ACCOUNTING SYSTEM Definition

Bookmark and Share

ACCOUNTING SYSTEM is the set of manual and computerized procedures and controls that provide for identifying relevant transactions or events; preparing accurate source documents, entering data into the accounting records accurately, processing transactions accurately, updating master files properly, and generating accurate documents and reports.

Learn new Accounting Terms

SUPPRESSED INFLATION means that a situation exists in which prices would rise -- if government regulations did not establish artificial limits on prices, wages, etc.

Z-SCORE see ALTMAN Z-SCORE.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.