Tag: meaning of computerised accounting system

Input unit controls various input devices which are used for entering data into the computer system. Keyboard and mouse, for instance, are the most commonly used input device. Other such devices are magnetic tape, magnetic disk, light pen, optical scanner etc.

Input unit controls various input devices which are used for entering data into the computer system. Keyboard and mouse, for instance, are the most commonly used input device.

The functional components of computer system consist of input unit, output unit, central processing unit. The way these components are embedded in a computer may differ from one architectural design to another, yet all of them constitute the essential building blocks of a computer system.

Computers are dumb devices with zero IQ. They cannot visualize and think what exactly to do under a particular situation, unless they have been programmed to tackle that situation. computers must be directed to perform each and every action, however, minute it may be.

The computer accounting system is based on the concept of databases. Typically computerised accounting system offers the following features:
1) Online input and storage of accounting data.
2) Printout of purchase and sales invoices.
3) Logical scheme for codification of accounts and transactions. Every account and transaction is assigned a unique code.
4) Grouping of accounts is done from the very beginning.
5) Instant reports for management.

Accounting software is used to implement a computerised accounting  system. The computer accounting system is based on the concept of databases. It does away with the concept of creating and maintaining journals, ledger, etc.

Accounting software is used to implement a computerised accounting system. The computer accounting system is based on the concept of databases. It does away with the concept of creating and maintaining journals, ledgers, etc.

The functional components of computer system consist of input unit, central processing unit, Output unit. The way these components are embedded in a computer may differ from one architectural design to another, yet all of them constitute the essential building blocks of a computer system. 

There are devices which respond to voice and physical touch. A menu layout is displayed on a touch sensitive screen. Whenever user touches a menu item on touch-screen, the computer senses which particular menu item has been touched and accordingly performs the operation associated with that menu item.

The examples of feature "Instant reports for management" provided by computerised accounting system are as follows: Aging Statement, Trial Balance, Trading and Profit and Loss Account, Balance Sheet, Stock Valuation, Value Added Tax (VAT), Returns, Payroll Report, etc.