AD ALTA
JOURNAL OF INTERDISCIPLINARY RESEARCH
Figure 2. Accounting Processes
As a result of the introduction of the target model,
the whole chain of interconnected business processes will be
improved:
Figure 3. Chain of Interconnected Business Processes
Table 2. Accounting Process. Comparison of the Processes “As is” and “To be” (According to the Target Model)
“As is”
“To be” (according to the target model)
- Existing accounting processes are mostly automated.
- When consolidating financial statements, some data is adjusted
by manual postings, reclassifications are made at the consolidation
level.
- Automation of processes is carried out according to uniform
principles, which facilitates the process of consolidation of
financial statements, initiators of operations are responsible for the
correctness of documentation and the timely receipt of data for the
accounting.
- When consolidating financial statements, the data is unloaded
from the accounting systems of subsidiaries and affiliates, formed
according to a single principle, which minimizes the number of
manual entries and reporting time.
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