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Using Financial Accounting Information for Evaluation and Control

Author

Listed:
  • Hrisanta Cristina Ungureanu
  • Georgiana Burlacu
  • Monika Brigitte Sürgün
  • Nicoleta Ileana Traistaru
  • Aurelian Vranceanu

Abstract

Making accurate and timely decisions is only possible if management has at its disposal an efficient information system that ensures the necessary data and information on a permanent basis. However, management is required to identify and exploit to the fullest extent possible all possible sources of data and information, and through the compartments to ensure their competent processing in order to obtain the most reliable information, in accordance with economic reality. This article presents the implications and challenges of using financial accounting information for evaluation and control. The results show that the role of financial accounting information is to grasp the needs of company and to create new and attractive solutions.

Suggested Citation

  • Hrisanta Cristina Ungureanu & Georgiana Burlacu & Monika Brigitte Sürgün & Nicoleta Ileana Traistaru & Aurelian Vranceanu, 2019. "Using Financial Accounting Information for Evaluation and Control," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 5(2), pages 120-124, June.
    • Handle: RePEc:khe:scajes:v:5:y:2019:i:2:p:120-124
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Financial accounting; evaluation; control; information system; decision;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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