ManagementMania AppMania EduMania JobMania BusinessPages


What is Accounting
Accounting is a term that refers to records of economic phenomena of entities, which may be legal or natural person. Accounting is a summary of information of assets, liabilities, receivables and economy and it provides such information to management, owners and other authorities or institutions.

Accounting (or Accountancy, Book-keeping) refers to records of the economic activities of entities, which may be legal or natural persons. Accounting is a summary of information of a company´s assets, liabilities, receivables and economy and it provides such information to the management, the shareholders, the owners and other authorities or institutions (state, banks, insurance companies, investors, police, courts). The financial statements are the key outputs of accounting. Accounting provides a basic economic overview of the entity (usually to an enterprise or another organization).

The obligation to keep accounts is determined by state legislation. It usually applies to legal persons, associations and business individuals. Accounting must comply with the legislation of a country, its accounting standards, international law and international accounting standards (IAS/IFRS or GAAP). The common Accounting period is one calendar year or a fiscal year. The basis of accounting is formed by accounting documents.

There are two basic concepts of accounting systems:

Accounting was first described in written form in 1494 in a book by the Italian monk Luca Pacioli.

Depending on its purpose, accounting is further divided into:

Use of accounting in practice: The aim of accounting is primarily to display and analyze the economic activity of an entity in monetary terms. Accounting data is used by management as a guide for its actions and to assess the performance of an entity. Based on data from accounting, forecasts and planning of strategic development may be undertaken. The accountant has the responsibility to keep the accounts, the CFO has the overall responsibility. The outputs of accounting are used as a basis for a company´s tax return.

One of the most widespread certifications in financial and management accounting is the ACCA Qualification.

Related terms and methods:

Related profession:

Related management field:

Related software:

previous next
Did this article help you?
Rating:
Last update: 15.09.2015

Comments

Christina Beck 4 months

Why do only so much written on this subject? Here you see more. international call forward

Was this helpful?
Rating:
Christina Beck 3 months

I am a new user of this site so here i saw multiple articles and posts posted by this site,I curious more interest in some of them hope you will give more information on this topics in your next articles. www.instafollowerspro.com

Was this helpful?
Rating:
Christina Beck 3 months

it's really nice and meanful. it's really cool blog. Linking is very useful thing.you have really helped lots of people who visit blog and provide them usefull information. house maid services dubai

Was this helpful?
Rating:
Christina Beck 2 months

Acknowledges for paper such a beneficial composition, I stumbled beside your blog besides decipher a limited announce. I want your technique of inscription... rv altitude price

Was this helpful?
Rating:
Christina Beck 2 months

This is important, though it's necessary to help you head over to it weblink: avenue south residence condo

Was this helpful?
Rating:
Christina Beck 2 months

Very interesting information, worth recommending. However, I recommend this: florence residences price

Was this helpful?
Rating:
Christina Beck 2 months

Hi there, I discovered your blog per Google bit searching for such kinda educational advise moreover your inform beholds very remarkable for me. parc clematis price

Was this helpful?
Rating:
Christina Beck 2 months

I personally use them exclusively high-quality elements : you will notice these folks during: riviere condo price

Was this helpful?
Rating:
Christina Beck 2 months

I am interested in such topics so I will address page where it is cool described. midwood condo price

Was this helpful?
Rating:
Christina Beck 2 months

At this point you'll find out what is important, it all gives a url to the appealing page: piermont grand ec

Was this helpful?
Rating:
Christina Beck 2 months

Can nicely write on similar topics! Welcome to here you'll find out how it should look. view at kismis floor plan

Was this helpful?
Rating:
Christina Beck 2 months

I might suggest solely beneficial in addition to trusted facts, and so find it: sky everton price

Was this helpful?
Rating:
Christina Beck 2 months

This is very significant, and yet necessary towards just click this unique backlink: painting services in dubai

Was this helpful?
Rating:
Christina Beck 2 months

For this web site, you will see our account, remember to go through this info. 바카라사이트

Was this helpful?
Rating:
Christina Beck 2 months

Interestingly you write, I will address you'll find exciting and interesting things on similar topics. детски стаи плевен

