PLASE AND ROLE OF ESTIMATION IN THE ACCOUNTING PROCESS

Activities in uncertain environments, entity relationships both internally and with the environment outside give rise to a range of information needs. Special requests require production of information understandable, comparable, relevant and reliable financial statements included in individual or consolidated. In order to build an efficient information system based on estimation techniques, we need to know first what are the elements of financial statements to be determined to use estimates. Thus, the valuation of property, the burden of any company is to make reasonable estimates credible, ensuring obtain a true and faithful image.