Accounting in Estonia
The main tasks of the accounting process include:
- the formation of full and reliable information about the activities of the organization and its property status;
- providing users with information to monitor compliance with the legislation in the implementation of business operations and their appropriateness, the presence and movement of property and liabilities, the use of material, Human and financial resources in accordance with approved standards, standards and estimates;
- prevention of negative economic results and identification of domestic reserves to ensure its financial sustainability.
What is accounting?
Accounting Estonia is an orderly system of collecting, recording and summarizing information in monetary terms of an organization’s assets and liabilities. The main feature of accounting is that all information should be documented.
Estonian accounting includes: