Decision Sciences
a year ago

New method revolutionizes financial accounting with IT optimization for better decisions.

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REST Journal on Banking Accounting and Business
Financial accounting the role of Information Technology in accounting change Using MOORA (Multi-objective Optimization on the basis of Ratio Analysis) Method
B Kavitha, Shasun Jain

Paper Summary

The article discusses how Information Technology is changing financial accounting using a method called MOORA. Financial accounting involves summarizing and reporting business transactions for decision-making. MOORA is a new optimization method that helps in making better financial decisions. It was found to be the best choice among other methods for improving accounting standards like goodwill impairment and segment reporting. Overall, Information Technology plays a crucial role in enhancing financial accounting practices.

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