Using Financial Accounting Information for Evaluation and Control

Making accurate and timely decisions is only possible if management has at its disposal an efficient information system that ensures the necessary data and information on a permanent basis. However, management is required to identify and exploit to the fullest extent possible all possible sources of data and information, and through the compartments to ensure their competent processing in order to obtain the most reliable information, in accordance with economic reality. This article presents the implications and challenges of using financial accounting information for evaluation and control. The results show that the role of financial accounting information is to grasp the needs of company and to create new and attractive solutions.