We provide Accounting Study Notes For students and teachers in order to achieve success in exam. The study of creative accounting is very important.We are all clear that the objective of accounting is to reach information that provides interested users with knowledge about the company’s economic and financial situation, and about their performance in the market in which it operates.In the end, we present studies that lead to mitigate this phenomenon, hoping that more people will study the topic that is so important and little explored.
The Accountant is essential in companies of any size or industry. It is this professional who does the planning, coordination and control of the company’s cash inflows and outflows, enabling an accurate view of the assets. He is responsible for calculating taxes and other taxes and checks the accounting records and other legal requirements. The Accounting study offers visions of the company, the public bodies with which it interacts, commercial, tax, labor and civil legislation. The Accountant’s field of action is quite broad, involving areas such as: Audit, Controllership, Expertise, Management Accounting. With the knowledge and interpretation of the information, the Accountant assesses the assets and analyzes the economic and financial results, contributing to business decision making.
Accrued expenses – English. Accrued Expense , accounting expenses that are recognized before they are actually paid. Usually these are current liabilities. Also, these expenses are usually recurring and are documented in the balance sheet of …
Interest-free bond – Eng. Zero-Coupon Bond or Accrual Bond , a debt security for which interest is not paid, and its sale occurs at a discount (below the face value). Profit on the expiration of the …
Read more.What are interest-free bonds and how do they work?
Accrual accounting is the basis according to which “the effect of transactions and other events is recognized when they occur (and not when cash or cash equivalents are received or …
The Accounting Principles represent the essence of the doctrines and theories related to Accounting Science, according to the prevailing understanding in the scientific and professional universes.The principles are applicable to …
The accounting cycle has five phases, namely: fundraising, recognition, accumulation process, summarization and disclosure . Capture – collection of data on acts and facts that affect the entity’s assets, as stated by Szuster …
Accelerated depreciation is any method of depreciation used for accounting or income tax purposes that allows greater deductions in previous years of an asset’s life. While the straight-line depreciation method distributes …
Read more.Accelerated depreciation: accounting and tax example.
Absorption costing (also called “full costing”) is the method derived from the application of the Fundamental Accounting Principles. This method was derived from the system developed in Germany in the early …