ACCOUNTING FOR DUMMIES

, it gathers information regarding business enterprise transactions, and collates and summarizes them to crank out reviews for a company entity.Managerial accounting analyzes the data collected from economic accounting. It refers to the entire process of making ready reviews about enterprise operations. The studies serve to help the management team

This kind of accounting concentrates on the preparing of tax returns and tax payments. The intention is making sure that the company pays the correct volume of taxes; does not overpay or underpay.It information only These transactions and occasions that are of economic character: If a transaction has no money character then it will not be measured