17ZengOvidius University PressOvidius University Annals: Economic Sciences Series2393-31272393-31272016-01-01XVI1611615The Importance of Accounting Information in Decision MakingIonuț Spătărelu0Daniela Petec (Călinescu)1University of CraiovaUniversity of CraiovaIn the field of accounting, economic information is of great interest, meaning that accountinginformation plays an important part in the economic book-keeping/registration system in general,but also in the economic information system especially for decision making necessary for thebusiness. Although accounting information are available for a wide range of users - stakeholders(managers, employees, suppliers, customers, financial creditors, government and its institutions,the public, the media, etc.), the investors (shareholders) are recognized as the privileged users ofaccounting information. Four principal qualitative characteristics must be met for the accounting information to beuseful in the management system: understandability, relevance, reliability and compatibility ofinformation. Any economic transaction processing involves collecting, categorizing, summing andanalyzing the data.http://stec.univ-ovidius.ro/html/anale/ENG/2016/2016-I-full/Section-V/32.Spatarelu_Ionut.pdfaccounting informationdecision makingcharacteristics of accounting informationusers
collection DOAJ
language English
format Article
sources DOAJ
author Ionuț Spătărelu
Daniela Petec (Călinescu)
spellingShingle Ionuț Spătărelu
Daniela Petec (Călinescu)
The Importance of Accounting Information in Decision Making
Ovidius University Annals: Economic Sciences Series
accounting information
decision making
characteristics of accounting information
users
author_facet Ionuț Spătărelu
Daniela Petec (Călinescu)
author_sort Ionuț Spătărelu
title The Importance of Accounting Information in Decision Making
title_short The Importance of Accounting Information in Decision Making
title_full The Importance of Accounting Information in Decision Making
title_fullStr The Importance of Accounting Information in Decision Making
title_full_unstemmed The Importance of Accounting Information in Decision Making
title_sort importance of accounting information in decision making
publisher Ovidius University Press
series Ovidius University Annals: Economic Sciences Series
issn 2393-3127
2393-3127
publishDate 2016-01-01
description In the field of accounting, economic information is of great interest, meaning that accountinginformation plays an important part in the economic book-keeping/registration system in general,but also in the economic information system especially for decision making necessary for thebusiness. Although accounting information are available for a wide range of users - stakeholders(managers, employees, suppliers, customers, financial creditors, government and its institutions,the public, the media, etc.), the investors (shareholders) are recognized as the privileged users ofaccounting information. Four principal qualitative characteristics must be met for the accounting information to beuseful in the management system: understandability, relevance, reliability and compatibility ofinformation. Any economic transaction processing involves collecting, categorizing, summing andanalyzing the data.
topic accounting information
decision making
characteristics of accounting information
users
url http://stec.univ-ovidius.ro/html/anale/ENG/2016/2016-I-full/Section-V/32.Spatarelu_Ionut.pdf
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