How many types of accounting systems are there?

There are several accounting systems: business accounting system, small business accounting system, financial business accounting system, and accounting system for institutions and non-profit organizations.

Accounting system (accounting system) is a system for classifying, logging, summarizing, analyzing, verifying, and reporting the results of business transactions and financial dealings in the books of accounts, and it is a general term for the rules, methods, and procedures that should be followed to carry out accounting work.

Basic Contents

1. Principle provisions concerning the accounting system. Generally known as the general principles, including the tasks of accounting, accounting system should follow the principles.

2. Specific provisions relating to accounting operations. Such as accounting subjects and their use; accounting vouchers, books of accounts, bookkeeping procedures and accounting methods; the format of accounting statements and their preparation.

3. Regulations on property management, costing. Such as fixed assets and the liquidity of the accounting methods, costing methods.

4. Provisions related to property inventory, accounting staff handover and accounting records management.