Further Requirements To Be Set For The Information

‭FURTHER REQUIREMENTS TO BE SET FOR THE INFORMATION‬ I‭n addition to the requirements that information must meet on grounds of relevance‬ ‭and reliability, the requirements to be imposed on business economics, legal and‬ ‭other grounds are also important. This applies to the legal requirements, especially‬ ‭from the perspective of e-commerce. This concerns information and archive‬ ‭management, and the issue of the evidentiary value of electronic signatures.‬ ‭Introduction‬ ‭ ithout aiming for completeness, apart from relevance and reliability, a number of‬ W ‭further requirements for the information to be provided can be mentioned, including:‬ -‭ ‬ ‭-‬ ‭-‬ ‭The requirements to be imposed on business economic grounds; The‬ ‭requirements to be imposed on legal grounds; as well as the‬ ‭requirements to be imposed on other grounds.‬ ‭The requirements to b e imposed on b usiness economic grounds‬ ‭ he requirements to be imposed on business economic grounds are in fact included in‬ T ‭the information needs with regard to judgment and decision-making. The summary in‬ ‭this paragraph therefore serves more as a checklist of things that need to be‬ ‭considered. ON the basis of the business economics subtopics internal‬ ‭reporting and‬ ‭external reporting‬‭For example, the requirements stated below can be imposed or‬ ‭disabilities can be formulated with regard to the data to be provided by the‬ ‭administration. These requirements are grouped by the problem areas ``value and profit‬ ‭determination‟, „financing‟ and „internal organization‟.‬ ‭T he problem area regarding value‬‭and profit determination may‬‭give rise to the following requirements:‬ ‭-‬ ‭Application of principles for valuation and determination of results that are appropriate to‬ t‭he nature of the business activities and the method of use of information (for example‬ ‭cost price or manufacturing price, or variants of current or fair value);‬ ‭-‬ ‭Allocation of:‬ ‭O‬‭Receipts for periods for the purpose of determining‬‭revenue (based on the‬ -‭ ‬ ‭-‬ ‭-‬ -‭ ‬ ‭-‬ ‭-‬ ‭-‬ ‭-‬ r‭ ealization principle or performance performed); and‬ ‭O‬ ‭Expenditure on periods based on causal relationships‬‭with revenues (matching);‬ ‭Separate between unrealized and realized value differences;‬ ‭Distinguish between technical and economic stocks;‬ ‭Make a separation between normative and actual cost amounts (possible differences:‬ ‭efficiency differences, occupancy differences, price differences and budget‬ ‭differences);‬ ‭Take interest on equity into account in the cost price;‬ ‭Separate between fixed and variable costs;‬ ‭Calculation based on normal occupancy;‬ ‭Group costs by cost drivers; Contrasting pre-‬ ‭and post-calculation.‬ ‭ he business economics subtopics corporate‬‭financing for‬‭example, highlights the‬ T ‭following desirability with regard to the data to be provided:‬ ‭-‬ ‭Distinction between equity and debt;‬ ‭-‬ ‭Distinction of debt capital according to the term of availability;‬ -‭ ‬ D ‭ istinction of capital goods according to their circulation time;‬ ‭-‬ ‭Providing data necessary to determine future financing needs; Distinction of‬ ‭-‬ ‭revenues ('cash flows') according to investment object.Finally, with regard to the‬ ‭business economics subtopic‬ ‭-‬ ‭internal organization‬‭for example, the following desirabilities are still recognised:‬ -‭ ‬ ‭Registration of authorities granted and responsibilities established (including per‬ ‭responsibility center for costs, profits or investments);‬ ‭-‬ ‭Registration of objectives, expectations, plans, standards, budgets and‬ ‭assignments with details of responsible officials;‬ ‭-‬ ‭Registration of the demands on production capacity resulting from the acceptance‬ ‭ f orders and/or the prospect of certain delivery times;‬ o ‭-‬ ‭Separate between designated and free stocks;‬ -‭ ‬ ‭Grouping of costs and revenues by responsibility centers and/or by responsible‬ ‭officers;‬ -‭ ‬ R ‭ egistration of resource consumption and productive performance with detail by organs;‬ ‭-‬ ‭Registration of the values with grouping according to desirable points of view.‬