to compute and report CPI (Consumer Price Index)
To track government spending
They are set of accepted accounting standards and general rules.
An integrated accounting system requires a cash book and general journal, where a set of books contains inventory and cost accounting information. In non-integrated cost accounting, only a purchase account is required to record purchases.
Financial Accounting Standards Board (FASB) set US GAAP (Generally Accepted Accounting Practices)
Who says accounting is a science. It is not. It's just simply a way to manage and control money flowing in and out of company. Any accounting theory is not based on some scientific experiments, it is not required. Managing money is no science so, accounting is what it is: Just a set a general principles set by some oldies way back in past and now those rules are changed on monthly basis according to economic conditions. Simple.
GAAP is nothing but a set of principles followed by a company which helps it to manage effectively and compare the profits and losses of different accounting periods.there are many such principles.
In "Business Accounting" you will learn how to keep one set of books for yourself and another set of books for the IRS.
The Microsoft Office Small Business Accounting 2006 software is sold at a competitive price with a solid set of small business accounting tools. The interface is easy to learn and provides not only set up short cuts but an import data wizard, making it easy to transfer company data from excel. This software is designed for the cost - conscious entrepreneur. It is ideal for any small business with up to 25 employees that manages its own finances.
It should be set to recieve all updates as they are made available.
It will depend on what the company will set your wage at as to how much you will get paid for General Office. Some companies vary in pay, ranging from minimum wage to a pay over the minimum wage. I recommend checking with the Payroll office to see what their pay rate is.
Full set accounting refers to a set of financial statements. The statements are made up of financial position, comprehensive income, changes in equality, and cash flow.
Financial Accounting Standards Board (FASB) set US GAAP (Generally Accepted Accounting Practices)
GAAP - Generally Accepted Accounting Principles