The Accounting Review Vol. 33 No. 3 1958
SOME PRINCIPLES OF ACCOUNTING SYSTEMS DESIGN.
Abstract
Systems design should be founded on at least five more or less fundamental considerations, each of them in turn supported by subsidiary factors which have been stated here in the form of maxims or principles. A concise statement of the five basic considerations follows. The designer of an accounting system should constantly bear in mind that his system should: 1. Satisfy the information needs of those associated with the particular entity. 2. Provide the information when needed and at relatively low cost. 3. Incorporate features of check and control insuring fidelity of recording and protection of assets. 4. Be uniformly and consistently implemented. 5. Be capable of accommodating changes with a minimum of redesign.
- DOI
- 10.2308/tar-7059521
- Volume
- 33
- Issue
- 3
- Pages
- 419-422
- Language
- en
- Sources
- crossref openalex