IDEAS home Printed from https://ideas.repec.org/a/brc/brccej/v6y2021i4p14-19.html
   My bibliography  Save this article

Optimizing The Impact Of The Economic-Financial Analysis Of Economic Entities In The Field Of Construction By Modern Instruments

Author

Listed:
  • Mihail Alin STANCIU

    (Valahia University of Targoviste, Romania)

Abstract

The economic-financial analysis is seen as a set of concepts, tools, methods, which facilitate the treatment of accounting information to assess the economic and financial situation of an entity and the level and quality of economic performance. The role of the economic analyst is to make some simple figures to "communicate" optimally to all categories interested in economic and financial information. The activity of any entity takes place in a dynamic and aggressive environment which emphasizes the need for the impact of economic and financial analysis on decisions, to be appropriate and balanced. Modern tools for reflecting information, including those of an economic nature, use computer systems to identify, extract and analyze available data to provide real support for business decisions. The information provided by these tools allows the observation of trends, difficulties, and business areas where there is a need to optimize the business. All these elements lead to a decentralization of decisions allowing employees to move from simple executors to decision makers. The main objective of the research of the economic-financial indicators in the construction field concerns the determination of the value of the construction works, as well as of the evolution tendencies, for the subsequent provision of the essential data about the activity of this field at the level of South Muntenia region.

Suggested Citation

  • Mihail Alin STANCIU, 2021. "Optimizing The Impact Of The Economic-Financial Analysis Of Economic Entities In The Field Of Construction By Modern Instruments," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 6(4), pages 14-19.
  • Handle: RePEc:brc:brccej:v:6:y:2021:i:4:p:14-19
    as

    Download full text from publisher

    File URL: http://www.revec.ro/papers/210402.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    economic-financial analysis; accounting information; reporting tools; performance;
    All these keywords.

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

    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:brc:brccej:v:6:y:2021:i:4:p:14-19. 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: Cristina GANESCU (email available below). General contact details of provider: http://www.univcb.ro/ .

    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.