Accounting and financial information - the foundation of structuring financial statements and their fundamental role in creating the development strategy of companies

Igor Zdravkoski and Dejan Zdraveski
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Igor Zdravkoski: Faculty of Economics - Prilep, University “St. Kliment Ohridski” – Bitola

Annals - Economy Series, 2010, vol. 4.II, 16-22

Abstract: Scope of the economies of countries and manner of operation in various business entities and institutions creates the amount and importance of information as a whole. Diversity of the structure of information conceives the method and the need for its distribution to those who are interested in it. Hence, the question arises - how to get to the right information? Consumers in order to create their goals and tasks group themselves and search through the pile of information and data for anything that would enable better planning and creating a more secure future. Therefore, accounting managers perceive this very accurately and carefully conceive balance reports by inserting financial data and information that form the bedrock in their future structuring. Namely, the creating of financial statements provides disclosure of accounting and financial information for certain business transactions and actions of the company in a given period.

Keywords: accounting information; financial statements; disclosure; consumers; business transactions (search for similar items in EconPapers)
Date: 2010
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