DIFFERENTIATION PROBLEMS IN THE FIELD OF THEORETICAL ANALYSIS AND ACCOUNTING

Abstract

In their work, the authors paid special attention to different interpretations of financial analysis as well as its relationship with modern accounting. In recent decades, the accounting system and financial analysis have been constantly changing. The American model of administrative and methodological management in accounting has become a trend in the past decades. The paper deals with economic and methodological problems concerning accounting regulators as well as the relationship between scientific and practical aspects of accounting. The authors paid special attention to different interpretations of financial analysis and its relationship with modern accounting. They stress the modern trend of transformation of traditional financial reporting and, in that context, to the strengthening of the information and analytical component. The authors see green accounting as a trend of the 21st century. They also point out that costs should be adjusted so that they do not become a burden but a need that pays off. The situation has changed in the last quarter of a century in terms of the evolution of accounting in the modern economy. It is the science of a company's financial model. Intangible goods are growing faster and faster. Companies are becoming increasingly based on knowledge. The correlation between income and expenditure is characterized by higher material investments such as intellectual property and the like. Research in that area is not only focused on the implementation of intangible knowledge, but also on practice in which accounting principles remain as one of the most important components. Public reporting is an important argument when making investment decisions. The application of analytics in the science and practice of business management is also important. The generic term "economic analysis" determines the apparatus and the key when making management decisions. The concept of financial analysis is highly ranked in economically developed countries. It includes determining the level of risk and expected risk. Over time, the relationship between quantitative and qualitative analysis has been established, with an important role of modeling. Quantitative assessment often leads to wrong conclusions because practice is not based only on quantity. Market reforms were implemented in Serbia. It is now easier to efficiently identify trends and benchmarks. When talking about analysis, one should always keep in mind that by definition there is a dose of subjectivity. Analysis has its share in controlling and understanding the factors of increasing business efficiency in a company. That is why it is recommended that every decision should be the result of analytical activities, without which it is not possible to interpret the economic indicators of the model and thus the efficiency of a company's operations. Today, more and more people are talking about the need for systematic data collection, which aims to always consider the strategic accounting of environmental costs as a useful factor in the operational activities of the company. Thus, the information flows that characterize a company in the coming decades will become unimaginable without economic accounting.