Accounting is the exercise in providing information about
the economic affairs of an entity, so that stakeholders can
make useful decisions about the allocation of scarce
resources.
The accounting function comprises a sub-set of
professional services, which can be broken down into
the following compartments:
Bookkeeping:
- Maintenance of nominal ledgers to trial balance;
- Maintenance of purchase ledger;
- Maintenance of sales ledger;
- Maintenance of cash books;
- Maintenance of fixed asset register;
- Monthly payroll and preparation of Employer's
Annual Returns;
- Completion and submission of Business Activity
(GST) statements.
Preparation of management information
- Monthly Cash Projections;
- Monthly report showing actual figures to date;
- Quarterly Projected v Budget income and expense
comparisons (if Budget figures are available).
Final Accounts and Year-End Reporting
- Preparation of final trial balance and associated
accounts information;
- Liaising with Company's or Superannuation Fund's
Auditors;
- Preparation of the draft Financial Statements;
- Preparation of the statutory reports accompanying
the Financial Statements.
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Richard A Bobb can assist your organisation in respect of
its accounting requirements, from basic bookkeeping to
the maintenance and presentation of a full set of accounts.
The history of accounting
For those interested in the history of accounting we direct
you to the attached link so as to better appreciate some of
the most significant events in history and how these
events are associated with the profession of accounting.
Whilst there are events that pre-date the promulgation
of the "Domesday Book", it is felt that the starting point
of 1086 is reasonably sufficient for any history aficionados.
The history of double entry book-keeping
It might be difficult to accept that book-keeing has Italian
roots, since modern Italy is nowadays,more or less and
usually, associated with:
- high society fashion and design;
- consumption of fine food and wine; and
- the home of expensive sports cars;
More specifically, double entry book-keeping isa Florentine
invention. The centre of the Italian and European renaissance.
Learn more about double entry book-keeping by clicking on
to the attached link:
