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The Accounting Activity – a Basic Element in the Strategic Management of an Organization


  • Petroianu Grazia - Oana
  • Petre Mihaela - Cosmina

    () („Constantin Brâncoveanu” University of Pitesti
    Faculty of Management Marketing in Economic Business Braila)


Accountancy deals with the measurement, registration and control of the most important parts of business. Accounting is a central activity in a business’ economical life. The role of accountacy becomes even more important in modern economy, which relies on information. Due to the fact that resources are insufficient, chosing between several alternatives is necessary, and information provided by accountancy is needed to identify the best alternatives. Considering the importance of the financial – accounting information in making decisions, the quality of that information is vital. In contemporary economy, which is in a perpetual transformation, spectacular transformations are carried out in a short period of time based on financial decisions taken by using accounting information and based on its relevance and accuracy. If this information is proved to be untrue for the economic events based on which they have been generated, or are not correctly understood, the result of the decisions will be far from the expected one.

Suggested Citation

  • Petroianu Grazia - Oana & Petre Mihaela - Cosmina, 2010. "The Accounting Activity – a Basic Element in the Strategic Management of an Organization," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 1793-1797, May.
  • Handle: RePEc:ovi:oviste:v:10:y:2010:i:1:p:1793-1797

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    Accounting activity; Strategic management; organization.;

    JEL classification:

    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting


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