PLASE AND ROLE OF ESTIMATION IN THE ACCOUNTING PROCESS

Dalia Simion, Claudiu Serban and Monica Patrutescu
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Monica Patrutescu: University of Craiova Faculty of Economics and Business Administration

Annals of University of Craiova - Economic Sciences Series, 2013, vol. 1, issue 41, 121-124

Abstract: Activities in uncertain environments, entity relationships both internally and with the environment outside give rise to a range of information needs. Special requests require production of information understandable, comparable, relevant and reliable financial statements included in individual or consolidated. In order to build an efficient information system based on estimation techniques, we need to know first what are the elements of financial statements to be determined to use estimates. Thus, the valuation of property, the burden of any company is to make reasonable estimates credible, ensuring obtain a true and faithful image.

Keywords: valuation; financial statements; accounting estimates; uncetainty (search for similar items in EconPapers)
JEL-codes: G32 M41 (search for similar items in EconPapers)
Date: 2013
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