From a philosophical and argumentative perspective, accounting has been a fundamental tool in the financial processes and its auditable operations, because it is accompanied by management as a determining factor in the correct direction of financial resources and decision making.
Consequently, these characteristics guarantee management the determination of productivity and therefore the profitability of the different sections, making it one of the most important management tools.
To this effect, the management model in a company will be formed by the coordination between strategic plans and operational plans, which will allow the detection of deficiencies related to aspects that have to do with the environment in which the company operates.
In this sense, it should be taken into consideration that the economic-financial diagnosis is a tool that allows measuring the company's performance and that is reflected in the accounting.
In turn, it helps management to make timely and efficient decisions based on the information provided by the financial statements.