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Contents
INTRODUCTION............................................................................................ 2
INTEGRATED ACCOUNTING SYSTEM FOR COMPANIES.................................2
ROLE OF ACCOUNTING................................................................................ 3
THE ADVANTAGES........................................................................................ 3
COMPONENTS.............................................................................................. 3
CONTROVERSY ON THE INTEGRATED ACCOUNTING SYSTEM......................3

INTRODUCTION

The main function of the accounting system in the current economy

is to provide a fair presentation of the financial statements. In the
area of globalization of financial markets and the need for financial
information investors are examining relevant accounting issues in
the development and implementation of integrated accounting
systems. Technology in information is implying in most
organizations' affairs. This is essential in relation to most of the
tasks involved in the analysis and presentation of information and,
as such, is practically obliged to activate management control in
modern organizations.
The Integrated Accounting System is an accounting software
package for the management of economic and financial resources
for public sector entities. As an instrument of accounting
registration, it allows, in addition to having inputs for its managerial
work, to comply with the timely delivery of useful and reliable
information to the Ministry of Economy and Public Finance, with the
quality and consistency required of the institutions that administer
public resources.
The SINCOM performs all accounting operations, such as the
definition of the structure of accounts, the load, the programmatic
opening of the budget, registration of transactions, generation of
vouchers and reports

INTEGRATED ACCOUNTING SYSTEM FOR COMPANIES

The information system of the company is the ideal solution to

optimize the circulation of financial and accounting information that
the effort to recover processed and disseminated information

In the context of globalization of financial markets and the need for

financial reporting, the purpose of this paper is to present the model
in which investors are reviewing development-relevant accounting
issues and implements the development of integrated systematic
accounting

ROLE OF ACCOUNTING

Fundamental role of accounting in modern economics is to provide

fair presentation of financial statements in the context of financial
markets globalization and the need for financial information
investors are reviewing relevant accounting issues in development
and implement comprehensive systematized accounting

THE ADVANTAGES

In an accounting information system are:

1. Internal communication between internal and external results
2. Reduce complexity Efficiency and cost reduction in
accounting Standardization companies
3. Take care of the equivalence of indexes
4. Larger agreement and international approval
5. Consistent communication inwards and outwards.

COMPONENTS
1.
2.
3.
4.

The transaction
orientation
Analysis
Integration

CONTROVERSY ON THE INTEGRATED ACCOUNTING SYSTEM

Information technology is a solution to problems but in reality only
helps to create new problems in relation to information systems in
general and the management of control systems. In the 1990s,
companies began to buy ERP systems that are characterized by the
integration of various business functions, sharing a database and
being in real time. The vision of these systems has changed
dramatically in our times towards the proportion of information.
Using technology as an advantageous tool we can say that,
technology has now become a key point to meet the company's
ambitions in terms of control, but In turn is a great disadvantage
since it is difficult to detect errors. Since if a simple error is left then
the inconsistency will come when you cross them with the
documents.
Researchers argue that a prerequisite for getting the new
accounting management techniques to work in enterprises, whether
the linkage with information technology Granlund (2001) identified
advanced information technology as a facilitator of economic
change. There is also a growing interest in analytical applications
such as strategic business management (SBM) and business
intelligence software is currently being tested (Todor, 2010). These
advances in information systems make it seem relevant to explore
how information systems are both a facilitator and an obstacle to
the application of accounting management theory. Recent
development has focused on the Web that allows ERP systems to be
inter-organizational. The huge advantages of a simplified and
standardized Internet-based system, the integration of the financial
information industry are obvious The use of language such as XBRL
(Extensible Business Reporting Language) standardization for media
companies to reduce costs, speed And accuracy in information. The
data of the financial consumers included in this document investors,
analysts, financial institutions, through this language can receive,
search, compare and analyze data efficiently and quickly.
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The state and management accounting depends on this choice. In

summary, it seems that the introduction of ERP systems leads to
new, hybrid positions (accountants are conducting administrative
tasks in business consulting and maintenance of IIS, and accounting
management tasks. ERP system has many built-in functions, for
example, routines that are automatically updated when data books
are entered in other parts of the system.
Currently witnessing a functional integration between financial
accounting, management accounting and tax administration: a
single record that feed into a global database that will be able to
modify the financial statements of financial accounting, cost
analysis photos tax on the Management income, accounting. As a
result, accounting tends to become integrated accounting. What is
new in relation to information systems support for management
accounting is the advent of integrated information systems (IIS).
Previously, each function within the organization had its own
information system that operates independently of the information
systems of other organizations' functions. That includes, for
example, ERP systems, data warehouses, executive portals. In order
to emphasize that the essential feature of new information systems
is integration, the term used "integrated information system." One
term refers to a system of systems, including the two transactionoriented systems ERP systems and systems for analysis, because
they balance the scorecard and budget.