Accounting designates the documentation of the operational procedures for external purposes, particularly for commercial balance sheet and tax balance, in addition, for the internal cost calculation.

The account system makes the data available, which are needed for accounting.

Contents and range of accounting are legally regulated and depend on the respective legal form of the enterprise. A goal of accounting is it to supply information for the investment decision. In addition accounting is to make control for the bank line possible by the financial sources.

The legal bases are to be found in the commercial code. Apart from these regulations specific accounting regulations exist for individual legals form, e.g. Corporations, and determined industries, like banks and insurance.

Accounting regulations for credit institutes

Special balance regulations apply to banks: "§"§340-340o HGB as well as RechKredV (from "§330 HGB), which contain regulations for end-of-year procedure arrangement and contents concerning balance, GuV and appendix. "§"§ 26-29 contains beyond that regulations to the period for the list the end-of-year procedure.

Articles in category "Accounting"

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