Journal of Applied Economic Sciences
VolumeI_Issue1 (1)_2006
Economic environment
Accounting rules and norms
on of
Economic
events
Economic
entity
Accounting
processing
economic reality
t _____
Control device (audit rules and
norms)
Figure 1 - Accounting as measurement instrument
Account
information
As we can see, including the next figure, accounting is not seen anymore exclusively as a
monetary quantization instrument of economic reality, but as a system having as scope the supply of
information in order to take the decisions, representing reality is not a scope by itself anymore, being
subordinated to a new concept aiming to satisfy the informational needs. Accounting continues to
fulfill its measurement function, but it is subordinated to a scope, a fact outlining a new dimension, by
taking into consideration the users of information produced by it, and also their needs, which, in our
opinion, have the same importance in the inflation conditions.
Economic environment
Fundament the decisions
Accounting rules and norms
Economic
entity
Accounting
processing
U
S
E
R
Internal
External
Control device (audit rules
and norms)
Fundament the decisions
Figure 2. Accounting as information system
Informational activities specific to accounting area are the one concerning the production and
use of account information and make reference to actions aiming creation, collection, stocking,
processing of data and then the distribution of information. These activities suppose the performance
of some registration operations and calculation, and also actions of analyzing, interpretation, grouping,
synthesis and use of information in order to take any decision. Extending the perspective over the
accounting, by taking into consideration the user of information offered by it, had been outlined its
communication function, as the transmittal of information to different categories of users for taking
any decisions is just only a communication activity. In case of accounting we are speaking of an
accounting or financial communication, where the connection is established between the company, as
transmitter (producer) of information, and all individuals interested to use these information, as
beneficiaries or receivers of information. The main way of transmitting the accounting products is
represented by the annual financial situations, the information transmitted being obtained pursuant to
15
More intriguing information
1. PROJECTED COSTS FOR SELECTED LOUISIANA VEGETABLE CROPS - 1997 SEASON2. Income Growth and Mobility of Rural Households in Kenya: Role of Education and Historical Patterns in Poverty Reduction
3. MULTIPLE COMPARISONS WITH THE BEST: BAYESIAN PRECISION MEASURES OF EFFICIENCY RANKINGS
4. Fighting windmills? EU industrial interests and global climate negotiations
5. Fiscal Sustainability Across Government Tiers
6. An Economic Analysis of Fresh Fruit and Vegetable Consumption: Implications for Overweight and Obesity among Higher- and Lower-Income Consumers
7. PERFORMANCE PREMISES FOR HUMAN RESOURCES FROM PUBLIC HEALTH ORGANIZATIONS IN ROMANIA
8. Co-ordinating European sectoral policies against the background of European Spatial Development
9. The Formation of Wenzhou Footwear Clusters: How Were the Entry Barriers Overcome?
10. Lending to Agribusinesses in Zambia