The value of simulation in accounting to inform management decisions

Kovalev A. E. ()
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Kovalev A. E.: Novosibirsk state university of economics and management

World of economics and management / Vestnik NSU. Series: Social and Economics Sciences, 2016, vol. 16, issue 4, 120-130

Abstract: The article discusses the role and position of accounting in the planning, forecasting and decision-making. From the point of view of the role of modeling shown the three levels of models: modeling in mind, based on semi-structured data; modeling in mind, based on qualitative information organized; and tool-modeling prediction. Described the evaluation of accounting information as a descriptive model of economic processes of the organization. Included list of recommendations of practical value to the development of the accounting model of economic processes.

Keywords: management; forecasting; planning; accounting; managerial decisions; descriptive model; predictive model; economic processes; levels of modeling (search for similar items in EconPapers)
JEL-codes: D8 M4 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:nos:wjflnh:2016_4_09e

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