ENGLISH GUIDE

Accountants work for both the public and private sectors and are those professionals responsible for the financial status and accounting books of the individual or company that has requested their services, in this sense, their mission is to ensure that their clients comply with the applicable legislation and with the established procedures, in addition to guaranteeing that there is a record of the income and expenses of their accounts.

• Develop financial operations based on accounting principles.

• Collect, classify and document the economic information in an orderly fashion.

• Show accuracy and transparency in accounting transactions.

• Supervise or manage financial movements in a timely manner.

• Register the data obtained respectively in accounting books.

• Develop a budget plan based on prior analysis that adheres to the reality of the client or business organization.

• Keep a well-ordered control and management of all accounting books, filing their corresponding auxiliaries.

• Have a control system in the budget and avoid unnecessary expenses.

Trial balance

It is a test to see if the debits and credits match after performing an input setting.

Financial statements

Financial statements are used to measure performance, make improvements, and set goals

Closing the books

When you close your books, you need to set up your accounting for the next period.

Transaction

When we talk about a transaction, we are talking about a different type of operation that is carried out between two or more parties and that involves the exchange of goods or services in exchange for the corresponding capital

Accounting is a discipline that is responsible for studying, measuring and analyzing the assets and financial economic situation of a company or organization, in order to facilitate decision-making and presenting the information in a systematic and useful way for the different interested parties.

Yes, since it is a discipline that studies the accounts of the company and that gives information on what its economic situation is. Accounting is a fundamental pillar in the administration of a company.

Public Accounting

firms typically employ Certified Public
Accountants (CPAs).

Tax Accounting

firms use accounting skills and legal policies to uncover fraudulent and illegal activities.

Forensic accounting

firms focus on tax preparation and planning for companies of all sizes, and also for individuals.

Bookkeeping

firms complete fundamental accounting tasks for small and medium-sized companies.

The accounting cycle is the process of recording
your business’s financial activities. The accounting cycle looks back in time at the end of a designated period. The cycle includes several steps, starting when a transaction occurs. The cycle ends when you record the transaction as part of your financial statements.

The accounting cycle makes accounting easier, breaking your bookkeeping down into smaller tasks. It helps you see what you need to accomplish next.