What factors should be considered in the design of an accounting system?

The main factors to be considered in the design of an accounting system are:

1. What the business does

2. The type of product or service given

3. The location—whether the business is all in one place or has branches

4. Whether the business is a sole trader, partnership, club or company

5. The information required by the owner or owners

6. The information required by outsiders (for example, banks, accountants, auditors)

7. The type of information processing (manual or computer)

8. The effect of the law (for example taxation and the Corporations Law).

facebook

twitter

google+

fb share

About Ripon Abu Hasnat

This is a short description in the author block about the author. You edit it by entering text in the "Biographical Info" field in the user admin panel.