Accounts: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson m (Corrected tax computation) |
imported>Charles Cresswell No edit summary |
||
| Line 1: | Line 1: | ||
1. | 1. The externally reported financial statements of an organisation. These include summaries, in conventional and prescribed formats, of the organisation's assets, liabilities, income, expenditure and cash flows. | ||
The externally reported financial statements of an organisation. These include summaries, in conventional and prescribed formats, of the organisation's assets, liabilities, income, expenditure and cash flows. | |||
2. | 2. The internal financial summaries used by an organisation. Also known as management accounts. | ||
The internal financial summaries used by an organisation. Also known as management accounts. | |||
3. | 3. The fully detailed internal financial records of an organisation, from which summary financial statements or management accounts may be prepared. | ||
The fully detailed internal financial records of an organisation, from which summary financial statements or management accounts may be prepared. | |||
== See also == | == See also == | ||
| Line 16: | Line 13: | ||
* [[Statutory accounts]] | * [[Statutory accounts]] | ||
* [[Tax computation]] | * [[Tax computation]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
Revision as of 17:23, 18 June 2013
1. The externally reported financial statements of an organisation. These include summaries, in conventional and prescribed formats, of the organisation's assets, liabilities, income, expenditure and cash flows.
2. The internal financial summaries used by an organisation. Also known as management accounts.
3. The fully detailed internal financial records of an organisation, from which summary financial statements or management accounts may be prepared.
