Accounting System of Monika Apparels Ltd. A Study on Chayabithi Branch, Savar, Dhaka

Abstract

Accounting system is a very important part of an organization at the present world. Space without an accounting system and organization cannot fulfil the objective and goals. The accounting system or procedure is traditionally been used to identify what is financial condition of an organization. From the accounting procedure a company can easily identify whether the company is in good condition are in bad condition. The accounts department calculate each and every transaction is made in an organization. Its major responsibility is to find out the financial health condition of an organization. Is the most important department of an organization in this huge department it consists of auditing, mainstream accounts, financial and managerial data analyses, fund management, tax and VAT calculation etc. This department maintains a very healthy workflow. The raw data from the daily transactions go through step-by-step calculations. At first the information goes to the auditing section then go to mainstream accounts section then these are sent to managerial analysts then these go to DGM. Lastly DDM pass the information to the honorable managing director. So, if I can understand the accounting procedure of Monika Apparels LTD. and their working process, it will be very helpful for me in the future because at that time I can contribute myself for the success of the organization and I can easily find out any kind of accounts related problems within the organization. And as I mention the importance of accounting system and it is also related to my major subject, so I am proposing this study.