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Accounting
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Accounting pertains to the recording and reporting of financial transactions, including the origination of the transaction, its recognition, processing, and summarization in the FINANCIAL STATEMENTS of a company. Preparing balqnce sheets, profit $ loss acccount, costing, tax calculations, profit determination, payroll are some of the most important functions that are covered under Accounting. Accounting functions are normally headed by qualified professionals such as Chartered Acountants who have the necessary education and experience for managing company's financial transactions. They hold a very responsible position within the firm ensuring proper record keeping from the legal and shareholder point of view.
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Accountancy or accounting is the measurement, disclosure or provision of assurance about financial information that helps managers, investors, tax authorities and other decision makers make resource.
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an accident. 4 ACCOUNTING REFERENCE DATE The date toincorporated, it will usually have an accounting reference date which is the last dayincorporation falls. Directors can change the accounting reference date by filing an appropriate
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