THE COMMUNICATION PROCESS OF THE FINANCIAL REPORTING

Autor: Nicolaescu Cristina, Moț Ioana
Jazyk: German<br />English<br />French<br />Italian
Rok vydání: 2013
Předmět:
Zdroj: Annals of the University of Oradea: Economic Science, Vol 22, Iss 1, Pp 1266-1272 (2013)
Druh dokumentu: article
ISSN: 1222-569X
1582-5450
Popis: An information has value through the financial reporting. Such are taken into account factors such as: the nature of the event referred to financial reporting, the adequacy of the presentation, the credibility and integrity of information, readability necessary to allow some conclusions on a reasonable impact on the financial statements, the investors risk profile and processing skills recovery opportunities. Communication is not an end in itself. Its existence can not be conceived outside support a general policy orientated goals undertaken by the organization. In this situation, organization and communication should be viewed as complementary tools and not as independent techniques. In the communication process, it must be designed in such a way as to contribute to the objectives of the entity. Communication is managed in accordance with the overall strategic plan of the specific activity of that entity. The financial communication tools are: accounting information and financial information. We can say that for accounting and its environment is interested accounting information and for financial analysis is interesed financial information conducted with the help of financial indicators. In determining values for financial reporting information, should be considered category of users whom it is addressed as well as the purpose for which the information is used. Entering barriers to effective communication, due to lack of a common reference system or a difference in experience between the entity and its external environment leads to failure. This article aims to answer the question to what extent the current contents of financial reports for these factors and provide useful information to users. To demonstrate the communication within an entity will present research conducted for 4 business entity of 4 different counties Communication is not an end in itself. Its existence can not be conceived outside support a general policy orientated goals undertaken by the organization. In this situation, organization and communication should be viewed as complementary tools and not as independent techniques. The conclusion is that the way in which financial information is transmitted by the annual financial statements depends not only on the quantity or quality of the information but also on the way we effectively communicate with all that it involves.
Databáze: Directory of Open Access Journals
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