N the basis of accounting is the presence of financial operations of the facility, listing fees are burdensome not only established the goods or sold and the payment of salaries and other all called financial operations carried out by the treaty upon the exercise of the activity.
The types of financial operations
divided into financial operations of the facility, which is recorded in the books to the following sections:
they include the processes that occur as a result of the established practice activity which is the aim of carrying out this activity is to achieve profit, such as the purchase and sale of goods, the expenses paid salaries and wages, electricity and other.
they include the processes that occur as a result of the established purchase of fixed assets, which is the aim of the purchase is to assist in the conduct of their business and not the objective of the acquisition is to sell and make profit, such as the purchase of land and buildings and production lines and the purchase of office furniture, computers and other, as well as include the processes that occur as a result of the phasing and the disposal of these assets after the end of a LIFESPAN.
they include the processes that occur to fund established for cash and in-kind assets so that the established practice their activities, and this funding, either you get it from internal sources of the owners of the business, which is capital, or get it from external sources from others in the form of loans.
The accounting cycle
with financial process once they occur on a group of stages and steps to be processed during a certain period of time, and access to appropriate financial information for decision makers, these are called the stages and steps of the accounting cycle, as follows:
1 the preparation of the document and analyze financial operation
when a financial operation it is the preparation of a document that proves the correctness of the financial operation, to analyze the accountant Financial process and party debtor and creditor.
2 express restrictions in the daily journal
after the ACCOUNTANT analyzed the financial operation and the debtor and the creditor would then record the financial process in the daily journal in the form of accounting restrictions متسلسة and tidy by date.
3 Frame Relay restrictions from the address book to وترصيد daily ledger accounts
after the registration process in the daily Journal to be the transfer and deportation of debtor and creditor amounts from the Daily Journal to accounts that have been affected by the financial process in the ledger, so as to know the balance of each account at the end of the period.
4 The preparation of the balance of the audit (before adjustments inventory)
after the deportation of financial operations to وترصيد ledger accounts, then compile these accounts through the preparation of a so-called balance of audit, where has this balance of all assets of the debtor and creditor accounts which have been transferred from the ledger.
5 express restrictions relays وترصيدها settlement
after the preparation of the balance of the audit, the ACCOUNTANT review the resultant improvement