 ACCOUNTING - A NORMATIVE REPRESENTATION OF THE ECONOMIC REALITY?Maria Mădălina Voinea
SEA - Practical Application of Science, 2013, issue 1, 383-388 Abstract: An irony of our times may be that, although hundreds of satellites are monitoring the Earth's activity and that the use of informatics has been generalized, allowing the collection, accumulation, transmission and processing of an impressive volume of data – however, the accuracy of the economic-financial data, remains wedded to the demands of reporting of the results and the handling techniques. Despite the many sources of information, however, financial and accounting information, remains the main source reflecting the economic activity and also the results of those activities, as for their own managers, but also for the great diversity of third parties: customers, suppliers, employees, investors, banks, state institutions, etc. Although sometimes regarded as science or art, accountancy, has managed to make world’s biggest economist to have big faith in it. If they don’t understand it, they can easily imagine that accounting as science is very precise, similar to math. In reality, the accounting information is neither simple nor accurate and rarely meets all requirements of the various users. Keywords: Creative accounting; Fraud; Tax evasion (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:cmj:seapas:y:2013:i:1:voineamm Access Statistics for this article SEA - Practical Application of Science is currently edited by Romanian Foundation for Business Intelligence More articles in SEA - Practical Application of Science from Romanian Foundation for Business Intelligence, Editorial Department |
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