Accounting in Estoniaadmin2022-05-02T21:23:32+03:00
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:
is the primary registration of business transactions with the help of documents at the moment and at the place of their commission.
a receipt, which means that the grouping of property, the sources of its formation, business transactions in accounting is carried out through a system of accounts using the method of double entry.
Accounting balance sheet
a method of economic grouping and generalization of information about the property of an enterprise by the composition, placement and sources of their formation in monetary estimation at a certain date.
is a means of verifying the physical existence of assets according to accounting records.
is a way of grouping costs and determining costs.
is a unified system of indicators, describing the property and financial situation of the organization and the results of its economic activity.
is a method of monetary expression of the property of enterprise and its sources.