Financial Education - Information and communication as inherent activities of the business system

Relevant information must be identified, captured and communicated in a form and in a timely manner that facilitates people to fulfill their responsibilities, the information system produces documents containing operational, financial and accounting information related to compliance, which makes it possible to operate and control the business.

It relates not only to internally generated data, but also to information on external events, activities and conditions necessary for decision making and external business information. Also, there must be effective communication in a broad sense, flowing downward, throughout and upward in the organization.

From this point of view, information is required at all levels of an organization to operate the business and move it toward achieving the entity's objectives in all categories, operations, financial reporting and tax compliance. In addition, information management is used.

This information is identified, captured, processed and reported through information systems. The term information systems is often used in the context of processing internally generated data related to transactions, such as purchases and sales, and internal operating activities, such as production in process. These are then analyzed and processed to comply with the formal duties established for formal taxpayers of tax obligations.

In another order of ideas, it is theoretically stated that communication is inherent to the information systems, these can provide information to the appropriate personnel so that they can fulfill their responsibilities of operation, financial, accounting and compliance information.