ABSTRACT
This chapter aims to provide a very broad understanding of the nature of accounting systems, both manual and computerized. In practice even the system of double-entry book-keeping rapidly becomes unwieldy as the volume of transactions increase. Ways need to be found of dealing with this volume/scale-oriented problem. In general, systems are devised which break down the recording process into subdivisions, to provide manageable parts, for which individuals or teams can be given responsibility.
