BRAYAN SOLARTE BASTIDAS INGLES lV

. On introduction
. Objectives of Accounting
. a conslusion

Introduction.
Accounting is a form of organization and has been part of history since
ancient times when the first civilizations began their commercial and
agricultural activities. The need to keep track of what one has and what is
owed was gaining ground throughout the development of society, until
reaching what we know today.
Accounting is a discipline that deals especially with studying and making
measurements on the finances and assets available to individuals or
companies in order to know for sure the status of the accounts and so they
can better dispose of the money, plan investments , purchases, among other
operations and on the other hand, that they comply in a timely manner with
the taxes and regulations in force in the tax sense.
Through accounting, accountants, as professionals who are exclusively
dedicated to the performance of this activity are called, will be in charge of
registering, in documents intended for this purpose, all economic activities
carried out by a company or a company. person. In these, both the expenses
incurred and the income resulting from commercial activities will be
established.
Now, these accounting statements that allow us to know the accounting
from its activities will give us an account of the financial situation in which a
person or company is and will also be essential for making economic
decisions, that is, if I know that I have so much money and I have such a flow
of expenses, I will know how much I can spend on vacations, among other
issues.

Objectives of Accounting
• Establish in monetary terms, the amount of assets, debts and equity that
the company owns.
• Keep track of income and expenses
• Determine the profits or losses obtained at the end of the accounting cycle.
• Exercise control over the operations of the economic entity and base the
determination of prices, rates and tax charges.
• Offer at any time orderly and systematic information on the economic and
financial development of the company.
• Serve as a reliable source of information for third parties (clients, suppliers,
investors, banks and the State).
• Facilitate the planning, organization and management of businesses, not
only making known the effects of a commercial operation, but also
anticipating future situations.

CONCLUSION accounting for me is based on the need to have accurate,

timely and complete financial information, with documents and records that
demonstrate the processes carried out by an entity and the results obtained
that reflect its financial situation. Any organization that carries out a
permanent activity or occasional, for its operation it requires controlling the
operations it carries out, the changes that have occurred in its assets, its
obligations and its assets, so that the results of administrative and financial
management can be reported and interpreted.