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The information system that identifies, records, and communicates the economic events of an organization to interested users.

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Who invented debit and credit rules in accounting?

Luca Pacoli - Father of Modern Accounting


How have modern accounting systems made a difference in modern organizations?

"http://wiki.answers.com/Q/How_have_modern_accounting_systems_made_a_difference_in_modern_organizations


Need and importance of computerized financial accounting?

1)Computerized Financial Accounting Increases Company Efficiency2) Computerized Financial Accounting Caters For Several Procedures3)


Discuss the role of accounting in modern business.?

Accounting is the process of recording and summarizing financial transactions. It also includes the preparation of balance sheets, income statements, and other reports that are used to maintain accountability in a business organization. Accounting provides an accurate summary of all aspects of a company's finances so that managers can make informed decisions about how much money they need to borrow or spend in order to keep their business running smoothly. Accountants help businesses by providing information on what has been spent and earned, as well as any. Get Link: Norwayoffice.biz


How is accounting software irrelevant in the management of modern organizations?

Accounting software is not irrelevant in the management of modern organizations; rather, it is essential for maintaining financial accuracy and efficiency. It automates complex processes, reduces human error, and provides real-time insights into financial performance, which are crucial for informed decision-making. Furthermore, with the integration of advanced analytics and reporting features, accounting software supports strategic planning and operational management. Therefore, far from being irrelevant, it is a vital tool for organizational success.

Related Questions

Definition of computerised accounting?

computerized accounting is method of accounting using modern accounting technology .it will reduce the problems in manual accounting and help to save time cost ,prepare accurate accounts and also help to easy communication of accounts.


Who invented debit and credit rules in accounting?

Luca Pacoli - Father of Modern Accounting


Explain the concept of social responsibility accounting?

social responsibility accounting is concern with modern approach of accounting which include to make accounting information useful to the society


What has the author G A Lee written?

G. A. Lee has written: 'Modern financial accounting student manual' -- subject(s): Accounting, Problems, exercises 'Solutions manual for Modern financial accounting' -- subject(s): Accounting


What has the author John Leslie Livingstone written?

John Leslie Livingstone has written: 'Financial accounting' -- subject(s): Accounting 'Modern accounting systems' -- subject(s): Accounting


What is the definition of modern theater?

"Modern theater" is often referred to as "modern drama." By definition, it is the development of drama from the beginning of the 20th century on.


How have modern accounting systems made a difference in modern organizations?

"http://wiki.answers.com/Q/How_have_modern_accounting_systems_made_a_difference_in_modern_organizations


Which of the following best describes the modern definition of a constellation?

A grouping of stars that form a recognizable pattern or shape in the sky as seen from Earth.


What is the modern definition of photography?

The modern definition of photography is the process of producing images. This also includes, the process of taking or producing a photo.


Which industry was the first to use hierarchical corporate organization and modern accounting?

RailRoads


What is the modern definition of a father?

He who begets a child.


What is the definition of modern health beliefs?

its something