Evaluation of Accounting Information for Making Management Decisions

The article analyzes the current approaches towards the evaluation of efficiency of accounting information and explains the accounting information evaluation pattern, when taking management decisions with due account for the information streams as influenced by the integration of visual attention and understanding of strategic business plans. Science-based approaches towards understanding the essence of evaluation of accounting information are under analysis. The elements of conceptual pattern of accounting information evaluation prior to taking management decisions have been explained. The process of synthesis of scientific basics of evaluation of accounting information, while taking management decisions, has been clarified. It is found that studying the interdependency between attention and judgment is crucial for evaluating the behavior of managers, while taking decisions. The quality of decisions stands for the capability of managers to take decisions, which comply with the strategic business goals. In this respect, the essential factor determining the quality of the decisions is the mindshare paid to the strategic efficiency indices, while evaluating the accounting information.