Development of accounting system according to an information technology
Development of accounting system according to an information technology

Summary/Abstract: The new business environment determines major changes in organization’s resources, structure, strategic objectives, departments, accounting and goods. Economic and technological changes and especially the developments in information technologies have significantly changed work environments and the management of businesses. The main objective of management accounting is to provide information for decision making. In such a competitive environment, it has become very important for managers to make consistent, logical and strategic decisions and develop instruments and models that provide financial information. According to this aspect the importance of accounting information has increased. The purpose of this article is to investigate the impact of information technology (IT) on conformity between accounting system and business environment. The article presents results of case study performed in Lithuanian organization disclosing relations between business environment and accounting system of an organization and developments of information technology ensuring conformity between accounting system and business environment.

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