FiBu ist die gebräuchliche Abkürzung für Financial accounting. The term is frequently used in everyday business and refers to the system for recording all of a company's business transactions.
Basics
Double-entry bookkeeping records all business transactions that affect a company's assets, liabilities, or profit. It is based on the system of double-entry bookkeeping.
Ein Geschäftsvorfall wird durch einen Booking entry documented.
Legal framework
Financial accounting is subject to commercial and tax law regulations. Business transactions must be documented completely, correctly, and verifiably.
Systematic classification
The Financial Accounting department includes, among other things:
The financial accounts form the basis for evaluations and closing work.
Key elements
- Content framework
- Account assignment
- Booking entries
- Content alignment
Typical procedure
- Recording of the business transaction
- Account assignment
- Creation of the booking entry
- System Entry
Practical relevance
The term FiBu is often used as an abbreviation in everyday business life, without any change in meaning from "Finanzbuchhaltung" (financial accounting). It serves to simplify communication.
FAQ
FiBu steht für Finanzbuchhaltung.
FiBu is short for Financial Accounting.
Is FiBu something different from financial accounting?
No, it is merely the short form.
What is the term used for?
It is used as an abbreviation in day-to-day operations.
Conclusion
FiBu is the common abbreviation for Financial Accounting and describes the central system for recording all business transactions of a company.
Brasser Accounting Solutions GmbH is a specialised accounting service provider and part of a corporate group with Quint GmbH (tax consultancy/auditing) and Service Place Årjäng AB (Swedish tax office). BAS exclusively performs services according to § 6 No. 3 and 4 StBerG and does not provide tax or legal advice.
