Topic: Functions and role of Accounting Systems. Learning Objective: The objective of this discussion is to make the students able to understand about the accounting systems and its roles and functions.
“It is said that accounting is the language of business and the role of accounting system is changing over the time. Earlier accounting served as to classifying, recording and measuring the financial transactions. Presently the accounting systems are much more diverse than merely classifying, recording and measuring of financial information. Discuss”

Note: your comments should not be more than 150-175 words.
Write precisely and avoid unnecessary details.
Avoid copying material from article. Produce logical points in your own words.
Adopt a critical approach while answering the given question.
Only logical and rational points supported by good reasoning will be awarded marks.
You are advised to be specific and avoid unnecessary details
or explanations as it can have negative impact on your GDB score.
Copied material will be marked as ZERO.

Other Important Instructions:

1. Your discussion must be based on logical facts.
2. Do not copy your answer with other students or from internet sources. Two identical / copied comments will be marked Zero (0) and may damage your grade in the course.
3. Obnoxious or ignoble answer should be strictly avoided.
4. Questions / queries related to the content of the GDB, which may be posted by the students on MDB or via e-mail, will not be replied till the due date of GDB is over.

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