Financial informations Related to the Business Decision-Making
Journal Title: TEM JOURNAL - Year 2013, Vol 2, Issue 2
Abstract
It is generally known that there are numerous definitions about the financial systems in whole. But, in the literature today, we can separate one definition about the finances which is in the function of the business decision-making. According to it, the finances can be also interpreted as a discipline that has to secure informations about the managers-leaders of the organization that will help in the process of making the adequate business decisions [1]. The contents, above all, are made by the economic informations and processes: measuring and communicating with the financial inforations. This definition means usage of the informations about the making of the business decisions and identifying of the users of the financial informations. It is out of every suspicion that the understanding of this definition encloses, above all, understanding of the terms about the economic information. Usually, when we make efforts to define the term information, we firstly make difference with the term data. The data represents a kind of a fact which is characteristic for physical phenomenons or business transactions. The data can be defined as a group of non-incidentally received symbols which represent quantity, events, undertaken actions or things. The data can be expressed with letters, numbers or symbols. The infrmations are defined as data processed in a form which is meaningful or valuable for a specific aim. The financial informations represent processed data so that they can be used in planning, control and making of the business decisions. The data represent a raw material which servesfor processing-production of informations.
Authors and Affiliations
Marijan Stevanovski, Aleksandar Dejanovski, Nevena Ristova
Keywords
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