Inegrated Accounting

Topics: Accounts receivable, Accounting software, Generally Accepted Accounting Principles Pages: 2 (347 words) Published: December 14, 2012
Integrated Accounting
Daniel Evan G. OngJan Edick M. EscondeMark Jay A. Lapidez 09262057431 09223795744 09169957560

Integrated accounting is a well-known accounting system in which the accounts are integrated and only a single set of accounts are maintained, basically it avoids maintenance of accounts under cost accounting & financial accounting. This allow a secure to remove separate profit & loss accounts under financial accounting and costing accounting systems & only one profit & loss accounts are prepared. Integrated accounting system is a package for multivalued database system. Integrated accounting system contains of a number of modules like General Ledger, Accounts Payable, Accounts Receivable, Payroll, Inventory, Job and Project Costing, Fixed Assets, Order Entry, Budgeting, Manufacturing, Multinational Accounting, General Accounting, and Technology PURPOSE & DESCRIPTION

The purpose of the development of this system is to help the professors and students in learning and understanding accounting easily. The project will include the following: accounting cycle of a service business and bank reconciliation, accounts payable, accounts receivable, fixed assets payroll, accounting cycle of a merchandising business and budgeting, partnerships and corporation, financial statement analysis, departmentalized accounting and accounting system setup. The software to be used is Visual and MySQL server. OBJECTIVE

The objective of this project is to develop an integrated accounting system that can be used by students for their accounting subjects. SPECIFIC OBJECTIVE
The specific objectives of the project are as follows:
* No need for reconciliation
* Simple to understand
* Less costly
* Cross checking
* Availability of cost & financial...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • accounting Essay
  • Accounting Cycle Team A Finished Report Essay
  • Computerised Accounting Essay
  • Accounting Cycle Description Paper
  • Computer Accounting Essay
  • Accounting Essay
  • Accounting Essay
  • Accounting Information System Chapter 1 Discussion Questions Essay

Become a StudyMode Member

Sign Up - It's Free