What does accounting control system mean?

accounting control system meaning in Law Dictionary

The ways an organization manage their particular accounting methods. The aim is to follow guidelines and processes, protect the organization, and offer appropriate reports.

accounting control system meaning in Business Dictionary

practices or treatments that form the whole inner control system of a company. This technique can be involved with (1) guaranteeing conformity with bookkeeping policies and procedures, (2) safeguarding the organization's possessions, and (3) preparing trustworthy and timely economic reports.