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Accounting and Management of Agro-Food Companies - Coggle Diagram

- - - - The registration and valuation standards are a set of rules that must be applied in the accounting record of the operations carried out by the company, in such a way that said record is standardized and therefore the accounting information of one company is comparable with that of another.
- - - - The variation in stocks must be calculated on the last day of the accounting year of a company, that is, the day of closing of the year, at the time the accounting entry is made. Normally the end of the financial year coincides with the calendar year, so it will be December 31.
- - - - Personnel expenses. The cost of personnel includes wages and salaries, social security by the company, accommodation, meals and other social expenses, training, etc. It is a system that, due to its characteristics, requires very high levels of confidentiality, which implies the intervention of few people.
    - - Periodification adjustments. Accounting operation by which income and expenses are adjusted to the financial year that really corresponds to them, applying the accrual principle, regardless of when they have been collected or paid.
- - - - Capital subsidies are those granted for the establishment of a fixed structure in the company. Capital subsidies are those granted for the establishment of a fixed structure in the company, and are not repayable
- - - - The application of the result is an operation that all companies carry out at the end of each fiscal year and its purpose is to settle the result of the year in accordance with the legislation and the approval of the partners.