Accounting Application
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Description
Accounting applications include: cost-accounting applications (which determine marginal costs and profitability), accounts receivable applications (which include receivables, payments, collections), cash management applications (for scheduling payments and planning cash use), financial reporting applications (to produce financial statements), general ledgers applications (to show assets and liabilities), accounts payable applications (used to reconcile payments against purchasers), budgeting applications (which allocate and schedule revenues and expenses) and finally treasury applications (concerned with management and investment)
Concept Prerequisite
Wikipedia Reference
http://en.wikipedia.org/wiki/Accounting software
Learning Material
Covered in Topic(s)
| Functional Business Processes |