Introduction to Financial Accounting

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If a person or group of persons and the establishment of the project, the main objective of this project will be the establishment of profit, and even being sure of achieving this goal is the appointment of an accountant or financial manager is able to provide users of financial information related to the project and to take the appropriate decisions.

The concept of accounting and
accounting can be defined as the process by which the identification and registration and delivery of financial information to users to take appropriate decisions, when a financial operation and defined then we recorded in the books according to the accounting principles and to obtain useful financial information to be delivered to decision makers in the company or facility.

Input and Output Operations
to identify and analyze the financial operations of the registration of financial operations, compilation and synthesis accounting of useful financial information delivery project owners and decision makers through the preparation of financial reports and lists
The objectives of the
financial accounting express any happened to the property directly as soon as they occur and documents that prove the validity of the registration.
Clarification as a result of the work of the established profit or loss during a MANSLAUGHTER.
A statement of the financial status of the company, owned by established inventory of assets (assets) and obligations for a certain period of time.
The provision of financial information and reports to the departments with a view to planning and control, and to take appropriate decisions.
financial lists Lists are an essential source of financial and accounting information useful for decision-making, the financial lists prepared: the

income list:
through this list, users can find out the result of the work of the established profit or loss through an interview income during the period of the specific financial expenses.
The list of financial position (Balance Sheet):
Through this list users can know the situation of the company's financial assets of وماتمتلكه (assets) and obligations at a particular moment.
The list of property rights:
through this list, users can find out the changes in the rights of the owners of the specific financial period.
The list of cash flow:
through this list users can know the cash receipts (involved) and cash (emerging) to and from the facility.
The complementary explanations:
these clarifications will be combined with the financial lists to give detailed information on the items of the financial statements and accounting policy followed in the preparation of the financial statements.
Users of accounting information:
Users of beneficiaries is divided into two sections: Accounting information

users from within the established
project owners

staff auditors
users from outside the established

banks and lenders and investors and
government bodies and the
External Auditor
accounting assumptions
accounting assumptions is information and ideas cannot be verified, but must be agreed upon to understand the information the financial lists, and more acceptable accounting assumptions:

imposing alwehda ifrs
according to this hypothesis, the independent committee established to be independent of the owners, and the separation of its operations and cash from operations and funds of their owners.
The imposition of the monetary unit of measurement
according to this hypothesis, the monetary unit is considered a means of measuring and demonstrating all accounting operations, for example, the
imposition of the oiz. Continuity
according to this hypothesis, it is assumed in the treaty, which established that it will continue in the exercise of its activity and its work for several years unless changes in the events that led to the liquidation.
Kpmg's accounting period,
according to this hypothesis, it is divided into the life of the installation and activities to equal periods of time, to be measured as a result of the activity of each period to an end, rather than wait until its liquidation, and the period is often called the year financial year.
The accounting principles
and the general framework used in the recording of accounting transactions, adopted the assumptions on ifrs, and one of the most important principles: the

principle of historical cost accounting
according to this principle is the adoption of the original cost price in the recording of assets and liabilities, however, there had been a change in market value in the future.
The principle of the recognition of revenue
revenue is acquired in the same two prerequisites: the
delivery of the goods sold or provide the service to others.
The existence of a true swap between treaty and non.
The principle of revenue opposite the expenses
according to this principle, it is the determination of net income of the property gain or loss in an interview 3,960,200 expenses during the financial period, there are two facilities in the using the revenue and expenses, cash and accrual basis, using cash basis check income received and expenses paid, whether they belong to the current financial period or for other financial periods, according to the basis of the merit of the 3,960,200 are registered for the current financial period, whether or not the arrested arrests as well as the registration of the expenses for the current period whether paid or not paid.
The principle of caution (reservation),
according to this principle, it is expected losses into account before they occur, and ignore the expected profits to be achieved.
The principle of disclosure
according to this principle, it is the ACCOUNTANT and the disclosure of all financial information private property during the financial period, and to provide the necessary clarifications and observations, and mute any financial information lead to mislead users of the financial statements.
The principle of consistency:
According to this principle, the established accounting principles and methods to be applied consistently to all the financial periods, to be compared with the activities of the established from time to time correctly, if it decided to change the way or established accounting principle approach must be disclosed in the financial statements.
Branches of accounting,
financial accounting,
based on the analysis of the registration and delivery of financial information for decision makers for a certain period of time.
Cost accounting and
financial information relating to the cost of production or product and reporting for management, planning and control, and to take appropriate decisions.
Management Accounting
provides the information and reports to the administrative bodies to assist them in making decisions and compare actual performance with what was planned.
The governmental accounting and
financial information relating to the Government of the revenues and expenses and discretionary budgets and control of state funds.
Tax accounting and
financial information relating to corporate income tax on individuals or on goods and services.
The audit
this section audits and audit accounting records, books, and the verification of the use of accounting principles and in the preparation of the financial statements.

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