Wednesday 16 May 2012

Accounting Systems and data

Hello Platinum,

I am wondering whether you can answer some technical questions for me.. 

a) I am wondering what is financial accounting system? Is SAP Financial Accounting System? How Financial Accounting System differs from Accounting systems?

b) During analysis and reporting data, how would you take initiative to identify and confirm data integrity?

Thanks
Tina (Theingi)

1 comment:

  1. Hi Tina,

    I’ve provided some thoughts below.

    a) I am wondering what is financial accounting system? Is SAP Financial Accounting System? How Financial Accounting System differs from Accounting systems? - Financial accounting system is part of the accounting system. It is more geared towards generating financial reports. SAP includes not only Financial Accounting System, but also a lot more other systems, such as systems for logistic and human resource etc.



    b) During analysis and reporting data, how would you take initiative to identify and confirm data integrity?- The integrity of accounts data really relies on the technical competence of accountants. Personally I would do some random audits on certain accounts, especially those accounts that can easily contain errors, such as entertainment, fixed assets accounts etc. It will come with experience and knowledge you have towards a particular organisation.

    Hope it all makes sense.

    Regards,
    Florian

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