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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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 |
work_keys_str_mv |
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