Accounting



Accounting is a branch of the Public Accountancy that is responsible for quantifying, measuring and analyzing the economic reality, the operations of organizations , in order to facilitate management and control by presenting the information , previously recorded, in a systematic and orderly manner For different stakeholders. Within the accounting records transactions, internal changes or any other event that economically affects an entity are recorded.


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The purpose of accounting is to provide information on a given results obtained time during a period of time , which is useful to its users, decision-making, both for the control of management last, as estimates The future results, endowing such decisions with rationality and efficiency .
Accounting is currently regulated by two agencies to prevent fraud. These are General Accepted Accounting Publication, by its acronym GASP, in the United States and the Financial Accounting Standard Boarding, by its acronym FAB, this is at international level.
It is a discipline that follows the method to generate and then apply certain theory and also processes , which are:
Accounting theory: Set consisting of rules , rules , principles, techniques, procedures, criteria and instruments that are the basis of accounting.
Accounting process: A set of steps that are part of the development for the fulfillment of the goals that an entity has, which are: systematization , valuation , processing , evaluation and finally the result in information .
The term accounting comes from the union of the terms with (meaning globally ), put are (which means to calculate or evaluate), bile (which can) and the suffix give (quality).

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