Financial accounting the role of Information Technology in accounting change Using MOORA (Multi-objective Optimization on the basis of Ratio Analysis) Method

Abstract

financial accounting, Financial accounting is a financial related to business summary of transactions, analysis, and reporting related is a branch of accounting. Available for public use preparing financial statements this includes. Partners, suppliers, banks, employees, government agencies, business owners, and other partners decisions making such for purposes for those interested in getting information examples. Financial accounting local and international accounting managed by standards. Generally accepted accounting principles (gaap) in any jurisdiction for financial accounting used standard of guidelines framework. Accountants’ registration and summary and financial position in preparing reports standards that follow, traditions and the rules include. Financial accounting is a specific type of accounting this is from business activities actions that arise documenting for time, summarizing, and includes reporting. Such transactions balance sheet, income statement, and cash flow statement in preparing accounts, including outlined, they are the company's financial results during a period document. A fund public to the accountant and work in private sectors there may be opportunities. Finance accountant's duties a from the general accountant differentiated, he is a company or for himself rather than organization or work for himself or for himself doing. Financial accounting created accounting uses a set of standards. To be used by a financial accountant accounting standards are required the selection company will face regulatory and reporting depending on requirements. In india, indian chartered accountants accounting provided by the company ( icai ) standards used. These are substantially i.f.mr.s standards are based and agree. However, accounting and i.f.mr.s between certain principles there are some differences. Versatile with unique alternatives a new method for optimization is proposed MOORA (multi-objective based on ratio analysis optimization. This method is objective denotes the matrix of responses of the alternatives, however, proposing better policies, which rates are used. Well established. Multi-objective another method for optimization is used for comparison, reference point method. Then, various competition this proved to be the best choice among the methods. Accounting standards goodwill impairment, accounting standards segment reporting, Accounting standards FA principles in budgets/forecast, Performance measurement, Transfer pricing. Primary field of accounting, Ultimate purpose of accounting, Function of accounting, Domain of Convergence, Mode of convergence, Role of IT in convergence. From the result it is seen that Role of IT in convergence is got the first rank where as is the Primary field of accounting is having the lowest rank. Role of IT in convergence is ranked first and Primary field of accounting is ranked lowest.