As you know, the activities of any company, and even the individual entrepreneur should be displayed in the financial documentation.This rule is indispensable for any company, regardless of scope, size and complexity of the operations.In this article we will explain what the task of accounting and explain why it is not mandatory maintenance of legislative whim, but a necessity.
to start pay attention to the concept of an information system, which is a means of ensuring the people they need in the course of business information.Accounting, in fact, is the same for the enterprise information system and provides the necessary data of users of accounting information.On this basis, we can formulate the main tasks of accounting:
1) The first and most important task - as much as possible the formation of a more complete and accurate picture of the economic activity of the company.The importance of this task of accounting is that on the basis of data provided in the financial statements, company executives, investors, shareholders and other users of information are taking different kinds of solutions: management, financial decision to grant or not to grant debt and so on.The more accurately keep records, fewer errors contain the financial data, the greater the likelihood that users of information will make rational and effective solutions, which means that their personal well-being and prosperity of the company will grow.
2) to monitor the activity of the company, the timely detection of deviations from plans and projections, identifying their causes and formation of proposals to adjust the current situation - study reporting accountants helps to understand whether the company according to the plans of management.If the value of benchmarking differ materially from those projected, it should be an occasion for a more detailed analysis of up to internal investigations.
3) Identify the firm reserves of various kinds, through which can be provided with additional financial, payment, the economic stability of the company.This refers to the control of the presence and movements of various kinds of resources - financial material (raw materials, supplies, tools, etc.) and labor
4) Control of the expediency of the transaction - by analyzing the performance of accounting, you can determine what operations are beneficial to the company,and which, on the contrary, bring only losses.It is thanks to the implementation of the tasks of accounting companies curtail those economic activities which they are not profitable, and move on to more lucrative.
5) Monitoring the compliance of the company norms of legislation - studying enterprise reporting, regulatory authorities (Tax Administration, Pension Fund, Social Insurance) can make conclusions about whether his work laws, it regulates, in full any amount paid all taxes andmandatory contributions.In case of violations, these bodies can affect the organization to return it to the legal framework.
Based on the above list, it can be concluded that the goals and objectives of accounting fully explain the need for its conduct.It is thanks to the competent accounting firm can provide the necessary information for a person directly involved in its daily operations and development.In addition, the account makes it possible to quickly monitor all ongoing operations and in case of any problems as quickly and effectively respond to them.
