scholarly journals Accounting Information in a Business Decision-Making Process – Evidence from Croatia

2015 ◽  
Vol 18 (1) ◽  
pp. 61-79 ◽  
Author(s):  
Ana Ježovita
Keyword(s):  
Decision Making ◽  
Empirical Research ◽  
Accounting Information ◽  
Financial Statements ◽  
Decision Making Process ◽  
Business Decision ◽  
Accounting Data ◽  
Financial Position ◽  
Business Efficiency

Abstract The objective of the conducted research includes examining importance of financial statements and financial statements analysis in business decision-making process. Conducted empirical research is focused on analysis of determining and evaluating the frequency of using accounting data and annual financial statements within the business decision-making process. According to obtained results, it can be concluded that more than 60% of examines frequently use accounting information and information available from annual financial statements within business decision-making process, and that they are familiar with methods of using technics of financial statements analysis for purposes of evaluating financial position and business efficiency.

scholarly journals Cost with time can yield reliable and relevant financial accounting information

2004 ◽  
Vol 2 (1) ◽  
pp. 60-72 ◽  
Author(s):  
Eno L. Inanga ◽  
Bruce Schneider
Keyword(s):  
Decision Making ◽  
Accounting Information ◽  
Financial Statements ◽  
Financial Accounting ◽  
Corporate Accountability ◽  
Accounting Data ◽  
Historical Cost ◽  
Lead Users ◽  
Accounting Reports ◽  
Nominal Amount

It is generally accepted that one of the key financial accounting problems of the day is how to make financial accounting reports, as tools for corporate accountability and stewardship reporting, both reliable and relevant. Practitioners, rule makers, and academics are struggling with this dilemma that is inherent in historical cost financial statements. This paper suggests that historical cost, transactions- based accounting data is nominally reliable, which is an attribute of relevance, but it can be made timelessly relevant, if data about the precise date and time the nominal amount of the transaction was measured are made available to users. Furthermore, the presumption those company-related accountants and the auditors need to prepare a set of financial statements that they need to make relevant to an unknown set of users, should be abandoned. The valuation algorithm, the processes for making historical cost data relevant to situation-specific decision-making, are the prerogative and, most importantly, the responsibility of the users based on their perceptions of the dynamic, quantum world and their unique needs. The paper develops the logical reasons for the positions taken. It also argues that US-GAAP and the resulting financial statements may lead users of accounting information to allege that the financial statements are fraudulent. It is well-recognized by accountants and users that time, the details of which are currently under-reported, is a material fact related to the significance and usefulness of accounting information. Thus, the omission of facts about when the measurements were made, known to be important to understanding the reported information, may be the basis for the allegation of fraud.

scholarly journals Manfaat Penggunaan Informasi Akuntansi Bagi Usaha Kecil dan Menengah (UKM) di Kota Padang

Jurnal Ecogen ◽  
2019 ◽  
Vol 2 (4) ◽  
pp. 617
Author(s):  
Arya Febriadi ◽  
Syamwil Syamwil ◽  
Efni Cerya
Keyword(s):  
Qualitative Data ◽  
Small And Medium Enterprises ◽  
Accounting Information ◽  
Financial Statements ◽  
Financial Statement ◽  
Decision Making Process ◽  
Financial Position ◽  
Small Medium Enterprises ◽  
Medium Enterprises ◽  
Qualitative Data Collection

The contribution of Small Medium Enterprises (SMEs) is very important in supporting the growth of the Indonesian economy. In the continuity of the business, surely good management is needed. Management should be able to prepare financial statements so the accounting information that contained within it can be beneficial to the business. This study aims to determine the benefits of accounting information for Small and Medium Enterprises (SMEs) in Padang city. This type of research is descriptive qualitative. Data collection was carried out by interviews with informants using guidelines for interviews and documentation. The informants in this study are three small and medium enterprises (SMEs) that already preparing financial statements consisting of statements of financial position and income statements. The results of the study showed that accounting information beneficial for SMEs assisting in decision making process and accountability. Keyword: acounting information, small medium enterprises (smes), financial statement

scholarly journals ANALISIS LAPORAN KEUANGAN

2021 ◽  
Author(s):  
Nabila Rajab ◽  
israeni
Keyword(s):  
Decision Making ◽  
Financial Statements ◽  
Financial Data ◽  
Financial Statement ◽  
Decision Making Process ◽  
Sources Of Information ◽  
Financial Statement Analysis ◽  
Financial Position ◽  
Economic Decisions ◽  
Tools And Techniques

Financial statements are an important tool to obtain information regarding the financial position and results achieved by the company. Financial statements are one of the most important sources of information for making economic decisions. Financial statement analysis includes the application of tools and techniques to financial statements and financial data in order to obtain measures and relationships that are useful in the decision-making process.

