Accounting as an information system in the management of a modern enterprise

Abstract

The purpose of this article is to present accounting as an information system useful in the management of the enterprise. Financial accounting plays a key role as the information base for business management, providing management with the necessary data to make informed decisions. Financial statements are an integral part of business management, as they reflect the financial position, results of operations and cash flows. Studies emphasise the importance of financial statements as a tool for performance evaluation and strategic decision-making. The article defines accounting as an information system of an enterprise. The importance and scope of information provided by financial and management accounting for effective enterprise management are revealed, and current trends in accounting development are analysed. A generalised and multi-level approach to understanding accounting as a key information system used in enterprise management is presented. Accounting is considered as an information model that reflects the real processes at an enterprise. It provides complete, reliable and timely information that influences the decisions of business entities and, consequently, the country's economy. Modern research emphasises the need to adapt accounting to the needs of business management. This includes the introduction of new methods and approaches to increase the relevance of accounting information in the management decision-making process. Effective organisation of financial accounting involves a clear definition of stages, documents and specialists involved. The correct organisation of the accounting process contributes to improving management efficiency and achieving the strategic goals of the enterprise. Management accounting provides managers with the necessary information in a convenient form and with an appropriate degree of accuracy, which facilitates the adoption of sound management decisions. The effectiveness of the enterprise management system largely depends on the quality of accounting information. Thus, the article emphasises the importance of financial accounting as the basis of the enterprise information system, which ensures efficient management and achievement of strategic goals.