Accounting Information To The Financial Statements
To be able to perform financial statement analysis, actually, the most easily accessible entrance is QuickBooks Enterprise Support through mastery of accounting information. The financial statements are prepared on the process and accounting procedures, while the analysis of financial statements is to break into information units smaller than the process of preparing the financial statements. Therefore, in the process of financial statement analysis, we examine the process of preparing the financial statements.
To master the system of the financial statements, QuickBooks Android Apps its important note understanding also known as the accounting cycle. Accounting or there is also a mention of accounting is the language of business that can provide information on business conditions and results of operations at a time or a certain period. This language is formed through the financial statements resulting from the accounting system.
Sage 50 support can explain for themselves what it accounting terms from different angles. Accounting that provides informal quantitative (Score), it provides information for use in decision-making (Decision), it only records the impact of monetary (money), accounting is information regarding Value (N), it only records the transaction (T) that involve the companies, accounting also for the analyzed material (A), he was neutral (N) does not show partiality to the users la arts (S) because it requires different considerations and to specialized expertise, and he is an information system (I).
One important task after the end of the year is to analyze the company’s financial statements. This analysis is based on financial statements that have been prepared. The purpose financial statements are as follows:
screening
The analysis was performed in order to determine the circumstances of the company’s financial statements without going directly to the field.
Understanding
Understand, financial condition and results of operations.
forecasting
The analysis is used to predict the accounts conditions company in the future.
diagnosis
The analysis is intended to look at the possibility of there problems which occur in management, open financial or other problems within the company.
Evaluation
The analysis was conducted to assess the performance of management in managing the company.
In addition to the above-mentioned objectives, financial statement analysis can also be used to assess the fairness of the financial statements. By analyzing the financial statements, then the information is read from the financial statements will become wider and deeper. The relationship of the post with the other post will be an indicator of the company’s financial position and achievements as well as evidence of the truth of the financial statements.
FINANCIAL STATEMENTS Principles are general rules derived from financial reporting purposes, Principles of accounting and accounting concepts. The series is the basis for the development of engineering or accounting principles. Here understanding the principles and techniques rather ambiguous. In the daily habits, accounting technique called principles or accounting standards. For example in the Indonesian Accounting Principles (PAD formerly used the term principle and has now been renamed as the Financial Accounting Standards.
In APB Statement 4 described some of the principles or the nature and the basic elements of accounting (financial). These principles underlie every nature and characteristics of financial statements and other accounting output. They are as follows.
Accounting Entity (entities)
Which became the focus of attention of accounting is “entity” particular or specific institutions that will be reported, not the other institutions.
Going Concern (continuity of operations)
In preparing the financial statements should be considered that the company (entity) reported continuing to operate in the future. If the company be unable to continue his efforts to be disclosed by the accountant.
