Financial Education - The role of companies with new trends to optimize ordinary procedures

Companies that wish to endure technological, economic, political and socio-cultural changes must assume the reality within their internal structure, which is linked to the strengths or weaknesses that may affect their financial growth and the efficiency and effectiveness of their accounting processes.

This is provided that internal control is increasingly perceived as a solution to a great variety of potential problems inherent to the activities developed by the organizations, which in such a dynamic and changing environment as the current one would not have the opportunity to adapt to the requirements established by law.

In consideration, in order to adapt to the new trends of the current environment, successful companies seek to implement new internal control mechanisms in their accounting processes to ensure the optimization of the ordinary procedures that are part of their daily activities, in order to achieve an optimal result of their operations, to improve their administrative procedures and thus comply with the formal duties established by law.

Thus, every company requires efficiency in its accounting processes, to optimize its operations and business transactions, taking into account the regulations and goals set by the organization, where compliance with the formal duties are key in the process.

Since the fulfillment of formal duties represents one of the fundamental axes to account and declare in a timely manner the amounts for value added tax, generated in each of the commercial transactions of the company, which argues the realization of this research.