Chapter 1. Introduction
Welcome to Pericles Financial Accounting System, part of a series of modules formulated especially for the garment industry from Modular Computer System.
Pericles Financial Accounting System is designed to cater for the needs of both large and small businesses, and is compatible with all IBM systems.
Chapter One is an introduction to the computer accounting concept. In addition to familiarizing the user with the principles, which the accounting system is based on, it also gives him/her an insight into the possibilities the system can offer.
Chapter Two assists the user in setting up the accounting system, and is an introduction to working with the subsequent programs.
Chapter Three is a step-by-step guide to the daily operations of the accounting system.
Chapter Four shows you how to assimilate the input data to define financial statements, which constitute the whole objective of accounting.
Chapter Five introduces the various inbuilt report formats in the accounting system and defines the purpose of each report.
Chapter Six sets out parameters and conditions of the system maintenance.
Computerized Accounting
Computer accounting adopts a voucher entry book-keeping system where the account balance is automatically updated as the voucher is prepared.
It is also a double entry system. In other words, a voucher must be balanced before the computer will consider it to be completed. Thus, accuracy is ensured since the account balance always balances.
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