An accounting system is a sub-system of the management information system that systematically collects, processes, and reports on financial and other essential information for effective business operations and evaluation. It consists of interrelated activities involving originating, processing, and reporting financial data; written records and reports; equipment used; and personnel involved in accounting activities. Key components include business forms and papers, journals and ledgers, charts of accounts, flow charts, reports, and internal controls. The system's objectives are to provide accurate financial information and maintain adequate controls over assets.

1. Accounting Systems
JOY KENNETH SALA BIASONG, D.M., ED.D., PH.D.
RESOURCE PERSON

2. Accounting Systems
A sub-system of the Management Information
System.
It may be described as an orderly arrangement of
procedures, personnel, written records, equipment
and devices used for the systematic or organized
collection, processing and reporting of financial and
other information essential to the users and effective
conduct and evaluation of the activities or
transactions of a business enterprise.

3. Accounting Systems

4. Basic Elements
A. a set of interrelated activities involving the
originating, processing and reporting of financial
and other data
B. written records and reports necessary to collect,
process, store and transmit information
C. equipment and devices used in the system to
expedite the work and provide better control
D. personnel directly involved in the accounting
activities ( R. Roque)

5. Essential Components
Business Papers and Forms
Machines & IT Equipment
Journal and Ledgers
Chart of Accounts
Flow Charts
Organizational Charts
Financial Reports
Internal Control

6. Business Forms
In the Revenue Cycle
sales order, sales invoice, delivery receipt,
provisional receipt, official receipt, debit/
credit memoranda
In the Expenditure Cycle
purchase requisition, canvass form,
purchase order, receiving report, checks,
debit/credit memoranda

7. Journal and Ledgers
Sales Journal
Purchases Journal
Cash Receipts Journal
Cash Disbursement Journal
General Ledger
Subsidiary Ledger

8. Types of Flow Chart
System Flow Chart
Document Flow Chart
Program Flow Chart

9. Objectives in Installing Accounting
System
Principles in Designing Business Forms
Factors to be Consider in Designing
Books of Accounts
Financial Reports Preparation
Principles of Internal Control

10. Data Processing
Basic Data Processing Operations
Classifying
Sorting
Calculating
Summarizing
Recording
Storing
Communicating

11. EDP Accounting Systems
Elements of an EDP Systems (Software,
Hardware, Input and Output Devices)
Processing Operations in the Computer
Principles of Accounting System Design
Phases of Systems Engagement
Gathering and Analyzing Facts

12. Designing the System
Preparing and Presenting the
Systems Report
Implementation or Installation of
Recommendations
Follow- up
Documentations of the System