The accounting system is a process in which a given output is generated with a given input. In an information bookkeeping system, data is processed to provide information. Data is a collection of unproven facts, while information is data or facts that have been processed in a meaningful way.
During a regular business, a business starts a number of transactions. Details of a particular transaction are called transaction data. Transaction data therefore refers to facts that fully describe the particular transaction.
The purpose of the accounting system is to capture transaction data and then process these data to provide information that financial and management reports gather to the enterprise. Accounting system design has two phases: system analysis and system design
A good accounting system must meet at least the following basic requirements. The system should provide decision-makers with timely and accurate information on responsibilities and requirements; internal control measures must be adequate to ensure the protection of assets and the provision of reliable information and the system must be sufficiently flexible to allow for changes in the volume of operations and changes in operational processes without drastic changes
and information and control are essential prerequisites for the establishment of an efficient accounting system that meets the criteria required. Business Activity Survey and Information and Control Requirements are known as System Analysis
In the system design process, the system is designed to meet the requirements of system analysis. Initial transactions are recorded in source documents and journals and are then classified and stored in the accounting accounts. The processed information is extracted from the ledger accounts for the preparation of the financial statements. Establishing all accounting systems that will formulate the methods under which the system will work, within this framework, the design of source documents, periodicals, ledger accounts and final reports, and finally the design of the necessary internal control measures  It is important for management information that the user's information needs and the accounting report meets these needs. In the field of computerized bookkeeping, rapid development has resulted in the efficiency of the accounting process, allowing us to make the accounting data more usable, more accurate and timely. Efficiency is increasing as the value of the system increases with respect to costs. Computer systems make the accountants work much easier in planning the bookkeeping process than manual daily systems.
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