Will a large scale organization be able to handle the own accou

Noted...

Financial data is processed in journals and ledgers....What becomes of the non financial data?

Accounting is all about you inputting right figures and placing of figures in the right section

ccounting system is important to relate concepts and principles.

are aware of the account

It is important that you realise that the system is coherent and interrelated. The design of the system depends on what data is collected, and how that data is processed and reported. In turn, what users seek from this data also impacts on system design.

Accounting -> Introduction Introduction The first step in designing an information system is to recognise information flows. These flows are sorted into financial and non-financial data. The financial data is processed in journals and ledgers and used to produce reports for users. These reports are the basis of business decision making. It is important that you realise that the system is coherent and interrelated. The design of the system depends on what data is collected, and how that data is processed and reported. In turn, what users seek from this data also impacts on system design. It is very important that you are able to relate concepts and principles to each stage of the accounting system

I know from this chapter that accounting system should followed coherently. From starting to ending or reporting process should be maintained in a sequence.

financial data is processed in journals and ledgers