Početna » FINIZ 2018 - The Role of Financial and Non-Financial Reporting in Responsible Business Operation » Accounting, Audit and Forensic Science
THE IMPORTANCE OF FINANCIAL ACCOUNTING INFORMATION FOR BUSINESS MANAGEMENT
Abstract:
Financial accounting provides about 50% of effective information data. This information can be used for decision making processes in business. Unfortunately, the existing situation shows the issue of financial reporting quality. This may lead to the situation when owners and employees of the companies do not trust financial accounting data and do not use it often for decision making. Therefore, the aim of the research is to assess the areas of financial accounting information used in business management decision making in Lithuanian companies. To investigate the theoretical aspect of the importance of financial accounting information for business management, systemic analysis and synthesis of the theoretical insights of scientific literature were applied. The empirical results are based on a questionnaire survey among Lithuanian companies.
CITATION:
IEEE format
E. Besusparienė, E. Vitunskaitė, R. Butėnas, “The Importance of Financial Accounting Information for Business Management,” in FINIZ 2018 - The Role of Financial and Non-Financial Reporting in Responsible Business Operation, Belgrade, Singidunum University, Serbia, 2018, pp. 75-81. doi: 10.15308/finiz-2018-75-81
APA format
Besusparienė, E., Vitunskaitė, E., Butėnas, R. (2018). The Importance of Financial Accounting Information for Business Management. Paper presented at FINIZ 2018 - The Role of Financial and Non-Financial Reporting in Responsible Business Operation. doi:10.15308/finiz-2018-75-81
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