ORGANIZATION OF ACCOUNTING FOR PREPARATION OF REPORTS FOR ECONOMIC BUSINESS ANALYSIS

Authors

  • Ljiljana Stošić Mihajlović Academy of Technical and Educational Vocational Studies, Nis - Serbia

Keywords:

organizational structure, accounting reports, economic analysis

Abstract

This paper discusses the organization of the accounting sector of the company in connection with the preparation of the necessary reports that are the basis for economic analysis of business. The aim of this paper is to point out the importance of purposeful organization of the accounting sector, given its importance in preparing business, especially financial reports, based on which the analysis of business performance is performed, with the aim of implementing corrective actions based on established analysis results. in the advanced planning period it operated successfully. The methodology applied during the preparation of this paper is suitable for research in the social sciences, in general, but also specifically for the area that the paper explores, and these are specific accounting techniques and elements needed for economic analysis. The results we obtained during the research confirm the goal of the research: up-to-date, qualitative and quantitative accounting of business changes is the only real basis on which operations with data from accounting reports are possible, which are related to economic analysis of business changes and business flow planning. . Only well-organized accounting business with timely and credible accounting coverage of business changes provides good information for business analysis and, more importantly, the basis for planning future business activities, which is the main conclusion of this paper. The recommendation for future research, but also for business practice, refers to the constant insistence on efficient and effective organization of accounting, so that it would be able to meet the requirements of management regarding timely and credible business reporting.

Author Biography

Ljiljana Stošić Mihajlović, Academy of Technical and Educational Vocational Studies, Nis - Serbia

Department in Vranje

References

Andrić, M., & Krsmanović, B. (2009). Uloga revizije u korporativnom upravljanju. u: Zbornik radova simpozijuma računovođa i revizora Srbije, Zlatibor

Bernstein, L. A. (1984). Analysis of Finansial Statements, Homewood, Illinois, Richard D. Invin, Inc.

pp. 211

Cooper C., Accounting Tools, Homewood, Illinois, Richard D. lrwin, Inc., 1997/98., pp. 160-164.

Kostić, A.(2017). Savremeni oblik sastavljanja i revizije finansijskih izvještaja na primjeru poslovanja međunarodne organizacije – regional school of public administration (RESPA). Doktorska disertacija, Internacionalni - Univerzitet u Novom Pazaru, departman ekonomija, str. 8.

Lovre, I. (2014). "Uloga i značaj računovodstva i revizije u korporativnom upravljanju", Škola biznisa, No. 1, pp. 69-79. 30

Majstorović, A. (2014). Kontrola i revizija, VSEM, Kragujevac, str. 2.

Đorđević, M. (2004). Korporativno upravljanje - geneza, modeli i problemi. Privredna izgradnja, vol. 47, br. 3-4, str. 191-212.

Higson, A. (2003). Corporate financial reporting - theory and practice. London: Sage Publications.

Robson, A. P. (1988). Essential Accounting for Managers, London, Cassel Publishers Ltd., p. 99.

Stošić Mihajlović, Lj. (2017). Organizacija proizvodno poslovnih sistema, VŠPSS, Vranje, str. 211

Vidaković, S. (2007). Finansijski due diligence privrednih društava. Novi Sad: Fakultet za uslužni biznis 4.

Vidaković, S. (2009). Revizija -osnova kompententnosti, kredibiliteta, poverenja. Novi Sad: Fakultet za uslužni biznis, str. 5.

Vukša, S., & Andžić, S. (2016). Analiza finansijskih izveštaja preduzeća, Akcionarstvo – časopis za menadžment, Vol. 22, No. 1, (2016). str.21

Wilson, R. M. S., & McHugh G., Finansial Analysis - A Managerial Introduction, London, Cassel Educational Limited, p. 16-20.

Downloads

Published

2022-03-30

How to Cite

Stošić Mihajlović, L. (2022). ORGANIZATION OF ACCOUNTING FOR PREPARATION OF REPORTS FOR ECONOMIC BUSINESS ANALYSIS. KNOWLEDGE - International Journal, 51(1), 45–50. Retrieved from https://ikm.mk/ojs/index.php/kij/article/view/5141