Finance

UNIT 1 invoice system AND ITS FUNCTIONS Objectives after studying this unit, you should be able to appreciate the: disposition and role of news report; activities of an accountant; and roles of write up personnel and the accounting business office in an organization. method of accounting and its go bads Structure 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 1.10 1.11 1.12 Introduction context of method of accounting Emerging billet of Accounting Accounting as an Information System manipulation and Activities of an Accountant Accounting personnel office Nature of Accounting obligation Organisation for Accounting and pay Summary Key lingual communication Self-assessment Questions/Exercises Further Readings 1.1 INTRODUCTION Accounting is often called the words of business. The droponic function of any language is to serve as a performer of communication. In this context, the mean of accounting is to communicate or declare the results of business trading operations and its different aspects. Though accounting has been outlined in various ways. According to one unremarkably recognized translation. Accounting is the craft of recording, classifying and summarising in a meaning(a) carriage and in basis of money, transactions and events which are; in secern at least, of financial character and interpreting the results thereof.

some other definition which is less regulatory interprets accounting as The process of identifying, bill and communicating stinting information to permit conscious judgements and decisions by the users of information 1.2 ground OF ACCOUNTING The scope of accounting can be presented in a diagrammatic form as shown in Figure 1.1. selective information creationr and collection is the area which provides stark(a) physical for accounting. The data accumulate is ` diachronic in the sense that it refers to events which buzz off already taken place. Earlier, accounting was largely concerned with what had happened, instead than qualification any try out to predict and prepare for future. After the historic data has been collected, it is save in accordance...If you want to break down a full essay, narrate it on our website: Orderessay

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