Accounting Reporting System and Information Technology in the Croatian Haopitalitiy Industry (CROSBI ID 512340)
Prilog sa skupa u zborniku | izvorni znanstveni rad | međunarodna recenzija
Podaci o odgovornosti
Peršić, Milena ; Stojanović, Marijana
engleski
Accounting Reporting System and Information Technology in the Croatian Haopitalitiy Industry
The task of the accounting information system AIS) of the hotel company is to create and present relevant financial information, understandable and comparable by criteria and standards of the global tourist and financial markets. Information technology this process facilitates accelerates and makes it cheaper. The set task must be performed taking into consideration accounting theory, methods, practice, regulation, and the most important, Uniform System of Accounts for the Lodging Industry (USALI), a system for the preparation of accounting reports and financial statements in standardized formats, respecting all specific industry features. For business transparency, the most important accounting information are those based on interim and segment reporting standards. To prepare relevant information about enterprise’ s products and services, its geographic areas, and its major customers the special software is needed which has to be compatible with the requirements of IAS 14 and SFAS 131. Furthermore, USALI methodology has to be adjusted to the real organizational structure and real information requirements of particular hotel company.The preparation of financial statements is easy and quick if it is connected with the system of internal reporting, because financial statements emerge from the summarizing and grouping of the information created for internal accounting reports. The second step which is possible by using modern information technology is presentation of financial reports on the corporate web sites. For this purpose the Extended Business Reporting Language (XBRL) is created, standards based method for preparing, publishing in a variety of formats, exchanging and analyzing financial statements and the information they contain. The paper explores the influence of technological advancements on the functions of accounting and financial reporting. The emphasis is on the need of accounting adjustment to the information requirements for specified purposes. Any other approach to the preparation of managerial information does not assure the realization of the goals and the tasks of the hotel companies.
accounting; reporting system; information technology; hospitality industry; IAS; GAAP; USALI
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Podaci o prilogu
283 - 300-x.
2005.
objavljeno
Podaci o matičnoj publikaciji
General Accounting Theory - Towards Balanced Development
Dobija, Mieczyslaw ; Martin, Susan
Krakov: Cracow University of Economics
Podaci o skupu
3th International Conference "General Accounting Theory - Towards Balanced Development"
predavanje
28.05.2005-31.05.2005
Kraków, Poljska