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I want you to work on a step by step accounting manual for arranging the financial plan. It can serve as a guideline in order
I want you to work on a step by step accounting manual for arranging the financial plan. It can serve as a guideline in order to know what are the exact steps that an accountant must undertake. It can be as simple of 8 steps or how ever much you can find.
Some examples of the topics are; what are the accounting methods that the company/organization uses ( accrual basis, cash basis or a combination of both )
How the organization accounts for the taxes, what does the payroll system look like, what are the step to actually prepare for the financial report ( where you have already been doing accomplishing the tasks related to it )
This task is completely theory related. Feel free to have a look at some articles and reports to have an idea of what it is but do not copy & paste information. I want you guys to actually learn what youre reading and explain it in your own words and from your understanding.
Quick tip: think of it as youre a new accountant in a firm and a manual is given to you that explains all the guidelines you need to get started in the accounting position.
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