Accounting Information in Analisys of Economic Activity and Decision Making System

ªerban Claudiu (), Simion Dalia () and Pãtruþescu Monica ()
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ªerban Claudiu: University of Craiova,Faculty of Economics, Craiova, Romania
Simion Dalia: University of Craiova,Faculty of Economics, Craiova, Romania
Pãtruþescu Monica: University of Craiova,Faculty of Economics, Craiova, Romania

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 2, 1367-1371

Abstract: The role of accounting information in the decision making is essential, especially thanks to its dual, the circuit processes information in a financial accounting and management accounting cycle. In this way, management uses the information to determine business strategy on the one hand, and to provide operational management on the other. Accounting area is not isolated but is covered by a complex system of links inside (productive and functional segments, their makers), and the outside (customers, banks, shareholders). By its action, accounting even lead to optimization of the decision, the corresponding allocation of resources. Destination information system of an economic entity is providing support and exploitation of the decision, setting the relationship between these two sides. Subsystems can be found in its composition dedicated to activities and information purposes aimed ultimately lead productive process, having as a common basis, the accounting information.

Keywords: decision making process; information system; financial accounting; management accounting; information system of inventories. (search for similar items in EconPapers)
JEL-codes: M40 M41 (search for similar items in EconPapers)
Date: 2012
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