(3) "For too many firms today, however, the management
accounting system is seen as system designed and run by accountants to satisfy the informational needs of accountants.
The identification and accumulation of direct costs by contract is a vital part of the
accounting system. It is generally referred to as a job cost
accounting system, which is a subsidiary ledger where costs are accumulated by each cost objective with the appropriate allowable indirect expenses allocation.
They state that a cost
accounting system should be able to identify costs, benefits and the 'point of view' from which they are observed.
"By partnering with wholesalers and employing the best software engineers, we were able to build the most advanced yet easy to use route
accounting system," said Chris Newton, chairman & CEO of Intervolve.
These systems are most effective when they are in the hands of conscientious people (no computer can adequately schedule foundry production), when they are linked to the
accounting system (for invoicing purposes, mainly) and when they compile and report production statistics.
An
accounting system is used to pay bills, pay employees, and bill customers.
As a result of the new
accounting system, the accounts receivables fell by 50 percent.
2004 is the year for implementing the IT developments to the central
accounting system, and preparing for the introduction of accrual accounts.
The Security Assistance Automated Resource Management Suite serves as a feeder system for the DFAS-DE BQ
accounting system. The Department of Defense considers the data residing in SAARMS as unofficial accounting information.
Park City Solutions of Midway, Utah, is the prime systems integrator for the coding and compliance project for the TRICARE Patient
Accounting System. Park City Solutions is a leading technology and professional services firm that advances health care performance through its people, process and technology.
BRITISH business has the most transparent
accounting system in the western world and should not be ``muzzled'', the CBI director general said in an interview published yesterday.
The Financial Navigator (FN) suite of integrated solutions is a comprehensive asset management and
accounting system used by organizations of a variety of sizes-from individual investors, to family offices and large CPA firms.