BUSINESS AND FINANCIAL DE
R
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S A 2 0 12
-A d Advanced Research in Scientific Areas 2012
nc
AL CO N F E RE
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va
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in
IR
TU
e d R e s e a rc h
December, 3. - 7. 2012
Sc
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t i fi c A re as
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BUSINESS AND FINANCIAL DECISIONS
BASED ON INFORMATION PROVIDED BY
ACCOUNTING INFORMATION SYSTEMS
M.Sc. Aleksandra Stanković
Miloš Mitrić MBA, CPA, CFE, Cr. FA
Faculty of Hotel Management and Tourism
Vojvođanska nn, 36210 Vrnjačka Banja, Serbia aleksandra.stankovic@kg.ac.rs Faculty of Hotel Management and Tourism
Vojvođanska nn, 36210 Vrnjačka Banja, Serbia milos.mitric@kg.ac.rs Ph.D. Snežana Knežević
Faculty of Organizational Sciences
Jove Ilića 154, 11000 Belgrade, Serbia snezana.knezevic@fon.bg.ac.rs Abstract – Company’s management must have the information in order to make business and financial decisions. As management decisions have crucial importance, the information appears as a key instrument of governance. Information produced by the accounting information systems are important for the effective management of business activities, and according to the type of users, its information requests and needs vary.
The company can achieve its stated objectives and a positive financial result only if the business transactions that take place within certain business processes are controlled. In order to achieve this, it is necessary to implement appropriate information system. Need to provide information resulted in the creation of information systems which simplify the operation of business systems.
In this paper, particular attention is given to the accounting information systems and their importance for the business and financial decision making of individual users.
The companies enter into a business interaction with a number of other enterprises which leads to a rise in the number of business and non-business transactions. These transactions receive character of accounting information when recorded in the books. Products of accounting information systems are data
and
-A
S A 2 0 12
-A d Advanced Research in Scientific Areas 2012
nc
AL CO N F E RE
N
va
C
E
in
IR
TU
e d R e s e a rc h
December, 3. - 7. 2012
Sc
ien
t i fi c A re as
-
V
BUSINESS AND FINANCIAL DECISIONS
BASED ON INFORMATION PROVIDED BY
ACCOUNTING INFORMATION SYSTEMS
M.Sc. Aleksandra Stanković
Miloš Mitrić MBA, CPA, CFE, Cr. FA
Faculty of Hotel Management and Tourism
Vojvođanska nn, 36210 Vrnjačka Banja, Serbia aleksandra.stankovic@kg.ac.rs Faculty of Hotel Management and Tourism
Vojvođanska nn, 36210 Vrnjačka Banja, Serbia milos.mitric@kg.ac.rs Ph.D. Snežana Knežević
Faculty of Organizational Sciences
Jove Ilića 154, 11000 Belgrade, Serbia snezana.knezevic@fon.bg.ac.rs Abstract – Company’s management must have the information in order to make business and financial decisions. As management decisions have crucial importance, the information appears as a key instrument of governance. Information produced by the accounting information systems are important for the effective management of business activities, and according to the type of users, its information requests and needs vary.
The company can achieve its stated objectives and a positive financial result only if the business transactions that take place within certain business processes are controlled. In order to achieve this, it is necessary to implement appropriate information system. Need to provide information resulted in the creation of information systems which simplify the operation of business systems.
In this paper, particular attention is given to the accounting information systems and their importance for the business and financial decision making of individual users.
The companies enter into a business interaction with a number of other enterprises which leads to a rise in the number of business and non-business transactions. These transactions receive character of accounting information when recorded in the books. Products of accounting information systems are data
and
References: Đurić, D., Knežević, S., Barjaktarović, Rakočević, S. (2011), Accounting information system in banking planning and control, Gray, S.J., Needles, B.E. (1999), Finansial Accounting: A Global Approach, Houghton Mifflin Company, Boston. Hall, A. J. (2008), Accounting Information systems, Sixth Edition. Malinić, D. (2011), Ethical dimensions of financial reporting quality, Ekonomika preduzeća.pp izveštaja MRS 1 (International Accounting Standard - Presentation of Financial Statements IAS 1), (2009), Serbian Association of Segments IFRS 8), (2009), Serbian Association of Accountants and Auditors, Belgrade. [11] Ralph, T. (2007), Finance and Accounting Desktop Guide, London, GBR: Thorogood Publishing. [12] Ramagopal, C. (2009), Accounting International, Daryaganj, Delhi, IND.