POLICIES AND ACCOUNTING OPTIONS UNDER PRESENTATION OF AN ACCURATE IMAGE OF ACCOUNTING INFORMATION IN THE ACCOUNTING INFORMATION SYSTEM AT TRADE ENTITIES

• Main Author: Adrian-Cosmin Caraiman
• Format: Article
• Language: deu
• Published: University of Oradea 2016-07-01
• Series: Annals of the University of Oradea: Economic Science
• Subjects: accounting policies, accounting notes, accounting options, financial statements, explanatory notes, accounting information system
• Online Access: http://anale.steconomiceuoradea.ro/volume/2016/n1/78.pdf

Constant modification of the conditions of the market and the fierce competition imposed within the economic entities in general, and those in the trade, in particular, finding more efficient ways for obtaining certain information to capture, on a continuing basis, all relevant aspects of internal processes and the interaction with the external environment; so, using solutions based on information technology in the work of economic entities has evolved over time from option to necessity. At economic entities in general accounting policies applied, for the purposes of the regulations in force, refers to the set of procedures applied by the management of an entity with legal personality for accounting operations undertaken since the preparation of the annual financial reporting and respectively of simplified annual accounts financial situations. In the preparation of accounting policies must take account of the specifics of the technical-economic activities carried out by each entity. Managers must design accounting policies so as to ensure transmission through the financial statements/annual accounts, of data and information which are: relevant, credible, complete and neutral, in all significant aspects. Detailed notes have to explain some phenomena, aspects concerning the operations, respectively the accounting records. Accounting notes are presented systematically for each item in the balance sheet and of the profit and loss account. Considering the fact that concerns about the efficiency of managerial decision and hence, in this context, the improvement of accounting information system are not new, I am also of the opinion that the accounting information system, in general, without being exhaustive, must meet the requirement of the rationalization of the accounting information in order to increase the quality of the decision-making process.