IDEAS home Printed from https://ideas.repec.org/a/scm/ausvfe/v9y2009i1(9)p202-208.html
   My bibliography  Save this article

The Pertinence Of Information Furnished By Financial Situations

Author

Listed:
  • Florin BOGHEAN

    (“Stefan cel Mare”University of Suceava, Romania)

  • Elena HLACIUC

    (“Stefan cel Mare”University of Suceava, Romania)

  • Carmen BOGHEAN

    (“Stefan cel Mare”University of Suceava, Romania)

Abstract

In contemporary economy, which unde rgoes perpetual transformation, spectacular changes occur within a short time span, on the basis of financial decisions made by using accounting information and relying on its accuracy and relevance. However, if this information proves to be incongruous wi th the economic events that generated it or is misunderstood, the decisions’ result will be far from what is expected. But what is information in economic terms? How can we distinguish between information and non -information? How can we know that we are really informed? These are questions that are featured in many national and international conferences. In our opinion, information represents a set of data that determines the change of the probabilities expected by the beneficiary after future events take place. The information’s value depends on the impact it has on future decisions, which results into a high degree of subjectivity as to its interpretation and use. Cost is also an important element in choosing alternative sources for information. From an accounting point of view, information is valuable if it is of use to those who possess it in a form of decision -making that leads to the expected results

Suggested Citation

  • Florin BOGHEAN & Elena HLACIUC & Carmen BOGHEAN, 2009. "The Pertinence Of Information Furnished By Financial Situations," The Annals of the "Stefan cel Mare" University of Suceava. Fascicle of The Faculty of Economics and Public Administration, "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration, vol. 9(1(9)), pages 202-208, June.
    • Handle: RePEc:scm:ausvfe:v:9:y:2009:i:1(9):p:202-208
    as

    Download full text from publisher

    File URL: http://www.seap.usv.ro/annals/arhiva/ANNALS%20VOL.9,NR.1(9),2009%20fulltext.pdf
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:scm:ausvfe:v:9:y:2009:i:1(9):p:202-208. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Liviu Scutariu (email available below). General contact details of provider: https://edirc.repec.org/data/feusvro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.