Accountants may occur when some mistakes during their accounting steps, these errors either to be discovered during the financial period at the stage of registration or deportation or when preparing the trial balance or to be discovered in the coming financial periods, and will explain in this lesson the lesson beyond the types of accounting errors and ways of addressing them and corrected.
The types of accounting errors:
Can Be rating accounting errors that occur in the company of several ratings as follows:
first, the types of accounting errors by nature: the
mistakes of omission or deletion:
the errors that occur when it omits the accountant from express financial operation in the daily journal or recording of one of the parties to the restriction without the other party, or may occur as a result of the deportation of the parties to the restriction or one of the parties to the general ledger or to the Ledgers assistance.
errors committed due to an error in the registration or in the deportation, these errors can be either deliberate with the aim of manipulation and embezzlement or another reason the registration process for the debtor, the debtor of the receivable or deport the amounts contained in the daily journal to another account is not linked to the financial process, or that the mistake in the recording of amounts due to an error in the collection process or putting or otherwise.
These errors may occur due to the application of generally accepted accounting principles at check restrictions and the preparation of financial reports.
errors that commensurate with each and compensate each other.
Secondly the types of errors in terms of their impact on the balance:
errors affect the balance of review:
If there are errors that would make the debtor-side evenly with the secured creditor in the balance of the audit, which may occur as a result of an error in the registration journal entries or as a result of the deportation of a party without the other party or when الترصيد. .
The mistakes don't affect the balance of the audit
, the errors, which if occurred would remain in the side of the debtor the creditor side of the balance of the audit evenly.
Thirdly types of accounting errors in the period discovered:
mistakes occurred during the current financial period and was discovered during the same period:
in this case, the process of correction be easy and will have no impact on the financial statements at the end of the period.
Mistakes occurred in previous periods had been discovered in the current financial period:
these errors, called the mistakes of previous years which error impact has extended from the period in which the error occurred in the current period, on ways to address them will be addressed in the next lesson.
Fourth, the types of errors of where they take place:
errors that occur at the stage of registration in the daily Journal:
These errors may occur when not recording full financial process or one of the parties, or to be one of the ends of the restriction is not linked to the financial process get
errors occur when والترصيد deportation stage in the ledger:
These errors may occur as a result of the deportation process Alma