What Is Accounting

What is write up? explanation is an instruction and communication governing body that provides pecuniary cultivation to interested parties for fiscal decision make. report involves: Measuring, recording, summarizing and inform pecuniary information Keeping records of twenty-four hour period to day financial events and proceedings Producing financial statements and reports showing financial speckle and performance Analysing and interpreting financial information, making recommendations and problem work Providing users with information to make financial judgements and decisions financial and heed Accounting Tradition bothy, method of accounting is divided into 2 handle financial accounting and care accounting.

Financial Accounting is: Recording, classifying and summarising any day transactions (Bookkeeping) Preparation of general declare oneself financial reports and statements Management Accounting is: Preparation of information required for powerful and efficient management of business resources Providing specific purpose information (financial and non financial) to decision makers |Financial Accounting | |Management Accounting | | out-of-door users shareholders, creditors,|Main users | familiar users managers, heads of | |government agencies | |departments, supervisors | |Classified Financial Statements ! |Types of Reports | intimate reports as take | |quarterly, 6 monthly, annually | | | |General purpose information for all users|Purpose of Reports |Specific purpose information for a | | |...If you requirement to get a full essay, read it on our website: OrderEssay.net

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