ROLE OF THE MANAGERIAL ACCOUNTING IN DIFFERENT PHASES OF THE CORPORATE LIFE-CYCLE

Veronika Fenyves (), Elvira Bocskei () and David Suto ()
Additional contact information
Veronika Fenyves: University of Debrecen,
Elvira Bocskei: Karoli Gaspar University of the Reformed Church,
David Suto: University of Debrecen,

Annals of Faculty of Economics, 2015, vol. 1, issue 2, 463-470

Abstract: In the last two decades in our economy, a radical change occurred in life and environmental features of corporations. The following things have brought realignment: formation of market economy conditions; essential transformation of the ownership relations in the corporate targets, operation, funding etc. In order to be left standing, the corporations shall constantly pay attention to the changes of their environment and they shall prepare for the changes in time. The owners, leaders of corporations (whatever managing level it is) are up against different decision-making situations in single phases of the corporate life-cycles. The most important task is to help the up-to-date information of leaders in order to make effective business decisions and to operate the firm successfully. The information ensured by the managerial accounting is necessary for the decision-making process and the information supply of leaders. The condition of implementing a management-oriented accounting system is to bring to light the looking to the future instead of/beside the examination of past events.

Keywords: managerial decision-making; corporate operation; decision-making situations; management-oriented accounting system (search for similar items in EconPapers)
JEL-codes: G41 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://anale.steconomiceuoradea.ro/volume/2015/n2/055.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ora:journl:v:1:y:2015:i:2:p:463-470

Access Statistics for this article

More articles in Annals of Faculty of Economics from University of Oradea, Faculty of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Catalin ZMOLE ( this e-mail address is bad, please contact ).