ACCOUNTING INFORMATION – IMPORTANCE, ROLE AND VALUATION
ACCOUNTING INFORMATION – IMPORTANCE, ROLE AND VALUATION

Summary/Abstract: As an objective requirement of financial management, any entity can only function together with its own accounting, order and discipline being basic elements of the legal framework, but also of its own statute. Information about the economic resources controlled or available to an entity and its past ability to change those resources is useful in predicting the entity's strength to generate cash or cash equivalents in the future. Seen as art, science, technique, language of communication and social game, accounting through the data and information provided is a vital element in business management in the contemporary economic context, and the role, importance and valorization of this information is fundamental to the success and sustainability of any entity. Based on theory - pragmatism, general - particular, induction - deduction, national - international relationships, without claiming to be an exhaustive approach, through this article we want to emphasize that accounting information is not only a record-keeping tool, but an essential means of effectively running and managing any business.

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