Teresa Mendez Picazo, Ph.D., Universidad Complutense de Madrid, C/ Cea Bermúdez, 6-5 izda, Madrid, 28003, Spain
The current society is living a technological revolution that concerns all the areas, both public and private. In the economic area such revolution, which is joined to the globalization, is specially relevant. The small and medium firms are introduced in a new competitive frame in which the computer science and the telecommunications have a decisive role. The employment of new technologies is often the difference between the companies that survive and those that fail. A suitable management of suppliers, clients, banks and financial services it is indispensable to take advantage of the opportunities of the market. The small and medium firms have introduced systems of information adapted to their special characteristics, which need simplicity, considering the limited quantity of their human resources and its lack of specialization. However, a more complete and rapid information is demanded from them on the part of the administration as well as from the lenders and shareholders. In this paper we will analyse the effect of the new information technologies obtained and elaborated by the companies, with special reference to those related to the system of accounting information.