Accounting

Accounting is the process of recording, classifying, and summarizing financial transactions to provide helpful information in business decisions. It involves analyzing financial data, preparing financial statements, and interpreting the results to help management and stakeholders understand the organization’s financial health. Accounting tracks revenue and expenses, manages budgets, monitors cash flow, and ensures compliance with tax and regulatory requirements. It is an essential function of any organization, providing valuable insights into the financial performance and position of the company. Overall, accounting plays a critical role in the success of any business.

Accounting Obligation in Germany

By James E Njoroge, M. Sc. (VWL) - Economic Coach, Consultant and Lecturer / November 6, 2021 / Financial Accounting, Economic Blog, Economic Consultancy

Accounting Obligation in Germany Read Post »

What is the accounting obligation in Germany for all merchants? This article presents a general description and interpretation of Sections 238 and 239 of the German Commercial Code. Are you planning to start a business in Germany? Familiarize yourself with the legal accounting obligations applied in the German jurisdiction. Accounting Obligation – Section 238 German Commercial Code According to Section 238 of the German Commercial Code, all merchants have an accounting obligation in Germany. That means every merchant must keep books of account. The books of account should show all their commercial transactions. It should also show the status of […]

Accounting, Accounting Obligation, Accouting Books, Bookkeeping, Business Administration, Financial Accounting, financial accounting basics, German Commercial Code, Startups

Introduction to Financial Accounting

By James E Njoroge, M. Sc. (VWL) - Economic Coach, Consultant and Lecturer / October 27, 2020 / Financial Accounting

Introduction to Financial Accounting Read Post »

This introduction to financial accounting is meant to introduce financial accounting topics to beginners. Students learning a business administration subject in a university can also benefit from this introduction to financial accounting. First, let us clear the question, what financial accounting is all about. Well, financial accounting is about the chronological and systematic recording of all business transactions that occur in a firm. Chronological recording means that all transactions are ordered by period and time, while systematic recording means that there are accounting categories and rules to be observed. Why your Business needs Financial Accounting Secondly, for which reasons do

Accounting, Balance Sheet, Business Administration, Cash Flow Statement, Finance, Financial Accounting, financial accounting basics, Income Statement

Accounting Obligation in Germany

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Introduction to Financial Accounting

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Accounting

Accounting Obligation in Germany

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