Nguyễn Thùy Dương

  ·         Human: The user of the system is the only asset included in the accounting information system. Within an organization, professionals such as accountants, consultants, business analysts, managers, CFOs and auditors need to use the system. The accounting system facilitates communication and collaboration between company departments. Every person in a company has the right to access a well-designed accounting information system and get the information they need (SAPP,2023). ·         Technologies:  Applications for analytics and accounting have recently developed into new technologies. These solutions reduce administrative expenses, speed up processes by removing human error, and provide businesses with precise cash flow and financial data that is available through button pushes or form completion. With the development of newer, more sophisticated accounting software that can guarantee accuracy, mi...

  ·         Context: Like other fields of the economy, accounting, auditing, and finance are facing many opportunities and challenges due to the impact of the digital technology revolution. This has created a need to research and innovate economic management policies as well as finance, accounting, and auditing policies (Dang,2021). ·          The users of accounting information are people from internal users and external users. -         Internal users + Management: Accounting information is an effective support tool for planning a business and organization. If managers want to implement the necessary strategies that bring high profits, they must evaluate the entire accounting information. Having accurate statistics for each department allows companies to update and change them (AccountingTools, 2023). + Employees: Accounting data helps them determine the company's situatio...

     Regulatory requirements in accounting Policies and procedures known as accounting standards are employed by businesses to systematize accounting records and accounting operations. An overview of an organization's finances, including its assets, liabilities, and revenues, is included in accounting standards. This information must be accurate and consistent  (Kenton,2023).   The regulatory environment of the accounting industry always ensures the quality and uniformity of the profession.  This means that as an accountant, you must comply with ethical, professional, and technical rules . To ensure that accounting practices can be directly compared, it is necessary to rely on accounting standards. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) are the standard requirements that an accountant needs to know and understand (Maclay,2020). ·        Ethical requirements for accountants ...

Definition of accounting  In the world, there are many definitions of accounting because it is regarded as the language of business.  According to Iwuozor (2023), the systematic process of locating, quantifying, and sharing financial data about an entity is known as accounting. Enabling users of this information to make knowledgeable decisions and judgments is the aim of this process. Examine the purpose of the accounting function within an organization Accounting functions are operating systems that include bookkeeping information of financial accounting and reports, recording, finance a nalyzing, and operating cash flows (Indeed, 2022) . The purpose of accounting is to accumulate and keep the financial records of an organization or business over a time period. Accountants can know information about the business's performance, cash flows, and financial position.  As a result, the managers will be able to comprehend the choices made regarding g...