Accounting is an integral part of the functioning of any enterprise. With its help, you can track the movement of property and liabilities of the company, analyze the effectiveness of its activities, draw a conclusion about the quality and level of its work.
Instructions
Step 1
Accounting in general is an orderly system for collecting and processing information about property and the sources of its formation, as well as their movement through continuous and documentary accounting of all business transactions in monetary terms. The accounting records are accurate and reasonable. Only in this case it is possible to give an objective assessment of the activities of the organization and use the information as an evidence base when resolving controversial issues with employees of the enterprise and other organizations.
Step 2
Accounting should not be confused with operational accounting, which is the observation and control of certain types of transactions. It is usually used in cases where you need to quickly obtain data on business transactions. It covers only a part of those transactions that are reflected in accounting. That is, accounting is broader than operational accounting, but it covers a narrower range of objects than statistical. The latter studies the relationship of mass phenomena and processes. He explores not only economic phenomena, but also other aspects of social life.
Step 3
Accounting includes management, financial and tax accounting. Management accounting is a type of accounting that collects and processes information for the needs of management in an organization. Its goal is to create an information system at the enterprise. The data obtained as a result of management accounting is used to make management decisions in the planning and forecasting process in the company.
Step 4
Financial accounting is that part of accounting through which the collection, processing, storage and presentation of financial information takes place. This information includes data on the income and expenses of the company, on the formation of assets, on debts, funds, etc. With the help of tax accounting, information is collected and summarized in order to determine the tax base. Its purpose is to ensure the correctness of calculations between the enterprise and government agencies.
