STRATEGIC DECISION-MAKING SUPPORTED BY TRADITIONAL FINANCIAL INDICATORS
作者: Zoltán MusinszkiGábor Béla Süveges
刊名: Oradea Journal of Business and Economics (OJBE), 2019, Vol.4 (1)
来源数据库: University of Oradea, Faculty of Economic Sciences
关键词: Financial statementFinancial indicatorsStrategyStrategic decision makingBalanced Scorecard.
原始语种摘要: Traditional financial indicators calculated from financial statements cannot provide adequate information for the management, do not support strategic decisions. The reason for this is the methodology used in producing financial statements and the operational logic of financial accounting. Financial accounting thinks in terms of business year that is 12 months. It deals with events of the past, more accurately, with so called economic activities. Financial accounting evaluates such economic activities in terms of monetary processes, which means that the traditional financial indicators have their limits in application. Could it mean that traditional financial indicators cannot be used in the long-term strategic decision making? In our study we point out two connections between financial...
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关键词翻译
关键词翻译
  • financial 财政的
  • indicators 指示器
  • decision 决定
  • making 制定
  • accounting 会计
  • strategic 战略的
  • economic 经济的
  • monetary 金融
  • management 管理
  • operational 运算的