View on the location of accounting function in terms of information in a systemic approach of economic enterprise

Iancu Eugenia


The major dilemma of any company’s top management was and remains the prediction of the firm; by carefully analyzing facts and events that defined the company in the past for "n" years, management must make specific prediction about the position of the firm on Company's Business Cycle (CBC) for the next few years. This approach is extremely easy to set, but extremely difficult to apply in business practice in the current global economy. The essential source for decision makers in what consists of informing about facts and events that defined the company in the past was and remains accounting. For at least the last five centuries, accounting information played a key role in strategic business decision making. Solely from the existing analytical information in the various accounts and statements that are prepared periodically in the accounting field of the firm, there are reasonable chances for the senior manager to predict quite realistic the CBC outline for the entity responsible. The development of computers and computer networks has helped enormously the organization of firm’s accounting as well as the manner in which the accounting information, more finished, processed and transmitted (reported) in real time can be exploited by higher decider.


accounting information, economic theory, knowledge base, financial results

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