IT Controls

Application Controls
Application controls are controls relating to transactions and standing data for each computer-based accounting system, specific to each application. These controls ensure the completeness and accuracy of accounting records and the validity of entries.
Systems Development Controls
Systems Development Controls refer to the internal controls that ensure the development of computerized systems is properly managed and secured. These measures mitigate risks by enforcing structured protocols such as the segregation of duties.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.