Abstract:

Practitioners of accounting can read more and more articles in specialized magazines about the new economy and the implications of the information digitalization in the field they will operate. However, few of them understand the challenges they will have to face in the following 10 or 15 years.

In our opinion, the modernism of the 21st century essentially implies three key items: technology, organization and quality. From this perspective, modern organization has to combine its resources in an efficient way to achieve its own goals.

One of the declared goals of a modern organization is to inform users correctly and in due time users by organizing a high quality information system based on modern technologies.

Therefore, accounting, as part of the information system, through the information supplied explains why their total quality is a challenge for any modern organization.

In this article, we introduce the concept of Quality Based Accounting (QBA), containing the demarches from the specialized [4] regarding the development stages of accounting as an informing system (DBA – Data-based Accounting, IOA – Information-Oriented Accounting), starting with the information and technology waves, as well as the modern enterprise in the new digital economy.