Accounts: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Layout & add link.) |
imported>Doug Williamson (Link with Bookkeeping page.) |
||
| Line 20: | Line 20: | ||
* [[Account]] | * [[Account]] | ||
* [[Accounting]] | * [[Accounting]] | ||
* [[Bookkeeping]] | |||
* [[Financial statements]] | * [[Financial statements]] | ||
* [[Management accounting]] | * [[Management accounting]] | ||
Revision as of 20:22, 3 July 2017
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.
