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Code of Practices for Accounting System

   

Added on  2020-06-04

8 Pages1933 Words101 Views
INTRODUCTION TO MARKETING

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1TASK 2............................................................................................................................................3Key features and code of practices for accounting system..........................................................3Ethical considerations for financial reconstruction.....................................................................4Key features of financial legislation related to tax consideration and reporting requirements...4Outlining a range of consideration for accounting system specification.....................................4Compare and contrast data protection method............................................................................4Key principles and practice of budgetary control........................................................................5Process and procedure for recording and storing financial data..................................................5CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................6

INTRODUCTIONAccounting Information System (AIS) is a software that gathers, warehouse, manage,process and retrieve finacial data automatically that can be used by the policymakers fordecision-making purpose. Stratford on Murray delivers cosmetic items and giftware to thebuyers. Company had planned to implement AIS in the business, thus, the thrust of the paper isto prpare a deep plan how the system can be implemented by the business successfully includingkey consideration i.e. system specification, design, data protection, testing, configuration,compliance, integrity, ethical implications and others. TASK 1Objectives of Accounting system: Major objective of developing accounting system is toensure that firm will receive entire records as per requirement and reports will beprepared automatically.System specification:In system different options will be developed in respect topreparing income statement, balance sheet or any other statement. System will be able tooperated in OS like Windows and Ubuntu with small space in hard disk.System design: In system there will be three functionalities like strategic, tactical andoperational as well as transaction processing systems. Within these functionalities therewill be different options available ( Mancini, Vaassen and Ameri, 2014). For example instrategic system there will be options for ratio analysis etc.1 | P a g e

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