Financial System

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Written by:

Stanley M


Date added:

May 26, 2013








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5 / 1175


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The Financial Business System is the accounting and managing of finances realm for the businesses of today. Along with the financial business system there are some sub-systems that fall under the same umbrella as accounting, those are: payroll, general ledger, fixed assets, accounts payable, and accounts receivable...
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We will be going over each subsystem, defining what they are, giving some examples and relating them to the financial business system as a whole. The first item that will be covered will be the subsystem of payroll. For those that might not have a clear definition of what payroll is, Webster's (2008) dictionary defines payroll as “an employer's list of those entitled to pay and of the amounts due to each...
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