THE ROLE OF ACCOUNTING IN DECISION MAKING BY MANAGERS - EMPIRICAL RESEARCH REGARDING THE USE OF FINANCIAL ACCOUNTING INFORMATION

Accounting is a support, a support for management. Accounting is not a purpose itself, but a method of collecting and processing economic and financial data, which are useful for general and financial management of the entity. Accounting information is formed in a sequential manner, as the proceeding of the activity of the entity, while management, in all its forms of manifestation, needs a portfolio of data during the activity and even before the actual performance of the entity's operations, aiming at targeting decisions for the purpose of directing the manufacturing, trade, including the financial activity situation depending on the present circumstances, the new formal reality or in formation. Starting from such considerations, through the research made, we tried to answer the desire to increase the role of accounting and default professional accountant, in the process of business management, in substantiation decisions. Implementation of this approach requires the provision from accounting of a set of methods, procedures and tools that a business manager can use them for tracking, understanding and control of the financial phenomena development, phenomena that are, in turn, in a close interdependence with economic ones.