|29th IBIMA Conference
3 - 4 May 2017
The Quality Assessment of Accounting Information from the Aspect of Business Management
Anna Látečková, Zuzana Bigasová and Vladimír Bolek,
Accounting is regarded as a comprehensive information system, that provides information about the economic situation of the company. It is very important that this information is reliable in every aspect of their further use. The aim of our research is to assess the quality of accounting information and its application in business management. The object of our research is the enterprise information system of selected companies, the subject of research is the accounting information. Data are derived from the available literature sources and from research carried out in selected agro-food enterprises and software companies (we focused on software for the processing of double-entry bookkeeping). The underlying data were obtained by the observation, direct interviews and questionnaires. There were applied basic scientific methods: analysis, comparison, synthesis and also mathematical and graphical evaluation for the processing data. The quality of accounting information affects on business activity. The result of our work is a set of characteristics, based on which it is possible to assess the quality of accounting information from the business management aspect. Incorrect, non-objective and late accounting information leads to incorrectly quantified profit or loss and incorrectly managerial decisions. In the paper we present a proposal to the requirements that should fulfill information needs of managers in the area of economic management. We consider that the most important are accounting information in accordance with the Accounting Act, related government regulations and meet the information needs of managers. The results will contribute to the improvement of management and decision making by managers.