THE ROLE OF ACCOUNTING INFORMATION IN D

Economics, Management, and Financial Markets
Volume 6(2), 2011, pp. 188–193, ISSN 1842-3191

THE ROLE OF ACCOUNTING INFORMATION IN
DECISION-MAKING STRATEGIES AND PROCESSES
OVIDIA DOINEA [e-mail] GHEORGHE LEPĂDAT [e-mail] VASILE TOMIŢĂ [e-mail] IONELA DĂNIASA [e-mail] University of Craiova
ABSTRACT. The paper generates insights about the linkages between the exploitation of inside information on capital markets, the integration of organizational information, the use of accounting information, the relationship between information asymmetry and cost of capital, and the computer-based aspects of an organization’s information system. The findings of this study have implications for the evolution of information systems models, the accountant’s relationship to the information system, and the role and utilization of accounting information in decision-making strategies and processes.
JEL: M41, L15, G14
Keywords: accounting information, decision-making, strategy, process

1. Introduction
This paper begins to fill this gap by exploring the construction and delivery of information systems, the quality of the process that produces accounting information systems, the quality of accounting information systems, the process by which organizations acquire information systems, and the role of accounting information. The purpose of this article is to gain a deeper understanding of the use of information systems by different levels of management, the information flows essential to operations and effective internal control, the accuracy and reliability of accounting records and information, the use of

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information technology in business, and the relationship between organizational structure and the information system.
2. The Accountant’s Relationship to the Information System
Hall places the subject of accounting information systems in perspective for accountants. Information is a business resource: it is vital to the survival of

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