Accounting System

By | July 16, 2012

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Hello. I have some questions to ask you for my research.

1. What is the most popular accounting system that used in most country?
2. What is the latest accounting system that the company or firm used in 2012?
3. Who is the most popular cheater in accounting in the world???

 

I hope you can answer all my questions..

Thank you for your co-operation.

Hazmi from Malaysia

Ans 1.

All accounting systems are important. It is on you which accounting system is you want to use and at what time. For example, you can use both cash and accrual system of accounting. But in regular system, we use accrual but it can not be told that cash system of accounting is not important. You can see the effect after using cash system. This analysis will be helpful for strong your cash funds. Like this, we use lots of accounting system and all have only one aim. Aim is to show correct and fair view of financial data.

Ans 2.

These days, company are using the accounting system as per the standards of IFRS. Many big accounting software providing companies are changing their accounting system as per the IFRS requirements.

Ans 3.

If you want to know the popular cheater in accounting, you have to give time to study Wikipedia’s “accounting scandals” content. In this, there are name of big companies who cheated innocence people with accounting loopholes.

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