Wednesday, 26 April 2017

Types of Accounting Information.-



In all the organizations, lucrative and non-profit, the best quantitative information system with which counts is " accounting ", which constitutes a true superstructure.

In the definition issued by the Accounting Principles Commission of the Mexican Institute of Public Accountants, in its bulletin A-1, it is emphasized that the goal of accounting is to facilitate decision making by its different users. If it does not meet that goal, accounting loses its raison d'ĂȘtre.

Due to the above, it can be determined that accounting serves a group of users in the different areas of the organization such as Investors, Financiers, Social Security Entities, Government Control Organizations, Company Personnel, Clients, Advisers, Values, etc., since there are several types of Accounting , the most important being Financial Accounting, Administrative Accounting and Tax Accounting.

Types of Accounting .-

Financial Accounting : Information system aimed at providing information to third parties related to the company, such as shareholders, credit institutions, investors, etc. In order to facilitate their decisions.
Fiscal Accounting : Information system aimed at complying with the tax obligations of organizations.
Administrative Accounting : Information system serving the needs of the administration, aimed at facilitating planning, control and decision-making functions. It is the branch that with appropriate technology allows the company to achieve a leadership in costs or a clear differentiation that distinguishes it from other companies or organizations.

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