Accounting girls

  1. Scope of accounting in complex operating environments Financial accounting is a subset of business accounting. Financial accounting's scope is to reflect all forms of assets, asset formation sources, economic and financial activities, and legal economic connections that arise throughout an organisation. However, it simply represents the aims in generic form for the purpose of preparing financial accounts. When structuring accounting work in businesses, it must be based on the features of production and business operations, as well as the needs of management, in order to clearly identify the particular scope of financial accounting and to clearly delineate between financial accounting . - Financial Accounting (FA) This means the collection, processing, examination, analysis and provision of economic and financial information by means of financial statements to the subjects who need to use the information of an accounting unit. The task of financial accounting is to monitor, obs...

Accounting branches measure, process, and convey financial and non-financial information that influences the economic interests and affiliations of a firm. Accounting branches are used by the majority of firms and enterprises to measure the outcomes of their economic activities. Accounting branches employ a variety of techniques to assemble and present results to investors, creditors, management, regulators, and tax collectors.  Accounting evolved to extend its branches and acquire specialities in a specific sector of finance as global companies expanded and tax rules and regulations expanded.  Technological advancements and the exchange of foreign currencies result in the growth of accounting specializations that focus on a specific economic interest. 1. Financial accounting Financial accounting includes tracking and interpreting a company's transactions, as well as preparing and presenting financial statements. Financial accounting adheres to GAAP standards and focuses on hi...

  1. What is an Accounting System? A collection of accounting processes with integrated procedures and controls is referred to as an accounting system. An accounting system's purpose is to record company transactions, aggregate those transactions, and provide reports that decision-makers may use to monitor, evaluate, and improve operations. 2. What is the role of technology in the modern day? To satisfy market circumstances and customer demands, accountants must keep current with technology developments. Technological innovation has led the way in how accounting is done nowadays. Online resources and tools help with productivity and organizing. Furthermore, handwritten accounting firms are rapidly becoming obsolete, with electronic accounting forms taking their place. This not only eliminates mistakes but also allows for better and more accurate reporting, among other benefits. 2.1 Connecting to customers Technology has brought accounting professionals and customers closer. Dedicat...

Authors: Thu Trang & Hoang Anh 1. What is Accounting Ethics? Accounting ethics refers to adhering to certain regulations and norms established by regulatory authorities that every individual involved in accounting should follow in order to avoid misusing financial data or their managerial position. 2. Professional ethics principles of integrity This principle requires all professional accountants to be candid and honest in all their professional relationships. Integrity also requires being fair and trustworthy 3. Principles of professional ethics on objectivity The principle of objectivity requires all professional accountants not to let bias, conflict of interest, or the undue influence of others govern their professional or business judgments its business. 4.  Ethical principles of confidentiality Professional accountants and auditors must not: Disclose information obtained from professional and business relationships outside the accounting, auditing, or business firm or orga...