The importance of accounting information in the decision-making process in organiza tions

Abstract

Faced with an increasingly globalized market, companies need to become more and more competitive, they can use accounting information as a contribution to decision making. In this context, the article aimed to evaluate the importance of accounting information in the decision making process in organizations. In order to answer the research problem, we sought to present the accounting information in the decision-making process and to identify the main accounting reports, based on bibliographic sources. Therefore, the methodology used had a qualitative approach, being its type classified as descriptive and the bibliographic review method. In response to the problem proposed in this research, it is concluded that accounting information is important in the decision making process of organizations, by transmitting to their users information that contributes to the management of the business. Regarding the balance sheet, all the authors stated that there is relevance in their use because it presents the historical evolution of the accounts of both assets and liabilities. Already the result of the exercise is important to expose the financial situation of the company, allowing to compare the revenues. Finally, the cash flow statement is considered important because it allows us to evaluate the company’s ability to meet its commitments. The importance of accounting information to managers and managers is evident because it helps them in the decision-making process.