The essence and concepts of accounting information paradoxes and assessment of their impact on management decisions
Accounting information serves as a primary source for the formation of financial and management accounting data for further managerial decisions. However, existing forms of financial reporting cannot fully meet the information needs of stakeholders. One of the reasons is the paradox of accounting in...
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| Format: | Article |
| Language: | English |
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Zhytomyr Polytechnic State University
2021-12-01
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| Series: | Проблеми теорії та методології бухгалтерського обліку, контролю і аналізу |
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| Online Access: | http://pbo.ztu.edu.ua/article/view/251926 |
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| author | Y.S. І.М. D.A. |
| author_facet | Y.S. І.М. D.A. |
| author_sort | Y.S. |
| collection | DOAJ |
| description | Accounting information serves as a primary source for the formation of financial and management accounting data for further managerial decisions. However, existing forms of financial reporting cannot fully meet the information needs of stakeholders. One of the reasons is the paradox of accounting information. Accounting paradoxes are not fully studied and requires proper coverage, first of all, the generation of theoretical and methodological framework, in order to better understand and optimize the existing contradictions and controversial issues. The article highlights the economic essence of accounting paradoxes, their importance in the process of making effective management decisions, identifies the causes of formation, impact and consequences of distortion of the accounting data in making rational management decisions.
On the basis of the conducted research the author’s classification of accounting paradoxes on common signs is generated. The role of the influence of accounting data paradoxes on the further activity of the enterprise is argued. The causal relationship between the possibility of distortion of accounting information at different stages of its formation depending on the object of accounting and its further transformation into management data is identified. As a result of the analysis of the outlined topic a number of solutions of problem questions are offered, namely: optimization of the accounting information, minimization of influence of paradoxes of the accounting information. |
| format | Article |
| id | doaj-art-0741b8b303394993ae9406f4ec4adf50 |
| institution | Kabale University |
| issn | 1994-1749 2708-4957 |
| language | English |
| publishDate | 2021-12-01 |
| publisher | Zhytomyr Polytechnic State University |
| record_format | Article |
| series | Проблеми теорії та методології бухгалтерського обліку, контролю і аналізу |
| spelling | doaj-art-0741b8b303394993ae9406f4ec4adf502025-08-20T03:49:16ZengZhytomyr Polytechnic State UniversityПроблеми теорії та методології бухгалтерського обліку, контролю і аналізу1994-17492708-49572021-12-013503641https://doi.org/10.26642/pbo-2021-3(50)-36-41The essence and concepts of accounting information paradoxes and assessment of their impact on management decisionsY.S. 0І.М. 1D.A. 2SerpeninovaBurdenkoNovikovaAccounting information serves as a primary source for the formation of financial and management accounting data for further managerial decisions. However, existing forms of financial reporting cannot fully meet the information needs of stakeholders. One of the reasons is the paradox of accounting information. Accounting paradoxes are not fully studied and requires proper coverage, first of all, the generation of theoretical and methodological framework, in order to better understand and optimize the existing contradictions and controversial issues. The article highlights the economic essence of accounting paradoxes, their importance in the process of making effective management decisions, identifies the causes of formation, impact and consequences of distortion of the accounting data in making rational management decisions. On the basis of the conducted research the author’s classification of accounting paradoxes on common signs is generated. The role of the influence of accounting data paradoxes on the further activity of the enterprise is argued. The causal relationship between the possibility of distortion of accounting information at different stages of its formation depending on the object of accounting and its further transformation into management data is identified. As a result of the analysis of the outlined topic a number of solutions of problem questions are offered, namely: optimization of the accounting information, minimization of influence of paradoxes of the accounting information.http://pbo.ztu.edu.ua/article/view/251926paradoxes of accounting informationmanagement accountingstakeholdersquality of accounting information |
| spellingShingle | Y.S. І.М. D.A. The essence and concepts of accounting information paradoxes and assessment of their impact on management decisions Проблеми теорії та методології бухгалтерського обліку, контролю і аналізу paradoxes of accounting information management accounting stakeholders quality of accounting information |
| title | The essence and concepts of accounting information paradoxes and assessment of their impact on management decisions |
| title_full | The essence and concepts of accounting information paradoxes and assessment of their impact on management decisions |
| title_fullStr | The essence and concepts of accounting information paradoxes and assessment of their impact on management decisions |
| title_full_unstemmed | The essence and concepts of accounting information paradoxes and assessment of their impact on management decisions |
| title_short | The essence and concepts of accounting information paradoxes and assessment of their impact on management decisions |
| title_sort | essence and concepts of accounting information paradoxes and assessment of their impact on management decisions |
| topic | paradoxes of accounting information management accounting stakeholders quality of accounting information |
| url | http://pbo.ztu.edu.ua/article/view/251926 |
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