Journal of Knowledge Management, Economics and Information Technology

We decided to approach this topic, because we consider it as highly topical in the context in which the general business environment suffers notable changes due to new trends in the economic, social and political trends worldwide.
In formulating the answer to the question that is actually the title of this paper, we start from the fact that the business environment is facing with ever more and complex challenges with a major impact on the measures, procedures and techniques to follow for maintaining an upward performance trend.

In this respect, we are going to highlight some arguments that justify the significant, even decisive contribution of the accounting in order to identify, develop and ensure the implementation of the best solutions for business development.

  Accounting – a Pivot of the Business Performance? (1.0 MiB, 2,786 hits)

Analysis of the financial statements of a company is an important means to obtain information about how the company operated in the previous period. Interpretation of the evolution of financial indicators does not always prove to be easy, requiring multiple calculations and combined approaches, while the knowledge and understanding of type of business reviewed are essential in the proper interpretation of the results. Thus, the conclusions of the analysis carried out in a professional manner will be able to correctly describe the evolution of the company and to substantiate the user’s decisions.

  Case Study on Analysis of Financial Statements at a Furniture Manufacturer (483.1 KiB, 48,857 hits)

The relationships among the audit committee independence, nonfinancial performance and financial performance are quite complicated. They are not simply bivariate correlations. Rather, there may be mediating effects or moderating influences on these casual associations. Nonetheless, previous research has not investigated these complicated relationships. This paper seeks to examine the mediating impact of nonfinancial performance on the association between the audit committee independence and financial performance. Further, it also explores the moderating role of the audit committee independence in the influence of nonfinancial performance on financial performance. The findings imply that nonfinancial performance interferes with the effect of the audit committee independence on financial performance, in which it lessens this effect. The empirical results also suggest that the audit committee independence plays the moderating role in the relationship between nonfinancial performance and financial performance, in which the independence of the audit committee is positively related to this relationship.

  Complicated Relationships among Audit Committee Independence, Nonfinancial and Financial Performance (274.9 KiB, 4,109 hits)