10-12-2014, 09:31 PM
looking for comparative study of conventional and modern system of accounting
|
comparative study of conventional and modern system of accounting
|
looking for comparative study of conventional and modern system of accounting
25-03-2017, 10:43 AM
The development of the modern accounting system and accounting theories is accompanied by substantial changes in economic relations and in society in general which naturally result in the need to implement changes in accounting systems and adapt them to the new challenges and the current situation In trade relations. At the same time, it must be said that innovations are applied relatively slowly in accounting compared to other fields of the economy. However, nowadays it is obvious that changes are inevitable and, in such a situation, it is very natural that specialists like Henderson estimate that accounting is not just a passive scoring process, the results of which are announced, forgotten. In fact, such an approach is the hallmark of traditional accounting systems and theories because accounting traditionally is considered a very conservative field and, as a rule, specialists prefer to implement traditional approaches to accounting. In this respect, it should be said that one of the most widely held accounting theories, which is based on traditional and conservative approaches to accounting, is normative accounting. Basically, regulatory accounting involves pure maintenance score with data analysis and development of optimal accounting standards to improve the performance of a company.
When analyzing nominative accounting, it should be said that this approach can hardly be named effective, especially at present, since it does not really deal with current trends, analysis of a company's prospects in the context of industry development in particular. On the other hand, nominative accounting is very conservative and is based on the principles of traditional counting. However, it does not necessarily mean that this approach is absolutely unacceptable because it is a bit outdated. In fact, this system can be quite reliable and provide positive results, but such an approach does not fully reflect current economic trends and does not match the new demands these trends impose on accounting. This means that the accounting system must now be more flexible and open to changes and implementation of innovations that could potentially expand the capabilities and functionality of the accounting system away from traditional accounting and involve new areas where accounting has never Played a significant role in the past. Indian accounting is prepared to meet the new challenges of developed countries after the outsourcing of accounting work. Meeting the challenge of the accounting industry in India needs tangible improvements in terms of quality and performance. To meet these needs, Indian accountants need to be well-informed about the latest trends in the accounting industry, ie new coupon entry techniques, new accounting methods for branches and departments, and new automation system for accounting. accounting. This should be possible only with the accountants of the millennium technology interface (modern accounting) in what is playing an important role in the era of globalization. The objective of this paper is to highlight traditional and modern accounting concepts
|
« Next Oldest | Next Newest »
|
