ENTREPRENEURSHIP, BUSINESS DECISIONS AND ACCOUNTING ANALYSIS
Journal Title: Acta Economica - Year 2003, Vol 2, Issue 2
Abstract
Many researchers see the key factor to entrepreneurial success being the comannd over critical information. Entrepreneurs are individuals who have the ability to identify and evaluate development opportunities; the ability to gather the necessary resources in order to take advantage of such opportunities; and the ability to initiate approtiate action to ensure success. Entrepreneurs may be mostly found in small enterprises. Small enterprises dominate the private sector, small enterprises being defined as enterprises where one or two owners are required to make all critical decisions. Accounting is a subset of financial management and has been definet as the process of identifying, measuring and communicating economic information to permit informed judgments and decisions by users of the information . Financial management, accounting, accounting analysis has a central role in decision making and enterprise success. Directly or indirectly, all decisions have financial implications. Financial managers or acountants therefore play key roles in the enterprise and some knowledge of financial management by small enterprise owners is critical for enterprise success .
Authors and Affiliations
Никола Вукмировић, PhD
Keywords
Related Articles
- EP ID EP43566
- DOI -
- Views 275
- Downloads 0
Macroeconomic (in)stability of Bosnia and Herzegovina – crisis: opportunities or limitations
The answer to the question of whether global processes manifested in the form of financial crisis, are opportunities or limitations for the development of the national economy requires two basic assumptions: – Knowledge...
The Capacity of Republika Srpska for Developing of Small and Middle Enterprises
The experiences in developed countries shown that small and midlle enterprises has become the generator of development of whole economy and employing of people. The small enterprises are much more reliable on market dema...
The importance and role of destination marketing in attracting foreign direct investments
The authors have identified the scope and purpose of this paper by the formulation of the title. The paper points to interdependence between the development and use of destination marketing, on the one hand, and investme...
CONTROVERSIONS ON THE ROLE OF AUDITORS IN PREVENTING AND DISCOVERING FRAUDS
Since the forties of the last century, there has been a continuous discussion on the role of auditors in preventing and discovering frauds. It arises from the gap between what auditors believe they should and can offer w...
IDENTIFYING THE ESSENTIAL FACTORS OF GLOBAL CRISIS – CONDITION FOR UNDERTAKING ADEQUATE MEASURES FOR OVERCOMING THE CRISIS
Current global economic crisis is neither conjuncture nor a cyclic one, but rather a serious systemic crisis, which roots lay in the Breton-Woods (1944) decision to let the American currency – US dollar become world’s re...