Most organisations have a range of policies and procedures relating to the operation of their accounting systems. Describe in how you would apply policies and procedures to operating a computerized accounting system (120 - 150words).

Please remember do not quote GAAP as policies and procedures for operating a computerized accounting system as it is refered as Generally Accepted Accounting Principles and the term applies to the accepted accounting principles used in any country, not for computerised system.

(Please consider Australian Accounting environment)

(Please type up your answer!)