THE ROLE OF ACCOUNTING INFORMATION IN UNDERLYING ECONOMIC DECISIONS

Florin-Constantin Dima ()
Additional contact information
Florin-Constantin Dima: “Constantin Brancoveanu” University of Pite?ti, Romania

Contemporary Economy Journal, 2020, vol. 5, issue 1, 6-11

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.

Keywords: accounting information; qualitative characteristics; relevance; credibility; significance threshold; opportunity (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2020
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.revec.ro/papers/200101.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:brc:brccej:v:5:y:2020:i:1:p:6-11

Access Statistics for this article

More articles in Contemporary Economy Journal from Constantin Brancoveanu University
Bibliographic data for series maintained by Cristina GANESCU ().