Instituto Comercial de Maputo

class: 1CV1N

work theme: accounting

Student name Code Number

António Changule Júnior 10024063 8

João Júlio Manecas 10024067 24

Rosa Alex Chinguvo 10024408 32

Souza Andrade Cossa 10024071 33

 Index

1……………………………………………………………..Introduction

2……………………………………………..……………….Concept

2.1………………………………...…….Use of accounting in companies

3……………………………………………………..Types of accounting

4…………………………...… Importance of accounting in a company

Introduction

In this present work we will talk about accounting. About its concept, its
usefulness and importance for companies. We will also see the types of
accounting, how many there are and their concepts. we hope that the
subject addressed in this work will be very productive and satisfactory for
the one that is its objective.
Concept

Accounting is the science that studies, interprets and records the phenomena that
affect the assets of an entity or rether ,accounting is the science that designates the
totality of numerical records carried out in order to determine and order, in a complete
way, all movements, in value and quantities, carried out within the scope of activity of
a company or similar entity.

The object of study of Accounting is the patrimony of the entities, that is, the
patrimony of legal entities (companies) and individuals (natural persons). Heritage is
not a stable condition: it is in constant movement and requires techniques for its
determination.The object of study of Accounting is the patrimony of the entities, that
is, the patrimony of legal entities (companies) and individuals (natural persons).
Heritage is not a stable condition: it is in constant movement and requires techniques
for its determination.

Use of accounting in companies

What is the use of accounting in a company? This is the question we will answer
here...

Accounting for companies will present to managers all the values of their costs,
expenses, income, profits, assets and liabilities. As it encompasses so many important
numbers for the proper functioning of an organization, it is essential to assist in steps
that contribute to its ascension.
accounting has a recording function, it records all operations and movements carried
out in companies.

Some thinkers in accounting science indicate that the main objective of accounting
is to provide structured information through quality accounting reports that allow the
user to make managerial decisions and According to the accounting doctrine “the
purpose of accounting is to record, control and demonstrate the facts that affect the
equity, aiming to provide information on its composition and variations, as well as on
the economic result resulting from the management of the patrimonial wealth.
Types of accounting

The types of accounting are vast, so in the following work we list the main types of
accounting and their concepts

By its nature

Public accounting: It is what applies in public administration.

Private accounting: Its application occurs in private companies.

''In any case, both public and private accountings have important links in
common.''

By economic activity
Industrial Accounting: It meets the accounting needs of manufacturing
companies and industrial field. For example, a company that manufactures cars.

Service accounting: This modality is common for companies in the service sector
that offer intangible goods in the market, meeting certain consumer needs. For
example, a marketing agency.

Commercial accounting: It focuses on the day to day of the company, with its
cash inflows and outflows and the analysis of the commercial activities of buying and
selling in which it may be immersed. For example, a company that is dedicated to
importing products from abroad and distributing them.

Agricultural accounting: It specializes in the entire agricultural sector. It would be

the case of a company that grows tomatoes.

Oil Accounting: Because they are such special companies, they deal specifically
with the products they work with. An oil extraction company is the best example.
Although it can also be the one who is dedicated to refining it.

Bank accounting: The balance sheet of a bank or financial institution is not easy
to interpret. One of the causes is that, given its complexity, it has a special treatment.
By the field in which it is applied
Tax accounting: It is the branch of accounting focused on tax obligations and the
economic management of the payment of the corresponding taxes by the company.
For example, it handles the payment of corporate taxes or VAT returns.

Management accounting: The accounting typology most focused on providing

company data for administrators and decision-makers. It is also called administrative
accounting, although the latter is broader. Management accounting is focused on
management teams.

Cost accounting: It is also called cost or analytical accounting and is responsible

for creating an information system that allows knowing and analysing the costs of the
activity.

Financial Accounting: It records and analyses everything that has to do with

income, expenses, financial assets and liabilities. For example, loans, equity, interest
paid, default, etc.

Importance of accounting in a company

Before educating the client, it is necessary to be very clear about the role of
accounting services for the business - especially those that your office offers. On a
day-to-day basis, accounting demonstrates its importance in the first steps of the
enterprise. After all, it is with the support of an accountant that the entrepreneur will
be able to open and regularize the company in the appropriate and most efficient way.

In addition, accounting is responsible for recording all relevant financial and

accounting transactions. Once captured, the data is structured and used to form reports,
balance sheets and tax returns, for example. Therefore, accounting is not just an
operational activity of the business. It also has a strategic role, as it helps in decision-
making and in the fulfillment of a company's fiscal and tax obligations.
 Conclusion

As we have seen in the present work, accounting has a great importance for the
patrimony, because the same help in the taking of decisions, it guarantees the control
and the success of the companies. Assets, rights and obligations for companies, public
or private, and individuals and legal entities. Listing here 12 types of accounting with
the proper concepts already presented in this present work. And without forgetting to
point out, I want it to be noted that the economy is diverse and causes a large number
of variations in the concept of business. For this reason, there is room for a wider
range of accounting modalities than those described and specialized in each area.
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