Understanding and Definition of Accounting Internship

Understanding and Definition of Accounting

Accounting is a process record, classify, summarize, process and present data, transactions, and finance-related events that can be used by people who use it easily understandable for a decision-making and other purposes.

Accounting accounting derived from foreign words meaning when translated into Indonesian is count or account. Accounting is used in almost all business activities around the world to make a decision that is referred to as the language of business.

     Accounting functions

The main function of accounting is the financial information of an organization. From the accounting statements we can see a performance of financial position and their organization changes that occur in it. Accounting is a qualitative measure of the money unit. Financial information is needed especially by the manager / management to help make the decision of an organization.

     Basis of Accounting Reports

Basically the accounting process will make the output income statement, statement of changes in equity, and the balance sheet of a company or other organization. In an accounting report must include the company name, report name, and date of preparation or time period for the report easier for people to understand. Reports can be periodic and there are also a limited period only.