Accounting as a Mechanism for Ensuring the Credibility of Economic Information

Abstract

This paper examines the role of accounting in enhancing the credibility of economic information within an entity. In the current economic environment, marked by uncertainty, competition and increasing reporting requirements, users of accounting information need not only data, but also confidence that such data are accurate, relevant and verifiable. The purpose of this research is to highlight the way in which accounting contributes to building trust in figures through supporting documents, double-entry bookkeeping, trial balance, internal control and financial reporting. The study is based on the analysis of specialized literature and normative sources in the field of accounting. The results show that accounting information becomes credible when it is produced according to clear rules, supported by documentary evidence and subject to verification procedures. Therefore, accounting should be regarded not only as a technical process of recording economic operations, but also as an important mechanism that transforms raw data into useful and trustworthy information for decision-making. CZU: 657:[005.35+005.53](478); JEL: M41, M42