Development of financial accounting system

The important area of computerisation is the accounting system usually this is the second application to be computerized in any organisation the first bring the payroll system are well maintained accounting setup with the capability is off the fish production of report summaries is an asset to and business activities that management is aware of the latest up to date financial standing of the business thereby facilities right decision making in non computerised accounting system the book of account are normally completed only by two to three month after closing of the period and knowledge of what happened before 2-3 month is only of historical importance and accounting system is ideally suited for constellations is the system involve smart processing off data which otherwise take man hours to complete accuracy is of Paramount important aggregate accounting data is constant which is often lost in a manual system also the type of accounting data of simple numerical in nature in volume large volume and laborious calculation in olden days in a manual system closing of account of production of periodical report work done rather in frequently after days of going over the books of account and PAN taking leave arriving at the required total during which Oru Tina counting activities were to be suspended today with the advent of computer it has been possible to prepare profit and loss figure monthly or if necessary even on daily basis opportunity to the technical and initiated accounting system will remain a mystery and except for students with commerce background computer professionals are generally and aware of the uses of the system this is primary because the terminologies used and and the concept of a counter weather is strange to student of other faculties

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