Accounting Padlet- NZDB504E-19EX-M01-SX by TANZ eCampus https://padlet.com/itsupport4/6utbzqsp4hsk en-us 2019-01-13 20:33:24 UTC 2019-02-05 06:37:54 UTC hello@padlet.com Rachael - Accounting rach_chris https://padlet.com/itsupport4/6utbzqsp4hsk/wish/324620622 Effective book keeping and accounting allows a business to operate and salaries to be paid.  Accounting departments provide reports of income and expenses, all logged and recorded.  They also make sure the firm is running financially sound and prepare financial statements for income tax.
https://bizfluent.com/info-8345380-business-functions.html]]> 2019-01-26 23:21:51 UTC https://padlet.com/itsupport4/6utbzqsp4hsk/wish/324620622 Helen https://padlet.com/itsupport4/6utbzqsp4hsk/wish/324627391 Accounting is the process of recording and summarising financial information in a useful way. It also refers to the process of analysing and reporting transactions to oversight agencies, regulators and tax collection agencies. Accountants use Generally Accepted Accounting Principles (GAAPs) to create financial statements. The financial statements are a concise summary of hundreds of thousands of financial transactions that a company may have entered into over this period.

Book-keeping (financial accounting) is the process of recording and summarising financial information (e.g. sales, purchases, and expenses) and presenting them in financial statements which show the overall health of the business. 

Management accounting provides information to a business for analysis, decision making, planning and control. In management accounting, an accountant generates monthly or quarterly reports that a business's management team can use to make decisions about how the business operates.
 
Cost accounting helps businesses make decisions about costing. Essentially, cost accounting considers all costs related to producing a product. This information is used to determine what the product should cost. 
 
Businesses use accounting to keep their financial information organised which helps them in making sense of their financial data and also keeps them compliant of financial regulations.
]]> 2019-01-27 01:52:41 UTC https://padlet.com/itsupport4/6utbzqsp4hsk/wish/324627391 Rozalia https://padlet.com/itsupport4/6utbzqsp4hsk/wish/324779394 Accounting:
Accounting records the financial statement about the company's financial positions which can indicate the company how their business operates and performance over the accounting time.                                                                                                        This can happen along with storing, sorting, retrieving, summarising, and presenting the results in various reports and analysis.
https://www.accountingcoach.com/blog/what-is-accounting
 
 ]]> 2019-01-28 04:23:45 UTC https://padlet.com/itsupport4/6utbzqsp4hsk/wish/324779394 Sean https://padlet.com/itsupport4/6utbzqsp4hsk/wish/325255605 Accounting's purpose relating to the business functions includes, ongoing record keeping, operational expenses, salaries, donations, etc. Basically any financial information relating to the business. This information should be collected regularly and reviewed, as this allows for a better understanding of the business' progress and performance



Robin Fritz. (2019). The Accounting Functions in an Organization.
Retrieved from https://smallbusiness.chron.com/accounting-functions-organization-22781.html]]> 2019-01-29 06:46:34 UTC https://padlet.com/itsupport4/6utbzqsp4hsk/wish/325255605 Jason https://padlet.com/itsupport4/6utbzqsp4hsk/wish/325696958 The main purpose of accounting is to keep an ongoing function that keeps records for things such as: expenses, salaries, cashflow and expenditures among other financial information in relation to that business. Accounting is core to any business as it manages how the company is running financially.
https://smallbusiness.chron.com/accounting-functions-organization-22781.html
 ]]> 2019-01-30 03:53:45 UTC https://padlet.com/itsupport4/6utbzqsp4hsk/wish/325696958 Kylie Hape kylie_hape https://padlet.com/itsupport4/6utbzqsp4hsk/wish/326167638 Accounting is the ongoing practice of financial record keeping.  This information is used to make decisions about how to manage the business.  Accounting dictates the money owed to suppliers, what customers owe you, operating costs, payroll costs and available cash.  Simply put without money the company can’t operate.  

 https://www.accountingtools.com/articles/what-is-the-purpose-of-accounting.html

https://yourbusiness.azcentral.com/key-roles-functions-financial-accounting-within-organization-12681.html

]]> 2019-01-31 08:34:56 UTC https://padlet.com/itsupport4/6utbzqsp4hsk/wish/326167638 Bridget https://padlet.com/itsupport4/6utbzqsp4hsk/wish/327632310 Business accounting is the systematic recording, analysing, interpreting and presenting of financial information. Accounting may be done by one person in a small business, or by different teams in large organisations.
Accounting is the way a business keeps track of its operations. Accountants analyse the business finances so the owner can make better decisions. This information is organised into reports that show the financial health of a business.
https://www.xero.com/nz/resources/accounting-glossary/s/what-is-business-accounting/

]]> 2019-02-05 06:37:23 UTC https://padlet.com/itsupport4/6utbzqsp4hsk/wish/327632310