Integrated and Interlocking Accounts

  • Jill Collis
  • Roger Hussey
Part of the Macmillan Business Masters book series (PMB)


All efficiently managed organisations need to keep some form of financial accounting system. For some organisations, such as limited companies, there are strict legal requirements that must be adhered to, but even very small businesses need to keep some form of financial records for taxation purposes. In addition to financial accounts, many organisations keep cost accounts. This means that they need two sets of books: a financial accounting system for recording items such as the purchase of raw materials, payment of expenses and revenue collected, and a cost accounting system so that the total production costs can be accumulated and allocated to cost units.


Accounting System Creditor Trade Cost Account Financial Accounting Control Account 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Jill Collis and Roger Hussey 1999

Authors and Affiliations

  • Jill Collis
  • Roger Hussey

There are no affiliations available

Personalised recommendations