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Role Of The Managerial Accounting In Different Phases Of The Corporate Life-Cycle

Author

Listed:
  • Veronika Fenyves

    (University of Debrecen,)

  • Elvira Bocskei

    (Karoli Gaspar University of the Reformed Church,)

  • David Suto

    (University of Debrecen,)

Abstract

In the last two decades in our economy, a radical change occurred in life and environmental features of corporations. The following things have brought realignment: formation of market economy conditions; essential transformation of the ownership relations in the corporate targets, operation, funding etc. In order to be left standing, the corporations shall constantly pay attention to the changes of their environment and they shall prepare for the changes in time. The owners, leaders of corporations (whatever managing level it is) are up against different decision-making situations in single phases of the corporate life-cycles. The most important task is to help the up-to-date information of leaders in order to make effective business decisions and to operate the firm successfully. The information ensured by the managerial accounting is necessary for the decision-making process and the information supply of leaders. The condition of implementing a management-oriented accounting system is to bring to light the looking to the future instead of/beside the examination of past events.

Suggested Citation

  • Veronika Fenyves & Elvira Bocskei & David Suto, 2015. "Role Of The Managerial Accounting In Different Phases Of The Corporate Life-Cycle," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 463-470, December.
    • Handle: RePEc:ora:journl:v:1:y:2015:i:2:p:463-470
    as

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    File URL: http://anale.steconomiceuoradea.ro/volume/2015/n2/055.pdf
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    References listed on IDEAS

    as
    1. Robert E. Quinn & Kim Cameron, 1983. "Organizational Life Cycles and Shifting Criteria of Effectiveness: Some Preliminary Evidence," Management Science, INFORMS, vol. 29(1), pages 33-51, January.
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    More about this item

    Keywords

    managerial decision-making; corporate operation; decision-making situations; management-oriented accounting system;
    All these keywords.

    JEL classification:

    • G41 - Financial Economics - - Behavioral Finance - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making in Financial Markets

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