Computer Accounting System Modules

Modern computer accounting systems contain different modules in order to function correctly. Each module handles a different task. For example data collection, processing, and reporting for each type of business activity that the company is involved in. Some examples include:

• Sales Moduless
• Purchasing Modules
• Inventory Management Modules
• Human resources module
• Production Module

Accounting Regulations External Decision Makers

How external decision makers benefit from accounting regulations and laws?

Enforced accounting regulations help protect the interests of external decision makers such as stockholders and banks by ensuring that information for evaluating the performance and financial condition of a company is available to necessary users and that the information presented is prepared by certified professionals according to specific guidelines that are enforceable by law.

Accounting guidelines provide assurance that the information presented is:

1. Accurate
2. Reliable
3. Comparable over time and across companies.