IDEAS home Printed from https://ideas.repec.org/a/rau/journl/v10y2016i1p121-130.html
   My bibliography  Save this article

Financial Statements – Main Source Of Information For The Process Of Management And Decision Making

Author

Listed:
  • Marilena-Roxana Zuca

    (Romanian-American University, Bucharest, Romania)

Abstract

Managerial decisions have certain aspects that are different from the analyzed perspective. From the point of view of human resources to be hired, the management of the entity takes decisions based on the amounts investes in resources and exploitation transactions as well as a proper financing mix. These are the reasons for which accuracy and the level of detail in information has to be at a higher level in order to support the business and it increase its value. The quality of decision-making is dependent to a large extent on the amount and quality of information upon which the decision is based on, which, once adopted is considered the most important process that takes place in the management of an entity. This, more so today, as IFRS generated changes in the conceptual sense of fundamental elements of financial reporting and results, as well as increased volatility of indicators results, leading to consolidation of the interest for information, analysis and decision making.

Suggested Citation

  • Marilena-Roxana Zuca, 2016. "Financial Statements – Main Source Of Information For The Process Of Management And Decision Making," Romanian Economic Business Review, Romanian-American University, vol. 10(1), pages 121-130, May.
    • Handle: RePEc:rau:journl:v:10:y:2016:i:1:p:121-130
    as

    Download full text from publisher

    File URL: http://www.rebe.rau.ro/RePEc/rau/jisomg/SU16/JISOM-SU16-A12.pdf
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    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:rau:journl:v:10:y:2016:i:1:p:121-130. 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: Alex Tabusca (email available below). General contact details of provider: https://edirc.repec.org/data/firauro.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.