New Valences for the Financial-Accounting System

Abstract

A new approach to a company’s information systems is needed, if we take into consideration the globalization process of the economy, the intensified competition, the impose of new qualitative demands or the adjustment to new accounting standards. The former accountant is about to be replaced by the „professional employee with accounting information”, who knows very well how to use the domain technologies. The need for clear, correct and significant information has become a must for all the departments of a company and, definitely, this is especially the case for the financial-accounting department, i.e. when we have to come up with solutions for the profitability of the company.