Was this helpful?
Rating:
Christina Beck 2 months

Gives you the best website address I know there alone you'll find how easy it is. convert svg to jpg

Was this helpful?
Rating:
Christina Beck 2 months

You bear through a awesome vacancy. I sanity definitely quarry it moreover personally suggest to my buddys. I am self-possessed they determination be benefited from this scene. convert svg to png

Was this helpful?
Rating:
Christina Beck 2 months

It is especially decent, though look into the tips during this home address. convert jpg to pdf

Was this helpful?
Rating:
Christina Beck 2 months

I wrote about a similar issue, I give you the link to my site. convert png to gif

Was this helpful?
Rating:
Christina Beck 2 months

Within this webpage, you'll see the page, you need to understand this data. Vertigo and Dizziness Program

Was this helpful?
Rating:
Christina Beck 2 months

Your blogs further more each else volume is so entertaining further serviceable It appoints me befall retreat encore. I will instantly grab your rss feed to stay informed of any updates. 먹튀검증

Was this helpful?
Rating:
Christina Beck 2 months

I invite you to the page where see how much we have in common. 먹튀폴리스

Was this helpful?
Rating:
Christina Beck 2 months

I would recommend my profile is important to me, I invite you to discuss this topic. plumbers in bristol

Was this helpful?
Rating:
Christina Beck 2 months

These things are very important, good think so - I think so too... тениски

Was this helpful?
Rating:
Christina Beck 2 months

Interesting and interesting information can be found on this topic here profile worth to see it. end of tenancy cleaning epsom kt19

Was this helpful?
Rating:
Christina Beck 2 months

Interestingly you write, I will address you'll find exciting and interesting things on similar topics. diploma

Was this helpful?
Rating:
zpn zpn about 1 month

There tend to be not many people who can certainly write The Garden Residences that artistically. Continue the nice writing!

Was this helpful?
Rating:
zpn zpn about 1 month

such a beneficial composition, I stumbled beside The Florence Residences and decipher a limited announce.

Was this helpful?
Rating:
zpn zpn about 1 month

For this reason it's prudent that you can acceptable homework leading up to publishing. You may establish better print in Parc Clematis.

Was this helpful?
Rating:
zpn zpn about 1 month

I don’t recognize who you might be but certainly you’re going to a well-known blogger if you are writing for stirling residences!

Was this helpful?
Rating:
zpn zpn about 1 month

Do you want help cleansing them up? I may help in between parc esta!

Was this helpful?
Rating:
zpn zpn about 1 month

this is as if a smiling visitor is here to share treasure at tampines!

Was this helpful?
Rating:
zpn zpn about 1 month

These bit advice are actually The Hyde and also a bunch of background advice.

Was this helpful?
Rating:
zpn zpn about 1 month

I was reviewing this blog continuously, and I am impressed like a View At Kismis .

Was this helpful?
Rating:
zpn zpn about 1 month

The style make an effort delightful. All of RV Altitude really are designed choosing massive amount historical past feel.

Was this helpful?
Rating:
zpn zpn about 1 month

detailed and meticulous lesson, it really has a lot of The Avenir.

Was this helpful?
Rating:
Christina Beck about 1 month

Hi there, I discovered your blog per Google bit searching for such kinda educational advise moreover your inform beholds very remarkable for me. jaguar authorized car service centre dubai

Was this helpful?
Rating:
Christina Beck about 1 month

Excellent read, Positive site, where did u come up with the information on this posting?I have read a few of the articles on your website now, and I really like your style. Thanks a million and please keep up the effective work. yoga burn reviews zoe

Was this helpful?
Rating:
Christina Beck about 1 month

I am always searching online for storys that can accommodate me. There is obviously a multiple to understand about this. I feel you made few salubrious points in Attributes moreover. Detain busy, awesome career! get more info

Was this helpful?
Rating:
Christina Beck about 1 month

Below you will understand what is important, the idea provides one of the links with an exciting site: penis pump

Was this helpful?
Rating:
Christina Beck about 1 month

It is quite beneficial, although think about the facts when it reaches this target. sizegenetics amazon

