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

BROWN BOOK is industry slang for Development of the Oil and Gas Resources of the United Kingdom; an annual report.

PLS see PROFIT AND LOSS SHARING.

Suggest a Term

Enter Search Term

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