For this task you are to write a procedure detailing how you would set up and operate a computerised accounting system. This procedure is to be written to an audience who have no previous knowledge of the subject and should be designed to instruct them on the exact procedure for setting up and operating a computerised accounting system.

In line with organisational requirements, procedures and policies, industry legislation relating to computerised accounting systems.

Ensure you cover the following areas in your procedure:

Setting up an integrated accounting system

Setting up customers, suppliers and inventory items

Processing transactions within the system

Ensuring integrity of the data

Generating, producing and printing reports

Maintaining the system

Ensuring system integrity

Identifying technical help

For this task you must research each of the following topics and complete a basic report on your findings. The research topics are:

What are the key features and characteristics of information included in source documents of financial data?

Discuss the key features of desktop and cloud-based computerised accounting systems

Outline the key features of organisational policies and procedures relating to setting up and operating a computerised accounting system.

What are the key requirements of financial services industry legislation relating to information privacy when using computerised accounting systems? Discuss three.