What is an accounting guide?

business organizations usually create an accounting guide that specifies all accounting principles, instructions, procedures and standards for the company accounts. The accounting guide includes classification of accounts, an outline of the accounting rules to be followed, and the rules specific to the organization. Depending on the type of business entity, the accounting guide differs from the company to the company, but generally serves the same purpose in each company, even using similar outlines. This purpose is to ensure accuracy and consistency in accounting methods used by each individual within the tasks and procedures related to accounting. The manual usually includes several different sections that cover all aspects of the accounting functions.

Usually the accounting guide begins by outlining the purpose of the document, explaining the scope of the documentation and expressing the obligations required by those who read the manual. This will be usual is a list of exceptions from the rules found in the manual, except for the explanation of the role and responsibilityManagement to ensure compliance with the manual. These sections most often serve as an introduction to the manual.

The organization of accounting and financial departments is usually covered after providing employees and suppliers a clear understanding of various roles included in the company's structure. Each department's responsibility is outlined and listed in this section. In the following several sections, they usually explain the procedures, methods and policy in connection with the report.

focus on the central aspects of accounting usually monitors sections in the area of ​​accounting and reporting proceedings. Including the planning process associated with liability, required communication and authorized bodies, several next sections are dealing with the framework of accounting policy and procedure within the organization. Other covered topics will often include systems used in the accounting process, internal checks, audit procedures, security, documentsTaci, cost accounting and transactions.

rounding of the accounting guide, the last few sections will usually cover a diverse range of accounting procedures. Often there are procedures for administrative accounting, cash accounting, accounting of assets and stocks, income accounting and purchasing accounting. Final sections will usually include resource management specifications, accounting resources, accounting infrastructure and expected work environment. In addition, many accounting manuals will also have a section dedicated to human resources that describe in detail the requirements for human capital and expectations for performing various roles in the accounting function. The coverage of the aspect of human resources is considered vital to many organizations to ensure that the accounting function is properly employed by qualified individuals.

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