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The value of simulation in accounting to inform management decisions

Author

Listed:
  • Kovalev A. E.

    (Novosibirsk state university of economics and management)

Abstract

The article discusses the role and position of accounting in the planning, forecasting and decision-making. From the point of view of the role of modeling shown the three levels of models: modeling in mind, based on semi-structured data; modeling in mind, based on qualitative information organized; and tool-modeling prediction. Described the evaluation of accounting information as a descriptive model of economic processes of the organization. Included list of recommendations of practical value to the development of the accounting model of economic processes.

Suggested Citation

  • Kovalev A. E., 2016. "The value of simulation in accounting to inform management decisions," World of economics and management / Vestnik NSU. Series: Social and Economics Sciences, Socionet, vol. 16(4), pages 120-130.
    • Handle: RePEc:nos:wjflnh:2016_4_09e
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    More about this item

    Keywords

    management; forecasting; planning; accounting; managerial decisions; descriptive model; predictive model; economic processes; levels of modeling;
    All these keywords.

    JEL classification:

    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • M4 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting

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