BUSINESS AND FINANCIAL DE

Topics: Decision making, Financial statements, International Financial Reporting Standards Pages: 4 (2577 words) Published: December 7, 2014
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Advanced Research in Scientific Areas 2012

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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...

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.
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