scholarly journals Exploring the level of utilizing management reports in decision-making in Croatian companies

2021 ◽  
Vol 26 (2) ◽  
pp. 63-78
Author(s):  
Mirjana Hladika ◽  
Berislav Žmuk
Keyword(s):  
Decision Making ◽  
Positive Impact ◽  
Management Accounting ◽  
Accounting Information ◽  
Decision Making Process ◽  
Business Decisions ◽  
Accounting Information System ◽  
Business Decision ◽  
A Company ◽  
Important Basis

Effective business decisions have a positive impact on the overall business of a company. Each business decision should be based on relevant, high-quality, and reliable information prepared by a management accountant in accordance with managers' specific requirements. In order to be support the efficient decision-making process, the management accounting information should be appropriate for a particular business decision, and it should reflect the role, responsibility, and value it has for a manager that participates in the decision-making. This paper aims to investigate whether the management accounting information system is developed in Croatian companies. In order to collect data for the analysis, a web survey was conducted on a representative sample of Croatian companies. Overall, 225 companies from the real sector participated in the survey. The results have shown that managers consider management reports an important basis in decision-making. Furthermore, the findings of this study have shown that managers in large companies use management reports to a greater extent in decision-making than managers in micro, small, and medium-sized companies do.

Accounting statements and operational controllership

1996 ◽  
Vol 2 (1) ◽  
pp. 135-139
Author(s):  
Lajoš Žager
Keyword(s):  
Decision Making ◽  
Information Systems ◽  
Accounting Information ◽  
Financial Statements ◽  
Financial Ratios ◽  
Accounting System ◽  
Business Decision ◽  
Accounting Information Systems ◽  
Comprehensive Information

Accountancy information is the output of accounting system, presented in the form of different statements. Auditing examines true and fair view of financial statements. Financial statements analysis contains a series of various procedures by which financial statements data are processed into accounting information relevant to management. It is financial ratios which communicate the information. Operational controllership requires connecting accounting and non-accounting information. Controllership provides quality and comprehensive information for business decision making proces through integrating accounting and non-accounting information systems and through adjusting these systems to requirements of information users.

scholarly journals THE COMPANY ACCOUNTING EVALUATION – PRELIMINARY PHASE OF THE PROPER ANALYSIS OF FINANCIAL STATEMENTS

2008 ◽  
pp. 70
Author(s):  
Doina Pacurari ◽  
Mircea Muntean
Keyword(s):  
Cash Flow ◽  
Accounting Information ◽  
Financial Statements ◽  
Negative Effects ◽  
Accrual Accounting ◽  
Financial Position ◽  
Economic Reality ◽  
Result Management ◽  
Preliminary Phase ◽  
Proper Analysis

The problem that the accounting information do not always reflect the economic reality may affect the analysis and forecast based on financial statements. This is due both to the accrual accounting limitations and to the fact that this type of accounting allows the result management. In spite of some disadvantages, the accrual accounting is considered superior to cash accounting in measuring the performances and determining financial position as well as in the predicting of future cash flow. In order to limit the negative effects on the results of analysis and forecast based on financial statements, the analists should evaluate the enterprise accounting and if necessary adjust the financial statements so they reflect the economic reality.

scholarly journals Feminist Judging in the 'Real World'

2018 ◽  
Vol 8 (9) ◽  
pp. 1275-1306 ◽  
Author(s):  
Rosemary Hunter
Keyword(s):  
Decision Making ◽  
Empirical Research ◽  
Real World ◽  
Interview Data ◽  
Feminist Perspective ◽  
Decision Making Process ◽  
The Real ◽  
Judicial Practice ◽  
Tools And Techniques

The various feminist judgment projects (FJPs) have explored through the imagined rewriting of judgments a range of ways in which a feminist perspective may be applied to the practice of judging. But how do these imagined judgments compare to what actual feminist judges do? This article presents the results of the author’s empirical research to date on ‘real world’ feminist judging. Drawing on case study and interview data it explores the how, when and where of feminist judging, that is, the feminist resources, tools and techniques judges have drawn upon, the stages in the hearing and decision-making process at which these resources, tools and techniques have been deployed, and the areas of law in which they have been applied. The article goes on to consider observed and potential limits on feminist judicial practice, before drawing conclusions about the comparison between ‘real world’ feminist judging and the practices of FJPs. Los proyectos de sentencias feministas, a través de la reelaboración imaginaria de sentencias judiciales, han explorado multitud de vías en las que las perspectivas feministas se podrían aplicar a la práctica judicial. Pero ¿qué resulta de la comparación entre dichas sentencias y la práctica real de las juezas feministas? Este artículo presenta los resultados de la investigación empírica de la autora. Se analiza el cómo, el cuándo y el dónde de la labor judicial feminista, es decir, los recursos, herramientas y técnicas feministas que las juezas han utilizado, las fases de audiencia y toma de decisión en las que se han utilizado y las áreas del derecho en que se han aplicado. Además, se toman en consideración los límites observados y potenciales de la práctica judicial feminista, y se extraen conclusiones sobre la comparación entre la labor judicial feminista en el “mundo real” y la práctica de los proyectos de tribunales feministas.

