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A true monitoring tool, audit documents all the procedures connected to the activity of a firm over a provided duration. It therefore makes it feasible to keep track of and analyze all the components of the life of the company and to assess its monetary wellness. It is therefore essential to maintain all of these accounting papers up to date.

GENERAL BOOKKEEPING IN BRIEF

General accounting consists of videotaping the procedures accomplished by the company (for example acquisition, sale of items, payment of financial institutions, fundings, and so on) in accounting books, registers as well as/ or computer media, on the basis of papers connecting to the tasks commercial. Purpose: to know the properties as well as the outcomes of the firm.

General journal records all the inputs and also results of a business. The main components treated by general bookkeeping: profession receivables, trade payables, employees expenses, monetary debts as well as tax charges.

Compulsory for all firms, the purpose of basic accountancy is to inform parties outside the business of its economic state. It provides through 3 major records (income declaration, annual report, appendix), the business's situation at the end of an accounting year, normally equal to one year.

Equipped with all this info, the supervisor of a company is able to:

understand rapidly, at any time, the financial or accounting circumstance of his company,

regularly figure out the result of his business: loss of profit,

establish a medical diagnosis. On the basis of the information gathered, the business supervisor will certainly be able to contrast his performance with that said of similar firms, determine the staminas and weak points of his organization, determine to increase, modify the variety used, adjust its opening hrs, ...

NOT AN BOOKKEEPING, BUT SEVERAL VARIATIONS

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There are several sorts of audit, depending on the preferred goals.

Cost accounting or management accounting

Unlike general accountancy, it is elective for companies yet strongly recommended. Its major objective: to analyze all the prices related to the activity of the firm and also to determine the numerous points of success. Intended mostly for business supervisors to allow them to make the right decisions, it is an accounting system based on the evaluation of fees and also expenses, it aims to analyze and determine expenses as well as the logical results of products and services that the business offers.

It informs the supervisors and employees of a firm in the different administration, planning, company, and control choices.

National accounts

An vital tool for comprehending the nation's economic situation, the purpose of nationwide accounts is to map the financial activity of a nation during a particular period, generally equal to one year. Just like a company, national accounts enable a state to recognize its circumstance at a provided minute and to sustain future decisions. It is to name a few things on the basis of the accounts issued and also released by each business that the nationwide accounts are modified. The main sign published by the nationwide accounts is the GDP, sum of the added values of each firm.

Public bookkeeping

Public accountancy is a set of macroeconomic treatments that figure out the income and expenditure of the state and also public areas.

KEEPING ACCOUNTS: AN OBLIGATION FOR ALL COMPANIES?

All commercial and industrial ventures are called for to keep accounts. According to write-up L123-12 et seq. Of the French Commercial Code, " any kind of natural or legal individual having the status of the trader need to sign up the movements affecting the assets of his firm. These activities are tape-recorded chronologically ".

Nevertheless, a few of them might benefit from decreases, and even exemptions: the situation specifically of business dropping under the micro-BIC and micro-BNC regimes.

THE DIFFERENT STARS IN AUDIT

Hence, almost all firms, whatever their dimension and market of activity, can refrain from doing without accountants! This technique unites a variety of occupations: accounting assistant, accounting secretary, accounting professional, hired accounting professional, management as well as financial director, auditor, and so on. The accountancy industry provides lots of possibilities in regards to job development as well as work, even if it is not successful, particularly among youngsters.

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