IT Financials Glossary

Financial accounting system

Posted in Systems by mgentle on August 26, 2010

Financial accounting system: see General accounting system.


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  1. Accruals said, on April 5, 2011 at 15:35

    […] The alternative to using accruals to track uninvoiced work is to use commitments instead, which is simply uninvoiced work recorded in the management accounting system. An accrual goes one step further and records the commitment in the financial accounting system. […]

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