On 4th May in the University of National and World Economy, a masterclass was held, dedicated to the topic of “Accounting Informational systems” aimed at the students of Accounting.
Team VISION Bulgaria was invited to take part in the event as one of the leading companies in the field of implementation of business management systems. Our manager Mr. Rosen Karaivanov introduced the students with the functionalities of Microsoft Dynamics NAV - one of the most popular ERP solutions worldwide, as well as the role of the accounting in the business management systems.
“The accounting processes play a major role in the modern ERP solutions and provide the connection to all business processes that run in the company. The ERP systems, on the other hand, automate a significant deal of the routine accounting operations thus transforming the role of the accounting department – the reduction of the volume of the routine operations increases the opportunity for conducting control and analyses of the business. For the future accounting experts it is vital to be prepared to work in such an environment”, said Mr. Karaivanov during the lecture.
The students were deeply impressed by the specialized modules “Monthly closure and allocation of production costs” and “Payroll”, developed entirely by Team VISION Bulgaria as an extension of the core Microsoft Dynamics NAV functionality. These modules allow a precise distribution of the production and payroll costs into the cost of production based on given algorithms, thus generating the full production cost.