The importance of financial accounting information for business management
Author | Affiliation | |
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Kauno kolegija | ||
Date | Start Page | End Page |
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2018 | 75 | 81 |
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.