In practice all accounting methods are applied in close contact with each other.After any operation in the account based on the documentation, the operations themselves are written using the double entry of data used to verify the inventory, and at the end make up the balance sheet and financial statements.
Basic elements of accounting method related to the accounting supervision.For this purpose, the primary documentation and inventory.Also used as a measurement of accounting estimates and costing.The daily work includes accountant accounting objects, using the chart of accounts and double entry, and then summarizes the accounting data during the formation of the balance at a certain date.
To understand the accounting methods should be further focus on its separate elements:
- documentation.
with him closely related concepts such as workflow, documentation, standardization and unification.At the initial stage of accounting used in the accounting source documents on which the properly and timely executed all business transactions.
unification of documents is the development of standard forms of documents used by enterprises in the design of similar operations, regardless of ownership and departmental affiliation and approved by the State Statistics Committee.
If the same size standards established forms for similar documents.This facilitates both the processing and storage of documents in the archive.
Document developed and approved by the head accountant.In his absence, and started keeping an opportunity for abuse.
- Inventory
When checked for compliance, and property and goods according to the documentation.Inventory helps to timely respond to their absence.During the inventory, the normal workflow in the organization of the staff employed in the practice guidelines for accounting use the form, follow norms and standards, using accounting devices.
- of Accounts is a double table where the left - debit, and the right - credit.
- Double Entry reflect all business transactions.Offsetting entry made in the form of accounting entries.If two accounts are linked, it would be a simple wiring, the interrelationship of several accounts is made complicated wiring.
- rank
property valued in money terms in the amount of purchase, at market value or cost of manufacture by the enterprise.Using the methods of accounting, assess inventory, means of production, income and expenses of the enterprise, accounts receivable and accounts payable.
- calculation
This takes into account the costs and determined the cost of production, services and works.
- Balance
component at a specified date and for a certain period, when the reduced closing balances of all accounts.In practice, often used the accounting and liquidation balance sheet of the enterprise.If necessary, of the separation (in the division of the organization), unification (with the merger of several companies into one) and the opening balance sheet, if the funds are available at the beginning of activities.
- accounting statements
is a broader concept and is made monthly, quarterly, once a year, at the same time shows the true financial position and results of its operations for the period or on a specific date.The financial statements include the balance sheet, profit and loss account, notes on the balance sheet and, if necessary, also the auditor's report.
all accounting methods are used simultaneously, so select them, study in isolation is impossible.
