What is need of accounting purpose?Īccounting is the process of identifying, measuring and communicating economic information to permit informed judgment and decision by users of the information.
Use these Standard Operating Procedure (SOPs) templates to plan, structure, write, and maintain your procedure documents. Standard Operating Procedures (SOPs) help government organizations, emergency response operation, and clinical research organization achieve maximum safety and operational efficiency. What is government standard operating procedures? The three common financial statements generated are the income statement, balance sheet and statement of owner equity.
Financial statements for a business are normally produced at the end of each month and are always produced at the end of each fiscal year. Another basic accounting procedure is generating financial statements.
