Journal of Legal, Ethical and Regulatory Issues Volume 24, Special Issue 1, 2021 1 Business Ethics and Regulatory Compliance 1544-0044-24-S1-87 ACCOUNTING SYSTEM DEVELOPMENT FOR COMMUNITY BUSINESS TO STRENGTHEN ECONOMY OF WOMEN’S GROUP OF PROCESSING FERMENTED FISH IN THE NORTHEAST OF THAILAND Piyachat Thongpaeng, Sisaket Rajabhat University Theewara Sutanthawiboon, Muban Chombueng Rajabhat University ABSTRACT The purposes of the accounting system development for community business to strengthen the economy of women’s group of processing fermented fish in the Northeast of Thailand aimed to study the shortcomings of the accounting from the existing accounting system to develop into an appropriate accounting system by analyzing the weaknesses and the shortcomings. The findings from the study revealed that there was an error in money receipt, money payment, and other processes. In addition, the accounting preparation did not conform to the accounting procedures. Therefore, the researchers designed an accounting system and defined the operating procedures for the group as follows: (1) assigning distinct duties and responsibilities for the committees, (2) designing documents, account books, and financial reports, (3) defined accounting diagrams and codes, (4) defining operational methods, i.e. system of cash receipts; cash payment; production; production cost calculation; account adjustment and closing; preparation of financial statement; and liability dividend payment, (5) preparing accounting manual as a guideline and self-study in the accounting. Most of the agriculturists were elderly people, so they lacked staff who had knowledge and understanding in accounting. Therefore, members who were interested in accounting participated in accounting training. In addition, the group leader should understand internal control as well. Keywords: Development, Accounting System, Community Business, Economy Strength, Women’s Group of Processing Fermented Fish INTRODUCTION As per the 20-year National Strategic Framework of the 12th National Economic and Social Development Plan (2017-2021), it is a long-term strategy transferring into action in a range of five years. The main target of this National Economic and Social Development Plan is to enhance a middle-income country to a high-income country focusing on developing the human potential to support the growth of the country, reducing inequality in society, creating social growth and environmentally friendly economy, and effective public administration. In addition, it is a plan that introduces and applies the philosophy of sufficiency economy holding people in the center of participatory development, which bases on the principles of balance and sustainability with continuous research, and development by supporting research and development funding from the government for both the public and private sectors. It supports agricultural production based on local conditions, develops and strengthens knowledge in various science and technology that are appropriate for the agriculture of the country. Additionally, it supports the use of environmentally friendly production technology, promotes the creation of added value to agricultural products throughout the production chain, and supports the