What is Inclusive Accounting.
Accounting has diversified its status conceptually and practically over the Last century.It all started with bookkeeping-Drawing profits periodically-Maintaining Cost records-Preparing management reports and financial statements-Designing and fixing internal controls to check data/document/process flow-To complying to Tax authorities-Complying to global standards of accounting-To designing and tracking system flow-To enabling audit of all these above and finally at a stage to converge.
Inclusive accounting is an information mechanism that is enabled by advent of computers and business globalisation,Whereby the data required for processing management reports and compliance reports are converged and processed into a well developed scheme to give value added information to the end user on demand.
Integration of required data for generating various reports is one of the prime requirement of Inclusive accounting.
An inclusive accountant is supposed to deliver what is required by the user at the right time and place.
Inclusive accounting is an information mechanism that is enabled by advent of computers and business globalisation,Whereby the data required for processing management reports and compliance reports are converged and processed into a well developed scheme to give value added information to the end user on demand.
Integration of required data for generating various reports is one of the prime requirement of Inclusive accounting.
An inclusive accountant is supposed to deliver what is required by the user at the right time and place.
posted by Ubhaya Vedanthi.R.Veeraraghavachariar at 8:57 PM
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