Module E : Accounting in Computerised Accounting

R.C. Joshi

The system called Computerised Accounting

Computerised Accountng capture in the form of Accounting entries. The in turn are used to prepare financial Statements. The financial Statements are then used to Financial Statements. The financial Statements are prepared based on Accounting Standards. Various financial reports are prepared from the data available in the financial Statements.

 The computerised Accounting system may be on a single stand alone machine or multiple user i.e. WAN or LAN. Functions performed : Tally, Accounting software, Bank 2000, B@nk-24CBS, A.U.D.I.T.O.R. & A.U.D.I.T.I.M.E. MEFCOMP Accounting Software for Professionals, QUICK FA.

 Statutory Books, Reports, Connecting branches, converting foreign currency, Giving all figures including profits : branch wise area wise. Closing stock values. Comp. Banking Operations, Accepting Deposits, lending, Remittances, Clearing of cheques, Standing Instructions, Centralised Banking, Automated Banking. EOD & BOD

System Layers : Presentation Layers, Delivery Layers Interface Application Layers, Database Layers Inter face to database using appropriate call levels & language

 Transaction Processing : Primary update for Customers transactions Secondary updates for like salary (tape or disc) Batch processing (interst posting) Online Processing : Account & Customer creation, Financial transactions & Enquiries Maintenance

 Balancing Account is used to route the transactions. In batch process. There one Dr.10000 to be credited to 10 different accounts : Dr. Customer A/c Rs.10000& Cr. Balancing Rs.10000. Thereafter Dr. Balancing A/c 10 times @Rs.1000.

 INFORMATION SECURITY Access Control Systems ,Operations, e-mail, Application & System development, Business Continuity & Disaster ,Communication & network, Physical Security Control over Modem, Password secrecy

Q.
A)Computersisd A/c is high speed, accruate & error free 2. Data stored inside a comupter & its processing are easily visible 3. Computerised Accounting software may be single or multiple user. Computer in its meaning its pripherals also. Ready made & Tailor made sotwares are available

Fill in the blanks

1. ______________ means Accounting performed by a Computer. 2. The set of instructions written for a computer program is called _______ or a _______________. 3. Regular __________ of data is required to guard against loss of data. 4. __________ destroy computer data.

Answers
1. Computerised Accounting 2.Computer Programme , Siftware Program, 3. back up 4Computer viruses.

Thank you
rcjoshi2803@hotmail.com