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ACCOUNTING ASSIGNMENT HELP
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Accounting assignment help
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ACCOUNTING ASSIGNMENT HELP ONLINE
Definition and general role of accounting
By taking responsibility for drawing up the accounts, accounting is above all a strategic management. It is important to have this vision. Each year, accounting produces at the end of its fiscal year mandatory summary documents which are the elements of general accounting.
In addition, at any time it is able to establish provisional statements which explain the financial situation of the company. The partners (bankers, employees, investors, etc.) of the company are very attentive to this financial situation presented by the accounts. The first and fundamental role of accounting is therefore to be a financial information tool. This mandatory function has both financial and legal value.
In an accounting document called a journal, all the operations carried out by the company are entered. It is a legally obligatory accounting based on the notion of the annual accounting year.
The accounting year
The period during which a company records all the financial flows relating to it is called the accounting year. In other words, during this period, the accountant enters all the accounting entries related to the activities of the company. If the first accounting period has no minimum duration, it cannot however exceed 24 months.
At the end of an accounting year, the company is required to establish certain mandatory elements of general accounting. These are the mandatory financial statements: the balance sheet, the income statement and the appendix. The tax return is also established at the end of an accounting year. It is the company’s tax return that makes it possible to determine and justify the amount of tax payable by the company: it is submitted to the tax authorities.
The law does not impose a closing date for accounting years, it is therefore at the free choice of the company (with the exception of the liberal professions). However, it is customary for a financial year to last 12 months and extends over a calendar year.
The Accounting Entry
It is the fundamental subject of accounting. It is the information that registers each movement in the accounts. All flows of an economic, commercial or financial nature are written to a file. Each accounting entry has at least two lines, each of which is broken down into several columns. An accounting entry includes at least one debit and one credit, which must balance.
The required items are:
Date of the transactional nature of the transaction supporting document reference the accounts charged the amount of the transaction the meaning of the transaction (debit if use, or credit if resource)
Each accounting entry will indeed be justified by a supporting document without which this entry would be without foundation. The link between an accounting entry and the document that justifies it must be able to be made by the managers of the company, by the accountant, by the auditor and by the administration in the event of an audit.
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The most common mistakes in assignment writing.
The following are the most common mistakes made in writing objectives in an assignment, in addition to the inappropriate use of verbs. Confusion between a general objective and a specific objective; Give proposal as a specific objective an operation that is mandatory in the methodology or that is very evident (for example: specific objective “Review existing information on the subject.
Propose the specific objectives that are exaggerated, impossible or very difficult to achieve (for example: general objective “Eliminate waste of water in the city where the correct form would be: “Reduce waste of water in the city… “Here it can be seen that there is a big difference between eliminating and diminishing;
Write goals out of order. When there are many objectives, in general, some should be presented before the others and should be written that way; The writing of the title of the assignment as a general objective. It may be that the title is poorly crafted because it is too general; The title should resemble the specific objectives.
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