scholarly journals Executive decision-making in fashion retail: a phenomenological exploration of resources and strategies

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Danielle Sponder Testa ◽  
Elena E. Karpova
Keyword(s):  
Decision Making ◽  
Academic Research ◽  
Phenomenological Approach ◽  
Study Data ◽  
Decision Making Process ◽  
Business Decision ◽  
Content Type ◽  
External Data ◽  
Executive Decision Making ◽  
Fashion Retail

PurposeDecision-makers must be well-informed to successfully impact the future of the business. The purpose of this study was to explore experiences of US fashion retail executives when making business decisions to understand what resources and strategies are utilized within the decision-making process. Additionally, the role of academic research within executive decision-making process was explored.Design/methodology/approachThis study utilized a phenomenological approach to understand the experiences of fashion retail executives when engaging in business decision-making. Fifteen US fashion retail executives participated in the study. Data were collected through in-depth individual interviews and thematically coded to gain a holistic perspective of the decision-making process within the fashion retail industry.FindingsAs the result of the data analysis and interpretation, three topical areas emerged:: “Incredible Amounts of Information,” “Industry Specific Academic Research” and “Have a Clear Road Map.” The findings suggested that while the facts gleaned from internal and external data are of great importance to fashion professionals, insights gathered from social media are equally influential within the decision-making process. The authors identified five major strategies utilized consistently by fashion retail executives regardless of the type of business they represented: collaboration, adaptability, speed, gut instinct and creativity.Research limitations/implicationsThe results are important to fashion retail companies for improving internal decision-making processes. The identified resources and strategies of the decision-making process can be incorporated into fashion program curricula and considered as learning outcomes when preparing future industry professionals.Originality/valueLimited studies have explored the decision-making process specific to the fashion retail environment, an uncertain and ever-changing industry. Further, the study shed light on the opportunity for academic research use in fashion retail decision-making and contributes to the literature by developing a fashion retail decision-making model.

The Limitations of Financial Reporting on Innovation and Its Value-Relevance for the Investor's Decision-Making Process

2019 ◽  
pp. 390-418
Author(s):  
Francisco Leote ◽  
Ana Damião
Keyword(s):  
Decision Making ◽  
Financial Reporting ◽  
Value Relevance ◽  
Financial Statements ◽  
Individual Characteristics ◽  
Decision Making Process ◽  
Accounting Systems ◽  
Financial Factors ◽  
The Individual ◽  
Industry Sectors

This chapter aims to present some limitations of financial reporting on innovation with an impact on the investor's decision-making process. In order to do so, the authors show how accounting recognizes and measures innovation factors: the intangibles. Based on the literature, the authors discuss how the value relevance of financial reporting on innovation is conditioned by non-financial factors. The impacts of the adoption of IFRSs, the effect of the industry sectors and the effect of the individual characteristics of the different countries on the value relevance of the intangible assets are analyzed. The literature suggests a decrease in the value relevance of financial statements due to the manner in which intangibles are recognized and measured in accounting. However, financial reporting on innovation is value relevant to the investor's decision-making and is conditioned by non-financial factors. Value relevance differs among different industry sectors, between different countries and is conditioned by the accounting systems used in the preparation of the financial information.

A Needle in a Haystack

2011 ◽  
pp. 310-320
Author(s):  
Chad J. Cray
Keyword(s):  
Decision Making ◽  
Information Technology ◽  
Empirical Research ◽  
Failure Rate ◽  
Project Managers ◽  
Decision Making Process ◽  
High Failure Rate ◽  
It Projects ◽  
Extant Literature ◽  
Development Methodology

Considering the high failure rate of information technology (IT) projects over the last 40 years, project managers should use all the tools at their disposal in order to make their project a success; however, more than half of all project managers fail to use a powerful tool that is readily available – a development methodology. A development methodology provides structure to a project, which facilitates communication, establishes expectations, enhances quality and promotes consistency. One potential reason project managers do not employ a development methodology is that selecting the correct methodology from among the hundreds available can be an overwhelming task. For this reason, understanding the decision-making process, and identifying those factors that influence it, is a worthwhile endeavor. While empirical research in this area is lacking, a review of the extant literature reveals several factors that are important when choosing a development methodology. In this chapter, many of these factors are identified, a model for categorizing them is proposed, and a model for selecting a methodology is presented.

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