Was this helpful?
Rating:
Christina Beck about 1 month

You should mainly superior together with well-performing material, which means that see it: rolex submariner bezel replacement

Was this helpful?
Rating:
Christina Beck about 1 month

For many people this is the best solution here see how to do it. 결혼정보업체

Was this helpful?
Rating:
Christina Beck about 1 month

I read this article. I think You put a great deal of exertion to make this article. I like your work. 바둑이사이트

Was this helpful?
Rating:
Christina Beck about 1 month

These websites are really needed, you can learn a lot. 바카라사이트

Was this helpful?
Rating:
Christina Beck about 1 month

The best article I came across a number of years, write something about it on this page. see here

Was this helpful?
Rating:
zpn zpn about 1 month

actually,i have so many things to do in my spare time.and i like to stay with Midwood.

Was this helpful?
Rating:
zpn zpn about 1 month

i don't like to be with others in Hyll On Holland.

Was this helpful?
Rating:
Christina Beck about 1 month

At this point you'll find out what is important, it all gives a url to the appealing page: rencontre

Was this helpful?
Rating:
Christina Beck about 1 month

Cool you write, the information is very good and interesting, I'll give you a link to my site. Boxing Day Sale

Was this helpful?
Rating:
Christina Beck 19 days

This is very useful, although it will be important to help simply click that web page link: 토토사이트

Was this helpful?
Rating:
Christina Beck 18 days

I use basically superior fabrics : you will discover these products by: детски мебели София

Was this helpful?
Rating:
Christina Beck 17 days

The best article I came across a number of years, write something about it on this page. Moving and packing services

Was this helpful?
Rating:
Christina Beck 17 days

I am interested in such topics so I will address page where it is cool described. Avenue South Residence

Was this helpful?
Rating:
Christina Beck 17 days

I simply want to tell you that I am new to weblog and definitely liked this blog site. Very likely I’m going to bookmark your blog . You absolutely have wonderful stories. Cheers for sharing with us your blog. 그래프사이트

Was this helpful?
Rating:
Christina Beck 13 days

Gives you the best website address I know there alone you'll find how easy it is. bee swarm simulator codes

Was this helpful?
Rating:
Christina Beck 13 days

Interestingly you write, I will address you'll find exciting and interesting things on similar topics. Do you need an eBay or Amazon account?

Was this helpful?
Rating:
Christina Beck 13 days

This is very interesting content! I have thoroughly enjoyed reading your points and have come to the conclusion that you are right about many of them. You are great. Miami deep sea fishing charter

Was this helpful?
Rating:
Christina Beck 13 days

This is helpful, nonetheless it can be crucial so that you can check out the following website: Panama City Beach fishing guide

Was this helpful?
Rating:
Christina Beck 13 days

Acknowledges for penmanship such a worthy column, I stumbled beside your blog besides predict a handful advise. I want your tone of manuscript... hd film izle

Was this helpful?
Rating:
Christina Beck 13 days

You bear through a awesome vacancy. I sanity definitely quarry it moreover personally suggest to my buddys. I am self-possessed they determination be benefited from this scene. lose belly fat

Was this helpful?
Rating:
Christina Beck 13 days

You should mainly superior together with well-performing material, which means that see it: Vegetarain Recipes

Was this helpful?
Rating:
Christina Beck 13 days

Here you will learn what is important, it gives you a link to an interesting web page: Where To Buy Makeup Online

Was this helpful?
Rating:
Christina Beck 13 days

I've proper selected to build a blog, which I hold been deficient to do for a during. Acknowledges for this inform, it's really serviceable! dryer repair vancouver

Was this helpful?
Rating:
Christina Beck 13 days

It is especially decent, though look into the tips during this home address. health and beauty product reviews by experts

Was this helpful?
Rating:
Christina Beck 13 days

On my website you'll see similar texts, write what you think. Egypt

Was this helpful?
Rating:
Christina Beck 13 days

Acknowledges for penmanship such a worthy column, I stumbled beside your blog besides predict a handful advise. I want your tone of manuscript... tech latest

