Large organizations are in the state and the chief accountant and a few accountants, small businesses have only one accountant.Often accounting in an organization is a third-party specialist organization or service contract.Sometimes he has been the head of the accounting department alone.The concept of accounting is a system in which the property in the enterprise, financial liabilities, costs and revenues collected, recorded and generalized continuity and on the basis of primary documents in terms of money.
Accounting is of several types:
- Management Accounting
the basis of management accounting is the analysis of the cost of production, the cost of its production, improving production processes, to reduce costs.
- Financial Accounting
This takes into account information about the receivables and payables, costs and profits, property and funds of various enterprises.Financial accounting is necessary for the calculation of taxes, for the information of investors for reporting.If the financial accounting is governed by state regulations, public information is often published in the media, the management accounting is an individual and strictly confidential.
- Tax Accounting
peculiarity is that accounting is not only a payer, but also by the tax authority.In practice, all types of accounting are closely linked.
general concept of accounting of each species is important to know and practice accountants, managers, auditors, tax inspectors and ordinary citizens alike.Specialists use a deep knowledge and experience in the work, and they are constantly improving.And it helps the citizens to be law-abiding and have no hassle.
continuity, the use of double-entry is considered as the basic concept of accounting at registration of business transactions across the enterprise.In practice, accountants use corresponding accounts to form wiring.
For any enterprise, the concept of accounting includes information on the formation of business operations, and control over the movement of assets and funds, and reporting and identification of the financial result in the end.
Against the background of different ownership forms, the importance of acquiring basic accounting functions:
- control
Controlled shipped and sold goods, services, efficient use of money, production workers, raw materials, plant and equipment.It is under control of the profit that remains in the company and that is subject to taxation.In addition, it is important to know the solvency and financial position of its competitors.
Information Financial information is used in planning agreements and contracts, forecasting earnings, statistical accounting and reporting organization.
- Analytical
The analysis of human and financial resources, the cost of production is checked in the correct pricing.
- Feedback
Accounting provides information on the property, relationships with suppliers and customers, with the tax and other government agencies, banks and foreign partners.
- retain ownership
This function is carried out in the company by means of instrumentation and containers, application flow and inventories.
When selling products, finished products, the provision of services, the performance of work carried out in the company's accounting records of income and expenses.
This necessarily reflect taxes and allocate production costs to the accounting entries.
