Importance and relevance of financial information for Decision Making in Business Finance (FE) and Personal Finance (FP).

Abstract

Business organizations through the board of partners or board of directors make the right decisions for the administration of their assets, for this they have highly qualified personnel in the area such as public accountants, who make the relevant study in the preparation of the "Financial Statements", following international standards giving this board of partners information on financial matters With this information, the right decisions are made so that the organization meets its proposed goals or objectives. Therefore, the general objective: Analyze the relevance of "Financial Information" (FI) for business decision making; and as specific objectives: a) Determine the aspects to be considered in the corporate financial management for the correct decision-making; b) Analyze the considerations of "Financial Information" (FI) for business decision making; c) Analyze financial decisions in business organizations.

With the name of personal finance, it has been concerned with applying a study to family groups or single people to be able to manage their own interests throughout life, but not only using economic resources, but also using financial products available to individuals. The general objective of the research is: "to determine the importance of Personal Finance for decision-making in the family nucleus" and as specific objectives are: a) analyze the elements of personal finance for the economy of individuals; b) describe personal financial planning. The methodology applied in this work is descriptive, of qualitative analysis, Internet sources were consulted: scientific journals, books taken from the electronic database. It is concluded that the importance of personal finances is conceived as the administrative practical application of the source of resources of a particular person or a family group.