Accounting is the system in which the information about a business is recorded. It is the theory and system which sets up, maintains and audits the books of any firm, it is the way to analyze the financial status and operating results of by business firm on the basis of studying its purchases, sales and overhead. It involves the principles and processes which systematically records and presents and interprets the financial account of any organization.
The freedictionary.com has defined accounting as, “The bookkeeping methods involved in making a financial record of business transactions and in the preparation of statements concerning the assets, liabilities and operating results of a business.”
“The skills or practice of maintaining and auditing accounts and preparing reports on the assets, liabilities etc. of a business.” Locus assignments UK offers assignment writing services with affordable prices. Accounting Assignment Help provides the writing and practical assignment services. We have a team of chartered accountants and company secretaries who writes your challenges to help in completion of certificate and diploma with high grades. Accounting in simple words, is the process of measuring, processing and communicating the financial information of any economic entity. Accounting is also known as the language of business. Sometimes, financial reporting is replaced with the accounting.
HND Accounting Assignment Help includes many fields in which accounting can be grouped:
- Financial accounting: It reports the financial information of an organization to the external users of that information, including the suppliers, regulators and investors.
- Management accounting: It is the study of measuring, analyzing , and reporting the information which is helpful for the managers to make decisions so that the organizational goals can be fulfilled.
- Auditing: Audit of the financial statement focuses on expressing the opinion on financial statements.
- Tax accounting: It focuses on preparing, analyzing, and presenting the tax payment and tax returns.
In short, accounting is all about:
- Recording the transactions
- Keeping the financial records
- Performing internal audits
- Reporting and analyzing the financial information to the organizational management
- It provides the information about the financial situation of any organization. It identifies, records, classifies, verifies, summarizes, communicates, interprets etc. the financial information.
Units which we covered in your assignment
- Aspects of Contract and Negligence for Business
- Business Decision Making
- Business Strategy
- Research Project
- Personal and Professional Development
- Quality Management in Business
- Operations Management for Business
- Project Management for Business