This brief article provides a brief summary of some of the differences between financial accounting and Asesoria Madrid management accounting systems. But at the beginning will know very well what is accounting. What is accounting? Accounting can be understood as a method to collect, summarize, analyze and report in financial terms, the details of an organizational chart of the company. The accounting firm as it is understood today, includes, financial, accounting and management accounting. These two areas of the company system also have something in line there are differences. As part of the economic enterprises accounting system, both of these vary from each other altai.es people.
The first difference is within its structure or format of your presentation of knowledge. Financial accounting includes a unified structure of the presentation, i.e., the information associated with the commercial product of the company is presented more or less on the basis uniform. Finishing of the monetary accounting products are its three reports basic tax, which are:-the balance sheet. -The account of profit and loss / profit and loss. -Alterations in the budget statement. Total quantity sheet is undoubtedly the budget of the Organization at any time during his time. The Declaration of the Madrid consultants net income of losses and retained the financial performance of the Organization on the number of months which is usually 12 months. The input and output of monetary resources of the organization in a period of time is included in the statement of changes.
Tax prepared reports are based on a formula or model, which means that organizations submit their fiscal reports on the basis of a uniform structure. This could imply that financial accounting includes a unified structure. First, tax reports are often destined to people outside the Organization, for example, the shareholders, the creditors, the Government, throughout the world, and like the others. These people will also receive these reports with their business organizations, and also to maintain uniformity in these statements, financial accounting system uses a system of unified structure.