As I have already mentioned in previous articles, internal control is an extremely important tool for companies, since it protects their resources against waste, fraud and inefficiency; it also ensures strict compliance with the policies issued by top management, thus ensuring the accuracy, reliability and operability of accounting information.
The above described is emphasized in the accounting management developed by the entities, through a process oriented to determine the maximum use of the available resources in any economic process, with the purpose of guaranteeing the effect of the decisions that are presented in relation to already established programs and the assurance of a correct planning of the use of the economic resources that the entity has.
In this order of ideas, the entities have required at all times that the accounting processes manage to issue a reliable and safe judgment in order to be able to make urgent decisions that guarantee their economic stability.
That is why management accounting is a discipline or technique of the accounting sciences that allows the construction of short, medium and long term strategic plans in order to consolidate the objectives set.
In this sense, the economic stability of companies consists of making substantial investment decisions in time and money, which allow them to achieve success for their sustainability and autonomy decisions, focused on the stakeholders present such as employees, shareholders, managers, customers, suppliers, community, among others.