Accounting

Process
The aggregation of accounting
procedures for the collection,
preparation and reporting of economic
effects of business units per
accounting year.
Inputs in the accounting process are
transactions, events, and various
economic data; financial statements,
various management reports and
statements, as the output of the
accounting process.
Activities in accounting work are
carried out under the guidance of an
accountant with the help of a group of
people. The functions of the
accounting process are also identified
as functions of accounting.
We can classify the accounting
process, the financial accounting
process and the management
accounting process.

Financial Accounting
Process
The whole process of communicating day-to-day transactions and events in a
business-based organization and communicating to those who are attracted through
financial statements to make specific decisions ultimately to make a specific clue a
specific timeout is the financial accounting process.
The functions of the financial accounting process are identified as accounting
functions and are generally in line with the accepted principles of accounting and
accounting.
Transactions
and events
01
Financial Evidence
statements documents
06 02
Financial
Accountin
g Process
Trail Primary
Balance books
05 03
 Ledger
04

Source Financial
Identification of Source Ledger
The Transaction Documents Documents Statements

Cash Cash Cash Receipt Asset Income

Receive Receipts Journal Accounts Statement

Cash Payment Cash Payments Equity The Statement

Payments Journal
Voucher Accounts Of
Financial Position
Credit Sales Sales Liabilities
Sales Invoice Journal Accounts Cash Flow
Statement
Credit Purchase Purchases Income
Purchase Invoice Journal Accounts Statements of
Changes in
Return Credit Returns Inward Equity
Inward Notes Journal
Expense
Accounts
Return Debit Returns Outward
Notes
Notes
Outward Journal
Temporary
Accounts
Other General General
Transactions Journal Journal