Was this helpful?
Rating:
Christina Beck 13 days

On that website page, you'll see your description, why not read through this. backlink generator

Was this helpful?
Rating:
Christina Beck 11 days

Great info! I recently came across your blog and have been reading along. I thought I would leave my first comment. I don’t know what to say except that I have. Pawna Lake Camping

Was this helpful?
Rating:
Christina Beck 11 days

This is exciting, nevertheless it is vital for you to visit this specific url: новини

Was this helpful?
Rating:
Christina Beck 11 days

You re in point of fact a just right webmaster. The website loading speed is amazing. It kind of feels that you're doing any distinctive trick. Moreover, The contents are masterpiece. you have done a fantastic activity on this subject! 토토사이트

Was this helpful?
Rating:
Christina Beck 10 days

I wrote about a similar issue, I give you the link to my site. beach waves from wet hair

Was this helpful?
Rating:
Christina Beck 10 days

Cool you write, the information is very good and interesting, I'll give you a link to my site. Charter bus

Was this helpful?
Rating:

I will really appreciate the writer's choice for choosing this excellent article appropriate to my matter.Here is deep description about the article matter which helped me more. strucid codes

Was this helpful?
Rating:

It has fully emerged to crown Singapore's southern shores and undoubtedly placed her on the global map of residential landmarks. I still scored the more points than I ever have in a season for GS. I think you would be hard pressed to find somebody with the same consistency I have had over the years so I am happy with that. mystic messenger emails

Was this helpful?
Rating:

Anіmе stickers/car Dесаlѕ аrе a fun, easy, and соѕt-еffесtіvе wау tо рrоmоtе your buѕіnеѕѕ. Here are thе tор rеаѕоnѕ whу wе thіnk anime ѕtісkеrѕ аrе a great mаrkеtіng tооl, Find great deals on anime sticker shop for Anime Car Decal in Graphics Decals. Shop with confidence. anime peeking stickers

Was this helpful?
Rating:

I read this article. I think You put a lot of effort to create this article. I appreciate your work. knickers for sale

Was this helpful?
Rating:

I think this is an informative post and it is very useful and knowledgeable. therefore, I would like to thank you for the efforts you have made in writing this article. trioangle

Was this helpful?
Rating:

It is perfect time to make some plans for the future and it is time to be happy. I’ve read this post and if I could I desire to suggest you few interesting things or tips. Perhaps you could write next articles referring to this article. I want to read more things about it! cabin property management

Was this helpful?
Rating:

I use basically superior fabrics : you will discover these products by: Canvas Sports Art

Was this helpful?
Rating:

These things are very important, good think so - I think so too... free robux hack

Was this helpful?
Rating:

This is exciting, nevertheless it is vital for you to visit this specific url: live music photography

Was this helpful?
Rating:

Your texts on this subject are correct, see how I wrote this site is really very good. lyric music videos

Was this helpful?
Rating:

I exploit solely premium quality products -- you will observe these individuals on: mini golf for weddings

Was this helpful?
Rating:

This is very interesting content! I have thoroughly enjoyed reading your points and have come to the conclusion that you are right about many of them. You are great. pen blanks

Was this helpful?
Rating:

This content is simply exciting and creative. I have been deciding on a institutional move and this has helped me with one aspect. generic cialis 40 mg online with free shipping

Was this helpful?
Rating:

Interestingly you write, I will address you'll find exciting and interesting things on similar topics. Wedding Band Glasgow

Was this helpful?
Rating:

Gives you the best website address I know there alone you'll find how easy it is. jazz internet packages 2020

Was this helpful?
Rating:

For many people this is important, so check out my profile: Enneagram Singapore

Was this helpful?
Rating:

Hmm… I interpret blogs on a analogous issue, however i never visited your blog. I added it to populars also i’ll be your faithful primer. Enneagram Singapore

Was this helpful?
Rating:

These you will then see the most important thing, the application provides you a website a powerful important internet page: Enneagram Singapore

Was this helpful?
Rating:

So it is interesting and very good written and see what they think about other people. Enneagram Singapore

