Accounting includes the payment-based collection of all success and collect transactions insights into the relationship of the accounting and finance. It is in turn based on temporal and factual background. The goal of accounting principle is planning to pursue control and evaluation of operational tasks. These principles of the accounting service is required. The accounting service include the following areas: cost accounting, the income statement, the budget bill (planning) and the statistics are integrated into one. A temporal and factual arrangement of the records of all transactions on the basis of documents which change the assets, of equity and debt capital and the year success (profit or loss) of the company, is to understand the documentation. The Rechenschaftslegungs – and information tasks are regulated by legal provisions. You have an annual reporting and information of the shareholders, the financial authorities and the Creditors on assets and debts – and successful location of the company (financial statements) to be completed.
The control task is always subject to the obligation to be a meaningful information and control system, that at any time a monitoring of the cost-effectiveness and the ability to pay (liquidity), operational process, allows the management. Also the basis for all further planning steps and decisions must be present through the disposition of the prepared figures, such as investment. Accounting collected height and changes in net assets and capital parts of the company as well as all kinds of expenses (value consumption) and income (increase in value) for a particular accounting period: year, quarter, month. So, it is a reckoning. It is divided into two categories. The so-called financial system, which is considered public information.
And the internal accounting, which is used as a pure internal information. Accounting is also Provides commercial training and offers a herforagende base to become active later in the financial sector. Finance includes information which are also communicated to parties outside the company: shareholders, creditors, customers, suppliers, regulatory authorities, financial experts and trade associations. This information is interesting also for the senior executives of the company. Refer to the financial status, (i.e. the possibility of Exchange in cash) liquidity and profitability (profit provision of capital employed) of a company. Internal accounting deals inter alia with the ratio of costs to income, profitability and productivity, planning and control, pricing and capital planning. In General, these data are not disclosed to third parties. In contrast to the appropriate asset inventories of finance, which should provide the necessary basic information the outside user, offers the internal Accounting a variety of special reports for departmental, departmental – or project managers and other executives. Finally, one finds that the accounting is an integral part of the financial sector and the one area without the other can not.