Main characteristics of financial information

(1) Financial information is measured in currency. Financial management is a comprehensive job. Only through monetary measurement can we effectively abandon some details of the production and operation activities of enterprises and generally reflect the financial operation process. This is the objective necessity of social development and the need of management.

(2) The financial information is standardized. The standardization of financial information is mainly reflected in three aspects: expression mode, expression time and expression content. In China, the presentation of financial information such as accounting statements is uniformly stipulated and issued by the Ministry of Finance. Enterprises should publish financial information in a certain period according to the relevant accounting system and combined with the specific situation of enterprises. The standardization of financial information also involves related accounting treatment problems.

(3) Financial information is objective. Objective truth is the soul of financial information. An important feature of traditional financial accounting is that its actual treatment must abide by the "objective principle", which determines that it can only record and reflect the history that has happened and become a fact. And through the collection, accumulation and collation of accounting data, to express the operating results and financial status of enterprises. Cheating and making false accounts are the enemy of accounting work.

(4) Financial information is widely used. All units and individuals related to the enterprise will use the financial information of the enterprise. For a long time, due to various political and economic factors, in addition to the relevant state organs need to summarize the accounting statements of enterprises. The general public does not attach importance to financial information. With the deepening of reform and opening up. People pay more and more attention to financial information, and the degree of socialization of financial information reflects the degree of economic openness of a society and the degree of public participation and concern for the national economy.

(5) Dialectics of financial information analysis. On the premise of objective truth, the analysis of financial information should also have dialectical thinking. The same set of data, in view of the different analysis angles and the quality of analysts, may draw completely different analysis conclusions.

Financial information is the main basis for implementing financial management behavior. Without scientific analysis of financial information, financial managers can't understand the actual financial situation of enterprises and can't implement effective management.