Accounting in budget organizations and not only in them

Basics of Accounting

Accounting is a process of controlling and managing the resources of a business entity, reflecting the current economic state of the organization. The object of accounting is all property of the enterprise, which is divided into:

• Assets (funds of the business entity);
• Liabilities (sources of their formation);
• Current processes.

The control process is fully reflected in the standardized documentation called the accounting registry. It records the property and liabilities of the organization. In order to provide a consistent description of the economic state of the enterprise, the operations for moving funds are reflected in the register. They are elements, interconnected system of processes, providing economic activity of the enterprise, and are divided into:

• Procurement operations;
• Production or other activities that establish the existence of the enterprise;
• Operations to implement its activities.

Budget accounting and reporting

All listed economic processes consist of many other elements registered in the accounting registers. They are a prerequisite for doing business in the modern economic system of market relations. Strict reporting for accounting is the main factor of the existence of this industry as a whole. Every day people try to save more and more, and perfectly analyzed registers are the shortest way to achieve this goal.

Business entities with partial or full government funding

Accounting in budget organizations Is still the same accounting department, but only with partial or complete state financing of the accounting object. It is based on estimates of income and expenses of the institution. Accounting in budget organizations is conducted in accordance with the prescribed procedure for reporting data of business entities. And they are determined, according to the charter, by the relevant constituent documents and financial bodies. The accounting and control of operations for the allocation of funds in this case, the management of the federal treasury. It monitors how accounting is maintained in budget organizations, whether the entire process of relevant regulations and legislation as a whole is supported. Thus, this type of control of distributed public funds is an ordinary element of the reporting system and an instrument for allocating the resources of the business entity. In addition, accounting in budget organizations Provides the following tasks:

• Compliance with relevant regulations, decrees and legislation in general;
• Use of modern methods of accounting;
• Monitoring of the preliminary processing of documents;
• Ensuring information transparency of the economic state of the organization;
• Formation of reserves of financial stability in order to prevent a negative result in the period of economic activity of the enterprise;
• Extremely accurate approval of the organization's budget and its intended use.

Thus, accounting is not only a method of calculating money, but an instrument for total control over all values in the enterprise, in the organization, in the country and in the world as a whole.