Accounting is the process of recording financial transactions pertaining to a business. An accounting system is a set of accounting processes with integrated procedures and controls. The intent of an accounting system is to record business transactions, summarize those transactions into an aggregated form, and create reports that can be used by decision makers to monitor, analyse, and improve operations. Accounting software describes a type of application software that records and processes accounting transactions with functional modules such as accounts payable, accounts receivable, journal, general ledger and trail balance. It functions as an accounting information system. Different firms have different accounting software needs and they use different software that meets their requirement. Companies that offer accounting software include Intuit, Microsoft, SAP, and Oracle. The presentation gives in-depth idea on the topic.

Ananthapadmanabhan

11 resources

0

1

0

Like