Power And The Design And Implementation Of Accounting And Control System

Abstract

Organizations are made up of people who work in different sections such as sales and marketing, production and finance. every(prenominal) these segments have to collaborate to make the business work. The finance subdivision is responsible to take care of the accounting transactions; salary to creditors, collection from customer and payment to employees. The sales and marketing department has to look after the promotion and selling of the products and services. The production department is responsible to make sure there are products raise for sale. Organizations need sophisticated accounting and control governing bodys to enable cost-effective and dependable processing of transactions and provide useful selective information for decision making (Margarat & Emidia, 2004). So a successful transcription requires both people and accounting and control arrangings to work rise together. Today, organizations are operating in a complex milieu and different geographical location. Their management needs are influenced by political, legal, economic, technological and sociological factors. Timely, accurate accounting information becomes springy to organization for decision making. The sophistication of accounting and control system has grown, along with the diversification of organizational structures of multi-national companies.



This paper go out handle the factors which affect the design and implementation of accounting and control systems. The snatch part of the paper will be focus on responsibility accounting.

Introduction

An efficient and effective accounting and control system is a critical part of business success. A severely functioning accounting and control system may be one of the many factors that can contribute to organization failure. Whether a manual or computerized accounting and control system is apply in maintaining accounting transactions, certain rules, principles and procedures will be applied. meek business with a limited number of transactions will begin the...If you want to get a full essay, effect it on our website: Orderessay



If you want to get a full essay, wisit our page: write my essay .