Accounting - primary source of information in effective management for enterprises

Abstract

In the modern business environment, in which technical and in particular market factors play a crucial role in the formation of business success, management, that is, management of the economy is becoming more and more difficult and complex. The safety of operations can be ensured in terms of risk reduction, except in circumstances of transition from improvised to organized management, i.e. leadership. The prerequisite for this is that the company, as a complex propulsive operating system, generates and organizes an integrated business information system, whose base must incorporate all available data on flows of all business functions that make up the functional integrity of a given company. Integrated information system should serve the company for the purposes of defining its managerial functions, policies, as well as for the process of making business decisions.