What are the basic functions of accounting and what are the basic functions of accounting

Basic functions of accounting.

1) Accounting function (with currency as the main unit of measurement, through 5 links, 3 tasks on the economic activities of a specific subject, so as to provide information).

1. Characteristics of accounting.

1) Take money as the main unit of measurement: pay attention to the word "main", which means that in addition to the monetary unit of measurement, the physical quantity and labor quantity can also be used as the auxiliary unit of measurement.

2) Complete, continuous, and systematic:

Completeness: All accounting objects are accounted for.

Continuity: Accounting is continuous and cannot be interrupted.

Systematic: The accounting data provided can become an organic whole.

Accounting function.

5: Five links confirm, measure, record, calculate, report.

3: Three tasks of accounting, accounting, and accounting.

7: Seven Methods Set up accounting subjects and accounts, double-entry bookkeeping, fill in and review accounting vouchers, register account books, cost calculation, property inventory, and prepare accounting statements.

2) Accounting supervision.

Meaning: Accounting supervision function: to supervise the legality and rationality of the economic activities of a specific subject.

Accounting supervision is to promote economic activities in accordance with regulations through specific methods such as decision-making, control, analysis, and evaluation.

Required to run in order to achieve the intended purpose.

Features: Carried out through value indicators.

Supervise the whole process of the economic activities of the enterprise, including before, during and after the supervision.

The basis is legality and reasonableness.

The connection and difference between the two: accounting is the basis of supervision; Supervision is the quality assurance of accounting.

The function of accounting is the function of accounting, what can accounting do? The first is the basic function, and the second is the extension function.

The basic function of an accountant is to account for and supervise economic activities.

The accounting function of accounting refers to the confirmation, measurement, recording and reporting of the economic activities of a specific entity with currency as the main unit of measurement. Accounting runs through the whole process of economic activities and is the most basic function of accounting.

The content mainly includes: payment of money and valuable**; the sending, receiving, adding, decreasing, and using of property; the occurrence and settlement of claims and debts; the increase or decrease of capital and **; calculation of income, expenses, expenses, costs; calculation and processing of financial results; Other matters that require accounting procedures and accounting.

Functional Impact:

Accounting environment refers to the accounting is closely related to the emergence and development of accounting, and determines the accounting thinking, accounting theory, accounting organization, accounting legal system, accounting methods, as well as the objective historical conditions and special circumstances of the level of accounting work, the impact of the accounting environment on bookkeeping and accounting is direct, in terms of the function or function of accounting and daily function, it is accompanied by changes in environmental elements such as economy, science and technology, culture, and economic system and corresponding changes in its connotation and extension.

To a certain extent, the accounting environment limits the functional role of accounting, limits people's understanding of the functional role of bookkeeping and accounting, and then also limits people's evaluation of it and its actual status in economic work in a certain historical period.

The basic function of accounting is not static, and its development and change depend not only on the changes in the environment in which accounting is located, but also on the level of people's ideological understanding. Only on the basis of careful analysis and study of the accounting environment can people make a correct evaluation of the function of bookkeeping or accounting in a historical period, and then can they make a scientific conclusion on the definition of accounting in this historical period.

It is precisely for this reason that when studying the accounting function and revealing the essence of accounting, we should not just regard "accounting" as a professional term, but should examine it as a whole, that is, it should be regarded as an aggregate of integrated relations formed by the coordination between accounting work under the organization of a certain accounting department and under the control of a certain accounting legal system at a specific historical development stage, as well as the coordination between this work and accounting ideas, accounting theories, accounting skills, and accounting methods at a certain historical development stage.

1. The basic functions of accounting.

a) Accounting. 1 The accounting function is also known as the reflection function. It is the function of providing accounting information for all relevant parties by taking currency as the main unit of measurement and reflecting the various economic activities that have occurred or completed by the accounting entity from the quantitative aspect through confirmation, measurement, recording, reporting, disclosure and other links.

Accounting is the most basic function of accounting.

