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The Content and Quality of the Information Contained in the Financial Statements

Andrei – Mihai Cristea ()
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Andrei – Mihai Cristea: University „1 Decembrie 1918” Alba Iulia

Hyperion Economic Journal, 2017, vol. 5, issue 4, 17-20

Abstract: The financial statements are the basis of the system of financial and economic indicators - through which they collect and consolidate information aimed at financing and distribution of resources available to an entity. In this context, the financial statements it is the responsibility of the primary role of financial information and communication. Also, they shall be responsible for monitoring the objectives set out in the employment and distribution of resources feature, the pursuit of the deviations from the indicators plan according to the system of budgets, but also identify measures should be implemented in order to improve the activity of the entity. Last but not least, on the basis of the financial information shall draw up estimates of future activities, meant to substantiate the decision-making process at management level in the direction of the adoption of measures to render the activity.

Keywords: managerial accounting; accounting information (search for similar items in EconPapers)
JEL-codes: M41 M48 (search for similar items in EconPapers)
Date: 2017
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