ACCOUNTING AND FINANCE

Accounting and finance

Task 01

Purpose and role of accounting and finance

Accounting is the science of economics that studies the business assets, the rules and the scientific basis on which registration was based financial information company. The study in accounting is done statically, observing the wealth and status at any given time, and dynamically, recording the changes that occur over time. The accounts provide information to the company (Emenyonu, 1996, pp. 12-40). In the business world the need for information is becoming increasingly necessary because of the continuous changes that are caused by technical development and strong competition among companies.

Accounting is a technique used to carry out planning and control of monetary resources, obligations and duties expressed in terms of money. And for that, there are specialized people called accountants. Within this framework there is the Mexican Banking System, which, governed by laws, is the group of people and organizations that manages the functions of other individuals and businesses. In it there are government agencies that regulate these actions. There are also other private bodies outside government, as are the onsite credit, insurance and aphorisms, to name a few. (Cheffers, 2005, pp. 20-51)

In particular, the importance of accounting is to be applied to all the imbalances and maintain adequate financial transactions that a reasonable condition for you, time can be a problem. So, whether large or small in an appropriate way to record never lose value, and is always recommended that the company expected to increase even more, people grow, as well as a record of the organization serious position.

The importance of accounting for business outsourcing Helping Hand

In this era of money-oriented society, more and more inclined to become entrepreneurs in general, not as a company owned by the other, people are working hard to study the needs and the importance of accounting. If you want someone to enter a new business, the importance of accounting is not taken into account. Finance and accounting are two very useful terms and conditions, either during the day before the daily activities or your account to work longer will be the construction and operation of long-term strategy. Accounting software is always an option, because it may mean to help you find, with good bookkeeping and accounting since the beginning of their business with low installation costs. (Cheffers, 2005, pp. 20-51)

For business and accounting format as running a business. Account of a company's accounts in the accounting records of information on their profits and losses of cash, a spreadsheet format for more details in place. Audited financial statements to determine the accuracy and integrity of different accounts for your company from the success rate in the past the progress of the business use of your account is now recognized by other companies and organization. (Fowler, 1997, pp. 140-157)

The importance of accounting may be the fact that the principle of double entry bookkeeping, after mandatory for all companies to avoid future incidents, it is obvious if you look at the crisis ...