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Financial accounting
Financial accounting is a Art. of the management accounting process. All company relevant processes capable of being expressed in numbers are recorded by category and date here, allocated to accounts and documented using bookkeeping methods. At the end of an Accounting period (month, quarter, year) the accounts are closed and a balance sheet is produced together with a profit and loss statement showing the company’s earnings. Management or cost accounting on the other hand, serves only for internal accounting purposes.
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Swiss Authors' Rights
Cooperative for Audiovisual Works
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Current: Financial accounting
Financial accounting
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Financial accounting is a Art. of the management accounting process. All company relevant processes capable of being expressed in numbers are recorded by category and date here, allocated to accounts and documented using bookkeeping methods. At the end of an Accounting period (month, quarter, year) the accounts are closed and a balance sheet is produced together with a profit and loss statement showing the company’s earnings. Management or cost accounting on the other hand, serves only for internal accounting purposes.
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