Information System-Basis for Successful Management of the Organization

Abstract

Current conditions for successful operation of organizations within the EU require a high-quality and timely information to managers of its affairs and the situation in the area. The basis of a good information system, which is a major part of accounting. Understanding of accounting has changed, because the need for compatibility within the EU requires better data reporting ability, the results of mutual links. Another is the financial analysis, which is the basis for decision making in the organization.
Keywords: Balance, Cost, Expenses,Financial analysis, Information system, Public sector, Self-government,Revenue.