abstract 
accounting is poised to meet the new challenges of developed countries after the outsourcing of accounting work. To meet the challenge accounting sector in India needs a tangible improvement in terms of quality and performance. To meet these needs, Indian accountants need to be well-informed about the latest trends in the accounting industry, ie new coupon entry techniques, new accounting methods for branches and departments, and a new accounting automation system . This should be possible only with the accountants of the millennium technology interface (modern accounting) in what is playing an important role in the era of globalization. The aim of this paper is to highlight traditional and modern accounting concepts.

Introduction
 Accounting is the system that a company uses to measure its financial performance by noting and classifying all transactions as sales, purchases, assets and liabilities in a way that adheres to certain accepted standard formats. It helps evaluate a company's past performance, current status and future prospects. A more formal definition of accounting is the art of recording, classifying and summarizing in a meaningful way and in terms of money, transactions and events that are, at least in part, financial in nature and interpreting the results thereof. Indian accounting is prepared to meet the new challenges of developed countries after the outsourcing of accounting work. To meet the challenge accounting sector in India needs a tangible improvement in terms of quality and performance. To meet these needs, Indian accountants need to be well-informed about the latest trends in the accounting industry, ie new coupon entry techniques, new accounting methods for branches and departments, and a new accounting automation system . This should be possible only with the accountants of the millennium technology interface (modern accounting) in what is playing an important role in the era of globalization. Accounting was done manually until the 1980s. Before the arrival of cheap and cheap computers, accounting was traditionally processed manually with all transactions recorded in columnar papers and maintained in bulky binders. Once computers became popular and affordable software, accounting tasks moved into this medium, where concepts remained the same but the mechanics shifted roles to programs. When it started the advent of fast computers and software easy to use, accurate and reliable. An accounting system is a collection of processes, procedures, and controls designed to collect, record, classify, and summarize financial data for decision-making in interpretation and management. Modern accounting involves making use of computers, hence it is called as computerized accounting. Includes accounting software to record, store and analyze financial data. A modern accounting system brings with it many advantages that are not available for accounting systems throughout