Reading Current Assets

DARLY KARINA CORDOBA A.

1). For me, financial accounting is an activity that facilitates obtaining financial information and clearly knowing what state the company is in.

2). Yes are: assets, liabilities, equity, income, costs and expenses with this we can make reports such as the income statement, cash flow, etc.

Laura Valentina Galindo Ladino

1. It is a branch of the accounting area that deals with systematizing information on activities and the economic situation

2. Yes, those are the balance sheet accounts and the income and expense accounts

1. It is the one that determines the general result of a company and recognizes all income and expenses.

2. SOME ARE:

Box

Banks

Goods

Customers

Documents receivable

Various debtors

Land

Buildings

1. According to you, what is financial accounting?

Financial accounting is very important since with it we can collect, order and record the information of the economic activity of a company.

LEIDY VANESA QUINTERO RAMIREZ

ANDRES FELIPE MORENO MAHECHA

1-It is a discipline that consists of collecting, ordering and recording information on the economic activity of a company. ... Financial accounting allows to have a historical and quantifiable record of the activities carried out by a company and the economic events that affect it.

2-The most commonly used accounts are:

Box

Banks

Wares

Clients

Documents receivable

Miscellaneous debtors

Land

Buildings

Furniture and equipment

Suppliers

Documents payable

Miscellaneous creditors

Mortgage creditors

Interest charged in advance

Rents charged in advance

Sales

General goods

Selling expenses

Administrative expenses

1-it is the study that summarizes the information and the economic status of a company

2-yes if there are assets liabilities, equity, expense and cost accounte

Andrey Cuellar:

2. The accounting accounts are: assets, liabilities, equity, income, costs and expenses with this we can make reports such as the income statement, cash flow, etc.

Ruben Guzman

Some of the most used accounts are:

-Active

-Passive

-Capital Heritage

-Deferred liabilities

-Fixed liability

-Fixed asset

2. Do you know any of the accounts used in financial accounting? List some examples.

If I know several accounts used such as the supplier accounts receivable goods not manufactured by the company withholding at source among others.

leidy vanesa quintero ramirez

mary luz g,p

1) It is a discipline that consists of collecting, ordering and recording the information of the economic activity of a company.

2)Cash register.Banks, in checking account. Goods.

Customers. Documents receivable. Various debtors.

Land. Buildings.

1. According to you, what is financial accounting?

Financial accounting is one of the tools that helps us identify and analyze various issues, in which it helps us to have and organize a process year after year of everything that an economic entity contains.

leidy vanesa quintero ramirez

Ruben Guzman

Financial accounting is where the record and control of all the events that occur in the company are kept to summarize, analyze and report the transactions

No. I do not. I am not familiar with this field.

I do not know a specific use of this type of accounting.

María Camila Rojas

1. financial accounting It is the field of accounting that is responsible for summarizing, analyzing and reporting financial transactions pertaining to a business.

2.I know two financial accounting accounts these are the income statement and the balance sheet.

Andrey Cuellar:

1. Financial accounting is a tool that helps us to have control of our company since with it we can analyze all the transactions that are made.

2 Balance sheet accounts: This group includes the accounts that record the assets, rights and obligations of the company, that is, its assets, liabilities and capital.

  Nominal accounts These are the accounts that represent income and expenses, product of the economic activity of the company in a given period, and that make up the Profit or Loss Account or Profit and Loss Account.

1.accounting that is responsible for recapitulating, studying and communicating financial transactions pertaining to a business or company.

Vanesa Mendoza

1.It is the activity that consists of identifying, registering, summarizing and presenting economic information

 2.Yes, some accounts such as

Passives

  income

 Inheritance

 VAT

cost of sale assets

 Expenses

1.It is the activity that consists of identifying, registering, summarizing and presenting economic information

 2.Yes, some accounts such as

  Passives

  income

 Inheritance

 VAT

cost of sale assets

 Expenses

 Vanesa Mendoza

Conclusion

The accounts are of the utmost importance since they are part of our life and the correct handling of them helps us to have a better economic stability

1.It is the process that consists of identifying, recording, summarizing and presenting economic information to those who make decisions.

2.Yes, some accounts like:

- Assets

- Passives

- Heritage

- Income

 Expenses

Conclusion

Current assets are important to identify financial ratios such as liquidity and profitability ratios, which allows a correct analysis to be carried out to predict how they will handle expenses in the short term.

Paula Andrea Sánchez Urquiza

It is important to be clear about the classification of the accounts and what they are used for.

Paula Andrea Sánchez Urquiza

1. It is the information system which allows the registration, preparation and presentation of financial reports of a business, for making financial economic decisions.

2.Real accounts: Assets, liabilities and equity.

- Nominal accounts: Income, costs and expenses.

1. It is a discipline that collects, orders, and records the information of the economic activity of a company.

2.

1. The income statement: Income, Expenses and Costs.

2. The balance sheet accounts: Assets, Liabilities and Equity.