Control and Accounting as Functions of the Organization's Management System

This contribution highlights theoretical and methodological aspects of creating an effective and modern control and accounting system of an enterprise. Accounting in an enterprise has a key function, namely a protective function. It allows the creation of an information database about the enterprise, which is designed to safeguard the interests of the enterprise's management, and is also a prerequisite for control, which generally requires the enterprise to have certain technical devices such as an internal control and accounting system. A modern effective operating control system is a very labor-intensive process in terms of its creation and implementation. However, economic entities are interested in systematic control over the production process, because it provides risk prevention, identification of deficiencies and correction. Increasing the efficiency of accounting and control functions allow to achieve a transparent planning horizon, to ensure smooth operation, which has an impact on the development of the information system of accounting and control of an economic entity.