Process financial transactions andextract interim reportsU31

Process of reviewing and analyzing a company's financial statements

• Analysis of financial statements

• Application of rules

• Auditing purposes

• Authorization

Enforcing guidelines or principles

• Analysis of financial statements

• Application of rules

• Auditing purposes

• Authorization

Inspection and checking goals

• Analysis of financial statements

• Application of rules

• Auditing purposes

• Authorization

Approval or permission

• Analysis of financial statements

• Application of rules

• Auditing purposes

• Authorization

Removing any debt, that is declared non collectable, from their balance sheets

• Bad debt written off

• Balance sheet

• Batch items

• Capital addition

A financial report that lists assets,

liabilities and Capital of a company over a period of time

• Bad debt written off

• Balance sheet

• Batch items

• Capital addition

Processing multiple similar transactions

in large groups

• Bad debt written off

• Balance sheet

• Batch items

• Capital addition

The cost for adding new assets or improving existing assets.

• Bad debt written off

• Balance sheet

• Batch items

• Capital addition

A financial report that analyzes the inflows and outflows in a company.

• Cash Flow Statement

• Content of industry codes of practices

• Conventions

• Correct allocation

The set of rules and guidelines set by the accounting industry and to be followed by all accountant.

• Cash Flow Statement

• Content of industry codes of practices

• Conventions

• Correct allocation