Accounts: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Link with Bookkeeping page.) |
imported>Doug Williamson (Add link.) |
||
| Line 21: | Line 21: | ||
* [[Accounting]] | * [[Accounting]] | ||
* [[Bookkeeping]] | * [[Bookkeeping]] | ||
* [[Financial reporting]] | |||
* [[Financial statements]] | * [[Financial statements]] | ||
* [[Management accounting]] | * [[Management accounting]] | ||
Revision as of 23:09, 18 July 2020
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.
