The meaning of accounting information in the company`s decision-making process

Abstract

In literature, accounting is considered a business communication language and a major source of data for the economic information system. The area of information provided by accounting is very extensive, which ensures the knowledge and control of the company's financial position. The role of accounting information is to ensure a stable development as well as the realization of the cycles that characterize the purpose of the activities. The production of accounting information at the level of an economic entity must meet needs and provide usefulness to all users of information. The presentation of the qualitative accounting information leads to the foundation of the correct economic decisions in order to ensure and carry out an efficient and profitable activity. Through the systems offered by IT, accounting data is processed, transformed and easily presented in the information needed to control economic situations and to make economic decisions. JEL: M21, M41