Accounting Basics

Author: Chen Xingbin
Publisher:
Publish Date: 2006-01-01
Features: Accounting arises from the objective need for managing economic activities and develops along with the requirements of economic management. The more the economy develops, the more important accounting becomes. Accounting has two basic functions: accounting and supervision. The object of accounting refers to the content that accounting aims to record and supervise, while the task of accounting refers to the responsibilities and work that should be undertaken in recording and supervising the object of accounting. The basic premises of accounting, also known as accounting assumptions, are the most fundamental components of accounting theory. To carry out accounting work, it is also necessary to follow the general principles of accounting. In order to conduct complete, continuous, and systematic accounting and supervision of the economic activities that have occurred in various units, accounting has a series of specialized methods that constitute a complete method system.