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Cash Accounting System According To Ias/Ifrs, Paola Saracino

Paola Saracino

Nowadays enterprise accounting informative systems are not able to offer a complete bookkeeping system in order to comply with Ias 7 and Ias 36 requirements, therefore an adequate information system is required. In fact, both the Italian and the Anglo-Saxon accounting systems through their integrated accounting recordings cannot represent an adequate support for cash accounting. The aim is to measure income and capital. These are only two of the three main criteria used for enterprise performance evaluation: so there is no evidence of any cash inflow and outflow records in the accounting system. Nowadays, international accounting standards view cash flow …