2,925
edits
Accounting: Difference between revisions
reorg intro section
(removing the cool quotes for Wikipedia compatibility) |
(reorg intro section) |
||
| Line 1: | Line 1: | ||
{{accounting}} | {{accounting}} | ||
The principles of accountancy are applied to business entities in three divisions of practical art, named | The principles of '''accountancy''' are applied to business entities in three divisions of practical art, named | ||
# '''accounting''' ( [[w:fi:laskentatoimi]] ) which is classically split to ( [[w:Financial accountancy|financial]] and [[w:Managerial accounting|managerial]] accounting ) | # '''accounting''' ( [[w:fi:laskentatoimi]] ) which is classically split to ( [[w:Financial accountancy|financial]] and [[w:Managerial accounting|managerial]] accounting ) | ||
#'''[[w:bookkeeping|bookkeeping]]''' ( [[w:fi:kirjanpito]] ) and | #'''[[w:bookkeeping|bookkeeping]]''' ( [[w:fi:kirjanpito]] ) and | ||
#'''[[w:auditing|auditing]]''' ( [[w:fi:auditointi]], mahd. [[w:fi:tilintarkastus]] ). ( Wikipedia ) | #'''[[w:auditing|auditing]]''' ( [[w:fi:auditointi]], mahd. [[w:fi:tilintarkastus]] ). ( Wikipedia ) | ||
'''[[w:Accounting|Accounting]]''' ( verb ) or '''accountancy''' ( noun ) is the process of communicating [[w:financial information|financial information]] about a [[w:business entity]] to users such as [[w:shareholders|shareholders]] and [[w:manager|manager]]s. The communication is generally in the form of financial statements that show in money terms the economic resources under the control of [[w:management|management]]; the art lies in selecting the information that is relevant to the user and is reliable. ( Wikipedia ) | |||
:::'''[[w:fi:Laskentatoimi]]''' on toimintaa, jonka tehtävänä on kuvata [[w:fi:rahaprosessi|rahaprosessi]]a, kerätä, rekisteröidä ja analysoida yrityksen tai muun organisaation toimintaa kuvaavia taloudellisia laskelmia. ( Finnish Wikipedia ) | |||
'''[[w:Bookkeeping|Bookkeeping]]''', in [[w:business|business]], is the recording of financial transactions, and is part of the process of accounting. | |||
::: Transactions include purchases, sales, receipts and payments by an individual or organization. ( Wikipedia ) | ::: Transactions include purchases, sales, receipts and payments by an individual or organization. ( Wikipedia ) | ||
An '''[[w:Audit|Audit]]''' is a planned and documented activity performed by qualified personnel to determine by investigation, examination, or evaluation of objective evidence, the adequacy and compliance with established procedures, or applicable documents, and the effectiveness of implementation. ( Wikipedia ) | |||
{{bookkeeping}} | {{bookkeeping}} | ||
== Accounting for a New Business 1 == | == Accounting for a New Business 1 == | ||