Accounting systems vary greatly from one company to another, depending on the nature of the business, operations it performs, size of the company, volume of data to handle, and the information demands that management and other stakeholders impose on the system.

Transaction analysis and journaling process

Accounting is expected to provide useful information for decision-making and control.

The Cooperatives. In cooperatives it must always aim to develop as a strong and efficient company, it is used by its partner to achieve and improve the economic situation

Importance of Cooperatives. The importance of cooperatives lies in the fact that through the application of a true cooperative system with all its established rules, rules, procedures and principles.

Training Anonymous Company or Company by shares. A public limited company is created under the establishment of a state-issued document.

The partnership contract. Although a society can be formed by verbal agreement, it is highly advisable to find a written partnership agreement

Single-owner companies. It's a corporate business that belongs to a person.

In economic terms, we say that someone derives “utility” from a good or service when the person prefers that this good or service exists to that it does not exist; or when comparing two services or states, he prefers one to another.

The fact that the settings are recorded in the worksheet settings columns does not imply that such entries affect the ledger accounts.

The worksheet, in addition to recording adjustment journals, is also used as a source of information for closing journals, which are used to cancel balances for revenue and expenditure accounts.

Revenue and expense accounts are canceled and closed at the end of each accounting period, transferring their balances to a summary bridge account titled "Gain and Loss," where balances are summarized.

The company makes an expense when it obtains a real consideration from abroad, that is, when it receives any of these goods or services.

The company, in its quest to enrich itself and maximize its heritage, will place some of its resources in goods and rights that it does not employ in its productive process, but in which it invests in order to control or exercise some dominance over other companies or to obtain rents.

Within traditional cost accounting, all manufacturing costs are included in the cost of a product for inventory cost purposes, as are all non-manufacturing costs.

The concept of total costs is important in the analysis of production and prices in the short term.

Total Variable Cost: Variable cost is that it results from adding variable inputs and that it results in increases in production

Total Cost: The total costs of the company at various production levels, equal to the sum of the total fixed costs plus the total variable costs corresponding to those productions

Total Fixed Cost: Total fixed costs are what the company incurs regardless of the volume of production in a determined period.

Production, distribution or sale, administration, variable, semivariable, fixed, discretionary fixed costs, fixed costs committed.

Management decisions involve a selection between optional courses of action. Costs play a very important role in the decision-making process.

In the direct or variable costing method, variable manufacturing costs are assigned to manufactured products

A chart of accounts is a list that contains all the accounts that are required to record the posting facts

Absorbing costing is the most widely used costing system for external purposes and even for decision-making, it tries to include within the cost of the product all the costs of the productive function, regardless of its fixed or variable behavior.

For a long time, the statement of variation of surplus or retained earnings had been a summary in which the accountants carried all extraordinary gains and losses, as well as corrections to previous year's earnings either for errors in accounting estimates, changes in the application of principles or errors of another class.

The status of changes in equity (or state of surplus)

The structure from one exercise to another may not be changed, except for exceptional cases to be indicated in the report.

New headings may be added to those provided for in the normal and abbreviated models, provided that their content is not provided for in the existing ones.

Items to which no amount is applicable in the financial year or in the preceding year shall not appear.

The posting criteria from one fiscal year to another may not be changed, except for exceptional cases to be indicated in the report.

Each heading shall include, in addition to the figures for the year to be closed, those for the financial year immediately before, for this purpose, where some and the other are not comparable

A more detailed subdivision of the items that appear in the models, both normal and abbreviated, may be made.

Materials that are actually part of the finished product are known as raw materials or main materials.

To maintain a properly balanced stock investment, planning and control work is required.

P.E.P.S. First In First Out, U.E.P.S. Last In First Out P.P.P.P.: It is the least sensitive to price variations. If these are on the rise, the valuation is made at lower guarismos than those of the square.