| Line 8: | Line 8: | ||
==[[FAO|Accounting & Reporting]]== | ==[[FAO|Accounting & Reporting]]== | ||
The daily activities performed by the Accounting function are grouped in the following groups: | The daily activities performed by the Accounting function are grouped in the following groups: | ||
| − | * [[fa: | + | * [[fa:RC|Record]] - Posting financial entries based on business transactions. |
| − | * [[fa: | + | * [[fa:CL|Close]] - Balancing and closing sub-ledgers and the general ledger for the past period. |
| − | * [[fa: | + | * [[fa:CS|Consolidate]] - Combining operational and financial results of affiliated business units and/or companies in order to produce aggregated and complete results and reports. |
| + | * [[fa:RP|Report]] - Generating, reviewing and publishing of consolidated financial statements. Once reviewed and approved reports are submitted to stakeholders and regulatory agencies. | ||
| + | * [[fa:A|Audit]] | ||
| + | |||
The four key {{this}} reports are: [[t:CSFP]], [[t:CSCI]], [[t:CSCI]] and [[t:CSCE]] | The four key {{this}} reports are: [[t:CSFP]], [[t:CSCI]], [[t:CSCI]] and [[t:CSCE]] | ||
==[[FA/Index|Terms]]== | ==[[FA/Index|Terms]]== | ||
The Finance & Accounting framework describes the function or Domain that analyzes, strategizes, and develops financial models for future growth and expenditures ('Financial Management') and performs the day-to-day financial record keeping and financial reporting ('Financial Accounting & Reporting').
The daily activities performed by the Accounting function are grouped in the following groups:
The four key Finance & Accounting reports are: Statement of Financial Position, Statement of Comprehensive Income, Statement of Comprehensive Income and Statement of Changes in Equity
Search Our Complete List of processes, metrics, practices and terms relevant to Finance & Accounting.
This content is under development.
Finance & Accounting {{{level}}}