unit 19

calculating all the expenses involved in producing something, including materials, labour, and all other expenses

calculating how much an individual or a company will have to pay to the local and national governments (and trying to reduce this to a minimum)

inspecting and reporting on accounts and financial records

preparing financial statements showing income and expenditure, assets and liabilities

providing information that will allow a business to make decisions, plan future operations and develop business strategies

using all available accounting procedures and tricks to disguise the true financial position of a company

writing down the details of transactions (debits and credits)

a statement giving details of money coming into and leaving the business, divided into day-to-day operations, investing and financing

a statement showing the difference between the revenues and expenses of a period

a statement showing the value of a business's assets, its liabilities, and its capital or shareholders' equity (money the business has that belongs to its owners)