Open AccessThe role of information in financial decision making process : A theoretical view
Author(s) -
Izet Zeqiri,
Fitim Deari,
Sadri Aliji |
Publication year - 2017
Publication title -
globalizac'ia da biznesi
Language(s) - English
Resource type - Journals
eISSN - 2449-2612
pISSN - 2449-2396
DOI - 10.35945/gb.2017.03.002
Subject(s) - process (computing) , decision making , information needs , context (archaeology) , information system , computer science , business , risk analysis (engineering) , process management , knowledge management , marketing , engineering , paleontology , purchasing , world wide web , electrical engineering , biology , operating system
The role and place of information in financial decision making process is undisputed. The financial decision that doesn’t rely on information would be inaccurate and costly. Information serves and helps in the decision making process both information users, internal and external. Thus, nowadays firms pay enough attention to the construction of appropriate information systems. Such information systems should be able to provide information in time, valuable, and with many rest qualities which are required by user’s needs. In the firm context, different levels of government have different needs. Whereas, the strategic level requires information that is linked with future and a longer time, the tactical level requires such information which includes recent past and future. Or, the operational level requires such information which includes the current state and has informative character.