Meaning of “accounting system” in the English Dictionary

"accounting system" in Business English

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accounting systemnoun


[ C ] a particular way in which a company or organization records and reports its financial information:

[ S ] the set of principles and methods used by organizations for recording and reporting financial information:

The financial accounting system was historically well established before the concept of cost accounts was introduced.

[ C ] a computer program or set of computer equipment and software that is used for keeping accounts:

Management circumvented the company's internal accounting controls by overriding the company's computerized accounting system.
You can purchase accounting system software for as little as $100.

(Definition of “accounting system” from the Cambridge Business English Dictionary © Cambridge University Press)