tailieunhanh - Accounting - Financial systems and auditing

Accountancy is the process of communicating financial information about a business entity to users such as shareholders and managers. The communication is generally in the form of financial statements that show in money terms the economic resources under the control of management; the art lies in selecting the information that is relevant to the user and is reliable.[2] The principles of accountancy are applied to business entities in three divisions of practical art, named accounting, bookkeeping, and auditing | Wiley 1. 2. 3. Learning Objectives Understand how an accounting system operates Describe the 3 phases involved in the development of accounting systems and understand the essential characteristics inherent in the system Identify the principles of internal control and understand the limitations of internal control systems Wiley 4. Learning Objectives cont d Understand the advantages and disadvantages of computerised accounting systems .