Accounting is a body of principles and conventions as well as an established general process for capturing financial information related to an entity's resources and their use in meeting the entity's goals.
Accounting statements provide financial details concerning the operation of a business or other form of organization.
describe various uses of financial statements
feature of accounting princeple
form_title=Accounting Services form_header=Start taking account of your business and saving money with professional accounting services. What type of accounting services does your business need?= [] Tax Preperation [] Audit [] Bookkeeping [] Certified Public Accountant (CPA) [] Other What is your company's annual revenue? (Please enter amount)=_ Briefly describe what your company does:=""
One of the most common internal criminal activities is the manipulating of accounting records to steal business funds.
Accrual accounting records an expense/revenue in the period the transaction occurs. Cash accounting recognizes and expense/revenue when cash is exchanged.
must have staff who prepare financial statements on a monthly, quarterly, and/or annual basis. To meet these primary objectives, a series of steps is required. Collectively these steps are known as the accounting cycle.
Filter reports --separate selected data from a database, such as a monthly check register
Describe the procedures that are usually included in a typical payroll accounting system?
TRANSACTION
Accounting helps people understand businesses based on the numbers associated with a business. Since the meanings of numbers are static, accounting is considered the language of business.
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