Title: Mathematical modelling in accounting information systems

Authors: Petr Hanzal; Petr Chládek

Addresses: Faculty of Economics, Department of Applied Mathematics and Informatics, University of South Bohemia in České Budějovice, Branišovská 1645/31a, 370-05 České Budějovice, Czech Republic ' Faculty of Economics, Department of Applied Mathematics and Informatics, University of South Bohemia in České Budějovice, Branišovská 1645/31a, 370-05 České Budějovice, Czech Republic

Abstract: The aim of this paper is to introduce continuous mathematical models for calculating planned cash-flow, based on the calculation of planned accounting data obtained from ERP systems of business entities. Using mathematical models defined in this way, it is possible to predict the values of required statements, or key performance indicators (KPIs), needed to assess the near future of an enterprise. The advantage compared to a discrete model is the possibility of finding the value of a quantity at any (non-integer) moment. This article should be considered as a contribution to the application of mathematical methods in business information systems in a general context.

Keywords: enterprise resource planning; accounting data; mathematical modelling; numerical methods; polynomial interpolation; managerial accounting; cash-flow planning; continuous models; discrete models; information systems; economic processes.

DOI: 10.1504/IJBIS.2021.113284

International Journal of Business Information Systems, 2021 Vol.36 No.3, pp.393 - 405

Received: 18 May 2018
Accepted: 07 Dec 2018

Published online: 26 Feb 2021 *

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