In a company, big or small, and any business establishment, there are always people who work behind the money recording and distributing. They are concerned about the following:
1. The Financial record-keeping of all transactions involving monetary inflows or outflows.
2. Preparing financial statements the income statement, balance sheet, and cash flow statement for reporting to external parties such as shareholders. The financial statements are the starting point for calculating any tax due to the business profits.
3. Payroll administration, paying wages, and salaries, and maintaining appropriate income tax and national insurance records.
4. Preparing management accounting information and analysis to help managers plan, control, and make decisions.
1. The Financial record-keeping of all transactions involving monetary inflows or outflows.
2. Preparing financial statements the income statement, balance sheet, and cash flow statement for reporting to external parties such as shareholders. The financial statements are the starting point for calculating any tax due to the business profits.
3. Payroll administration, paying wages, and salaries, and maintaining appropriate income tax and national insurance records.
4. Preparing management accounting information and analysis to help managers plan, control, and make decisions.
