Acta academica karviniensia 2012, 12(3):139-150 | DOI: 10.25142/aak.2012.047

ACCOUNTING INFORMATION AS THE FRAMEWORK FOR MANAGEMENT

Karel Šteker, Milana Otrusinová
Ing. Karel Šteker, Ph.D., Ing. Milana Otrusinová, Ph.D., Ústav financí a účetnictví, Fakulta management a ekonomiky, Univerzita Tomáše Bati ve Zlíně, Mostní 5139, 760 01 Zlín, steker@fame.utb.cz, otrusinova@fame.utb.cz

The focus of this article is to present an analysis of the importance of accounting information for the financial management of enterprises in the Czech Republic. This article presents the results of research in 2007 and 2009. The aim of this paper is to discuss the importance of the comparability of accounting information for companies and their performance and competitiveness. The basis of successful financial management is the use of financial analysis, planning, controlling and reporting. All management methods are based on quality input data from financial and management accounting. Accounting is subject to constant changes and development not only in Europe but worldwide as well. Hence the importance of International Financial Reporting Standards (IFRS) will be further increasing in the Czech accounting environment.

Keywords: accounting information, financial management, economic process, performance, international financial reporting standards (IFRS), international public sector accounting standards (IPSAS)
JEL classification: M41, M48, M49

Published: September 30, 2012  Show citation

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Šteker K, Otrusinová M. ACCOUNTING INFORMATION AS THE FRAMEWORK FOR MANAGEMENT. Acta academica karviniensia. 2012;12(3):139-150. doi: 10.25142/aak.2012.047.
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