Application of Computers in Accounting — Syllabus
ICSE · Class 11 · Accountancy
What Application of Computers in Accounting covers in ICSE Class 11 Accountancy: 4 topics, for the 2026-27 session.
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Topics in Application of Computers in Accounting
1. Application of Computers in Accounting
- A computer performs recording, classification, summarisation, and interpretation by analysis of accounting data.
- It is not limited to payroll; it also prepares ledger accounts, trial balance, and financial statements.
- Computerised accounting improves speed, accuracy, and regularity of records.
2. Automation of Accounting Process
- Automation of accounting process means carrying out the accounting process by using computers.
- The process begins with designing a database for accounting.
- Transaction processing system is used for this purpose.
3. Transaction Processing System
- Transaction Processing System is the first stage of a computerised accounting system.
- It records, processes, validates, and stores transactions for later retrieval and use.
- It is concerned with financial transactions only.
4. Chart of Accounts
- Setting up a chart of accounts is one of the first tasks in an accounting system.
- It is the foundation on which the financial record keeping system is built.
- The chart of accounts usually includes three columns: Accounts, Type, and Description.
Key Concepts
Central concept: Computerised Accounting System
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