Was this helpful?
Rating:

I should say only that its awesome! The blog is informational and always produce amazing things. Enneagram Singapore

Was this helpful?
Rating:

This is very significant, and yet necessary towards just click this unique backlink: Enneagram Singapore

Was this helpful?
Rating:

The most interesting text on this interesting topic that can be found on the net ... Enneagram Singapore

Was this helpful?
Rating:

it's really nice and meanful. it's really cool blog. Linking is very useful thing.you have really helped lots of people who visit blog and provide them usefull information. Enneagram Singapore

Was this helpful?
Rating:

It is rather very good, nevertheless glance at the data with this handle. Enneagram Singapore

Was this helpful?
Rating:

This is very interesting content! I have thoroughly enjoyed reading your points and have come to the conclusion that you are right about many of them. You are great. Selami Cokaj

Was this helpful?
Rating:

This is helpful, nonetheless it can be crucial so that you can check out the following website: Soccer collectibles

Was this helpful?
Rating:

Beaver says I also have such interest, you can read my profile here: voyance gratuite telephone

Was this helpful?
Rating:

Hi there, I discovered your blog per Google bit searching for such kinda educational advise moreover your inform beholds very remarkable for me. commodity free tips

Was this helpful?
Rating:

It is very good, but look at the information at this address. çanta imalatı

Was this helpful?
Rating:

I also wrote an article on a similar subject will find it at write what you think. how to get instagram followers

Was this helpful?
Rating:

At this point you'll find out what is important, it all gives a url to the appealing page: SMM Panel Paypal

Was this helpful?
Rating:

Hi there, I discovered your blog per Google bit searching for such kinda educational advise moreover your inform beholds very remarkable for me. kopar condo price

Was this helpful?
Rating:

Acknowledges for paper such a beneficial composition, I stumbled beside your blog besides decipher a limited announce. I want your technique of inscription... cura aids

Was this helpful?
Rating:

For many people this is important, so check out my profile: 토토사이트

Was this helpful?
Rating:

I should say only that its awesome! The blog is informational and always produce amazing things. 안전놀이터

Was this helpful?
Rating:

It is rather very good, nevertheless glance at the data with this handle. 안전놀이터

Was this helpful?
Rating:

In this case you will begin it is important, it again produces a web site a strong significant internet site: one Holland village residences

Was this helpful?
Rating:

The most interesting text on this interesting topic that can be found on the net ... the landmark condo

Was this helpful?
Rating:

I simply want to tell you that I am new to weblog and definitely liked this blog site. Very likely I’m going to bookmark your blog . You absolutely have wonderful stories. Cheers for sharing with us your blog. kopar at newton condo

Was this helpful?
Rating:

It is rather very good, nevertheless glance at the data with this handle. the m showflat

Was this helpful?
Rating:

Very good topic, similar texts are I do not know if they are as good as your work out. peak residence condo

Was this helpful?
Rating:

This is very useful, although it will be important to help simply click that web page link: forett at bukit timah condo

Was this helpful?
Rating:

Nice information, valuable and excellent design, as share good stuff with good ideas and concepts, lots of great information and inspiration, both of which I need, thanks to offer such a helpful information here. linq at beauty world price

Was this helpful?
Rating:

At this point you'll find out what is important, it all gives a url to the appealing page: pu sandwich panel production line

Was this helpful?
Rating:
Christina Beck about 23 hours

Very interesting information, worth recommending. However, I recommend this: instagram çekiliş sitesi

Was this helpful?
Rating:
Christina Beck about 23 hours

Mmm.. estimable to be here in your report or notify, whatever, I repute I should moreover process strong for my have website want I play some salubrious further updated busy in your location. sohbet odaları

Was this helpful?
Rating:
Christina Beck about 15 hours

You should mainly superior together with well-performing material, which means that see it: хотели в гърция

Was this helpful?
Rating:
Christina Beck about 15 hours

These things are very important, good think so - I think so too... миротворец

Was this helpful?
Rating:


To enter the discussion you must be signed in

Sign in


Related consulting companiesmore...