The management of economic resources, especially current assets, has a very remote background and reached its development through the growth of commercial activity, which has been influenced by the globalization process and the constant economic changes faced by nations.
Therefore, the role of accounting in the efficient management of resources is a transcendental factor to achieve the maximum development in organizations, promoting efficiency and effectiveness in financial and business management, being these the key elements to achieve organizational goals and objectives.
Likewise, it is convenient to point out that in organizations with defined purposes and goals, the adequate management of current or circulating assets is fundamental. Assets are resources controlled by the company as a result of past events, from which economic benefits are expected to be obtained in the future.
In this same sense, it is convenient to highlight that the adequate management of current assets is a transcendental factor to strengthen the financial management of the organizations. In other words, if the company does not adequately record, control and manage current assets, it can cause severe difficulties in terms of liquidity and payment capacity.
Inventory is the main source of income for companies, generating financial resources that allow the fulfillment of obligations and the performance, economic benefit and profit of the organization. For this reason, the implementation of strategies, standards and accounting procedures based on SWOT analysis is essential to strengthen financial management.
In this sense, it can be seen that accounting requires a series of processes focused on improving the efficient management of resources, especially financial resources. Therefore, companies need to adequately record all movements made in the organization, including current assets, highlighting cash and inventories, so that there is a synergy between the financial and administrative aspects to obtain optimal and reliable results for management.