GRUIESCU, Miliaria; MOREGA, Dan; IOANĂŞ, Corina
May 2013
Metalurgia International;May2013, Vol. 18 Issue 5, p240
Academic Journal
The business represents a complex category, whose measurement requires using an indicators system. This work has tried to present some of the most used economic and financial indicators used in the companies, without claiming that I have covered them all. Companies must to be able to measure managerial performance if they are to control operations and achieve organizational goals. As companies grow or their activities become more complex, they often attempt to decentralize decision making as much as possible by restructuring into several division and treating each as an independent business. It is necessary to build a system of indicators which can provide the most accurate measurement of the concepts used in the business performance analysis. The system must be built to ensure the measurement of the performances and to allow the identification of the relationships, that are established between the different categories of indicators. The essence of performance measurement is to determine how well 'somebody'. or 'something'. is doing although it should be noted that the 'something' will always, ultimately, be 'somebody's' responsibility. Accounting information is used by financial managers to make decisions regarding to receipt and use of funds to meet corporate objectives and to forecast future needs. The finance function analyses the accounting information to improve decisions affecting the company's wealth.


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