The purpose of accounting is to collect economic data and information for governments, suppliers, banks, investors, employees and unions. Each main group of users of this information will be able, through it, to assess the economic and financial situation of the company and make inferences about its future trends.
The process of executing the accounting routine involves the control of financial routines arising from factors (accounting facts) that modify the company’s equity situation.
It is through its records that we understand the past, reflect the present and plan the future of the organization, through reliable information, supported by documents and substantiated through financial reports.