2 Accounting oversight function is also known as the control function of pure slippery.

It means that accounting has the function of detecting, adjusting, feeding and guiding the economic activities of the accounting subject by using the economic information provided by accounting in accordance with certain purposes and requirements, so as to achieve the best goal.

2. Relationship between basic functions.

Accounting supervision and accounting are closely linked, and the process of accounting for economic activities is also the process of exercising accounting supervision. The two accounting functions of accounting and accounting supervision are complementary and dialectically unified. Accounting is the basis of accounting supervision, without the various information provided by accounting, the supervision of the sharp pants will lose its basis; Accounting supervision is also the guarantee of the quality of accounting, only accounting, without supervision, it is difficult to ensure the authenticity and reliability of the information provided by accounting.

Basic functions of accounting.

1) Accounting function.

Also known as accounting reflection function, it refers to the fact that accounting uses currency as the main unit of measurement to recognize, measure and report the economic activities of a specific entity.

2) Supervisory functions.

Also known as accounting control function, it refers to the supervision and inspection of the authenticity, legitimacy and rationality of the economic activities of specific entities and related accounting.

3) The relationship between accounting and accounting supervision.

The two are mutually reinforcing:

Accounting is the basis of accounting supervision, without the information provided by accounting, supervision has no basis;

Accounting supervision is the quality guarantee of accounting, only accounting, without supervision, it is difficult to ensure the authenticity and reliability of the information provided by accounting.

Requirements for accounting information

1.Reliability.

Reliability requires that enterprises should confirm, measure and report on the basis of actual transactions or events, truthfully reflect the accounting elements and other relevant information that meet the requirements of recognition and measurement, and ensure that the accounting information is true, reliable and complete.

2.Correlation.

Relevance requires that the accounting information provided by the enterprise should be relevant to the economic decision-making needs of the users of the financial accounting report, and help the users of the financial accounting report to evaluate the past and present situation of the enterprise and make a decision on the future situation.

3.Comprehensibility.

Comprehensibility requires that the accounting information provided by the enterprise should be clear and concise, so that users of financial accounting reports can understand and use it.

4.Comparability.

Comparability requires that the accounting information provided by enterprises should be comparable with each other, so as to ensure that the same enterprise is comparable in different periods and different enterprises in the same accounting period.

5.Substance over form.

Substance over form requires that enterprises should carry out accounting recognition, measurement and reporting in accordance with the economic substance of the transaction or event, and should not be based solely on the legal form of the transaction or event.

6.Importance.

Materiality requires that the accounting information provided by the enterprise should reflect all important transactions or events related to the financial position, operating results and cash flow of the enterprise.

The application of materiality depends on professional judgment, judging from both the nature (quality) and the size (quantity) of the project.

7.Caution.

Prudence requires enterprises to exercise due caution in the accounting recognition, measurement and reporting of transactions or events, and not to overestimate assets or earnings, and not to underestimate liabilities or expenses.

8.Timeliness – the timeliness of information.

Timeliness requires that enterprises should confirm, measure and report transactions or events that have occurred in a timely manner, and shall not advance or postpone them.

The basic functions of accounting include: accounting and the implementation of accounting supervision.

Accounting and accounting supervision complement each other and are dialectically unified. Accounting is the basis of accounting supervision, and without the various information provided by accounting, supervision will lose its basis; Accounting supervision is also the guarantee of the quality of accounting, and it is difficult to ensure the quality of information provided by accounting without supervision.

The nature of accounting.

The emergence and development of accounting is related not only to the development of productive forces, but also to the transformation of production relations. Accounting, as a kind of management activity that people engage in to manage the process of reproduction, is needed by all different societies, and it has things that are common to all classes.

Accounting is involved in the management of the economic process, which is actually a management activity carried out through the reflection and control of productive forces. In this respect, accounting is naturally technical.

With the development of science and the progress of technology, a large number of mathematical methods are used in accounting, electronic computers are widely used, and the technicality of accounting is also constantly enhanced. However, production is always carried out under specific relations of production, and accounting always reflects the nature of the relations of production and the requirements of the relations of production by reflecting the process of controlling economic activities.

The above content refers to Encyclopedia - Accounting.