The Role and Importance Of The Accounting System and Internal Control

Zdravkoski, Igor and Markusoski, Ljupce and Nikolovski, Pece and Andonovski, Miroslav (2019) The Role and Importance Of The Accounting System and Internal Control. In: IBANESS XIII, October, 2019, Tekirdag, Turkey.

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Abstract

The concept of accounting system and enterprise internal control is the basis for tracking the growth and development of operations, productivity and capital. While the accounting system performs the steps of monitoring, recording, classifying documents, preparing reports and making them publicly available, internal control systematically checks all activities performed in the operation of the enterprise. The ultimate goal of accounting and control is to continuously generate information that will provide quality and positive results in the operation of the enterprise. In the operation of business entities, the intertwining of the accounting system and internal control is an ongoing process.
In general, internal control is present everywhere in the enterprise, in the administrative department, in the financial sector, in the accounting system, etc. Through control we have information not only about economic transactions, but also about employees, managers, executives, sales, inventory, and so on.
Internal control creates the opportunity for greater efficiency, improved quality, motivation of employees, as well as creating a clean working atmosphere.
In this way, the responsible persons through the information from the accounting system and the information obtained from the internal control can influence the financial performance as well as the position of the company. Due to the different volume of business entities, the large number of daily transactions, cash payments, purchases, sales, different markets and so on. of great importance is the inspection of the accounting system and the constant control of the enterprise.
Keywords: control, system, documents, responsibility, quality.

Item Type:	Conference or Workshop Item (Paper)
Subjects:	Scientific Fields (Frascati) > Social Sciences > Economics and Business
Divisions:	Faculty of Economics
Depositing User:	Mr Dimitar Risteski
Date Deposited:	09 Mar 2023 09:47
Last Modified:	09 Mar 2023 09:47
URI:	https://eprints.uklo.edu.mk/id/eprint/7784

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