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The Role of Accounting Information in the Decision Making Process

Petroianu Grazia – Oana ()
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Petroianu Grazia – Oana: „Constantin Brancoveanu” University of Pitesti, Faculty of Management Marketing in Economic Affairs Braila

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 1, 1594-1598

Abstract: The act of management has always had an essential role in human community activities. The efficiency of a company depends on the quality of managerialt process. This requires performant management, which means competence and rational decisions. Accountancy can support the decision making process and management activity. The objective of an accounting system is to provide financial information concerning the studied company. The information concerns the financial situation and the performance of a company and there is intended to the users to taking decisions. For taking decisions by the management in order to achieve the objectives of the company it is necessary to know exactly the situation of the company, either compared to other companies that work in the same field or in relation to previous periods, this thing being possible through the accounting information.

Keywords: management process; accounting system; decision making process; accounting information. (search for similar items in EconPapers)
JEL-codes: M40 M41 M49 (search for similar items in EconPapers)
Date: 2012
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Handle: RePEc:ovi:oviste:v:xii:y:2012:i:12:p:1594-1598