Effects of Universal Information Methods on Company Performance

Abstract

This chapter traces the benefits of universal information methods and their contribution to harmonization in business practice. With increasing globalization of the marketplace, international investors need access to financial information based on harmonized information methods and procedures. It is expected that the unified accounting information system will lead to new types of analysis and data, with the possible integration of new indicators from the business management practice of certain countries. The universal information methods are becoming one of the most efficient tools for company performance measurement and evaluation.