Accounting Versus Bookkeeping

Bookkeeping involves the recording of economic activities. It is a mechanical process that does not demand much creativity. Bookkeeping is part of accounting, but accounting of data. Accountants classify and summarize the data. They interpret the data and report them to management. They also suggest strategies for improving the financial condition and progress of the firm. Accountants are especially valuable for income tax preparation and analysis. So accounting involves the gathering and recording of transactions and the periodic preparation of financial statements that summarize those transactions.

And now about What Bookkeepers do?

If you were a bookkeeper, the first task you would perform is to divide all of the firm's paperwork into meaningful categories. Those categories would probably include the following:

Sales documents (sales slips, cash register receipts, and invoices).

Purchasing documents.

Shipping documents.

Payroll records.

Bank documents(checks, deposit, slips).

Business trip expenses.

Entertainment records.

So you would have several piles of papers. You don't want the piles to get too unmanageable, that is why you must begin to record the data from the original transaction documents (the sales slips and so on) into record books. (Thus the term bookkeeping). These books are called journals. They are the books where accounting data are first entered.

Ex. 1. Give English equivalents to the following:

Подведение итогов; финансовые операции; запись; страхование; налоги; записи, выполняемые от руки; покупка; давать возможность; случаться; баланс; краткий финансовый отчет; отчет о прибылях; запись в платежной ведомости; главная книга; информация; отчет; налог на прибыль; сделка; счет-фактура; квитанция о регистрации; кипы документов; книга записи учет бухгалтерских операций.

Ex. 2. Give Russian equivalents to the following:

Accounting; recording; summarizing; transaction; to provide management; insurance; paying taxes; recorded by hand; repetitive and complex; large amounts of data; manual system; sales transactions; accounting system; one purpose of accounting; to report financial information to smb; sales documents; summary financial statements; income statement; balance sheet; input; processing, output, outside reports; accounting versus bookkeeping; goes far beyond the recording of recording of data; meaningful categories; purchasing documents; payroll records, business trip expenses; entertainment records; piles of papers; original transaction documents;

Дата добавления: 2015-11-14