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, Serbia

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Published

2021-02-15

How to Cite

Stošić Mihajlović, L. (2021). ORGANIZATION OF ACCOUNTING FOR PREPARATION OF REPORTS FOR ECONOMIC BUSINESS ANALYSIS. KNOWLEDGE - International Journal , 49(1), 231–236. Retrieved from https://ikm.mk/ojs/index.php/kij/article/view/5281

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