OPTIMIZING THE IMPACT OF THE ECONOMIC-FINANCIAL ANALYSIS OF ECONOMIC ENTITIES IN THE FIELD OF CONSTRUCTION BY MODERN INSTRUMENTS

Mihail Alin Stanciu ()
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Mihail Alin Stanciu: Valahia University of Targoviste, Romania

Contemporary Economy Journal, 2021, vol. 6, issue 4, 14-19

Abstract: The economic-financial analysis is seen as a set of concepts, tools, methods, which facilitate the treatment of accounting information to assess the economic and financial situation of an entity and the level and quality of economic performance. The role of the economic analyst is to make some simple figures to "communicate" optimally to all categories interested in economic and financial information. The activity of any entity takes place in a dynamic and aggressive environment which emphasizes the need for the impact of economic and financial analysis on decisions, to be appropriate and balanced. Modern tools for reflecting information, including those of an economic nature, use computer systems to identify, extract and analyze available data to provide real support for business decisions. The information provided by these tools allows the observation of trends, difficulties, and business areas where there is a need to optimize the business. All these elements lead to a decentralization of decisions allowing employees to move from simple executors to decision makers. The main objective of the research of the economic-financial indicators in the construction field concerns the determination of the value of the construction works, as well as of the evolution tendencies, for the subsequent provision of the essential data about the activity of this field at the level of South Muntenia region.

Keywords: economic-financial analysis; accounting information; reporting tools; performance (search for similar items in EconPapers)
JEL-codes: D81 M41 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:brc:brccej:v:6:y:2021:i:4:p:14-19

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