{"id":4401,"date":"2026-04-15T11:52:18","date_gmt":"2026-04-15T11:52:18","guid":{"rendered":"https:\/\/www.brasser-accounting.de\/?post_type=glossar&#038;p=4401"},"modified":"2026-09-01T20:25:12","modified_gmt":"2026-09-01T20:25:12","slug":"accounting","status":"publish","type":"glossar","link":"https:\/\/www.brasser-accounting.de\/en\/glossar\/bilanzierung\/","title":{"rendered":"Accounting"},"content":{"rendered":"<nav class=\"toc\" aria-label=\"Table of Contents\">\n<h2>Table of Contents<\/h2>\n<ul>\n        <li><a href=\"#einleitung\">Brief definition<\/a><\/li>\n        <li><a href=\"#grundlagen\">Basics<\/a><\/li>\n        <li><a href=\"#recht\">Legal framework<\/a><\/li>\n        <li><a href=\"#einordnung\">Classification<\/a><\/li>\n        <li><a href=\"#tools\">Elements<\/a><\/li>\n        <li><a href=\"#schritte\">Procedure<\/a><\/li>\n        <li><a href=\"#praxis\">Practice<\/a><\/li>\n        <li><a href=\"#fehler\">Sources of error<\/a><\/li>\n        <li><a href=\"#faq\">FAQ<\/a><\/li>\n        <li><a href=\"#fazit\">Conclusion<\/a><\/li>\n      <\/ul>\n<\/nav>\n\n<section id=\"einleitung\">\n        <div class=\"snippet info\">\n          <p><strong>Accounting<\/strong> refers to the systematic recording, valuation, and presentation of assets and liabilities in the preparation of a balance sheet. It is part of the <a href=\"\/en\/glossary\/prepare-annual-financial-statements\/\">Annual financial statement<\/a> and builds on the ongoing <a href=\"\/en\/glossary\/financial-accounting\/\">Financial accounting<\/a> On.<\/p>\n        <\/div>\n      <\/section>\n\n      <section id=\"grundlagen\">\n        <h2>Basics<\/h2>\n        <p>In the context of accounting, assets and liabilities of a company are presented in contrast to each other as of the balance sheet date. This is based on previously recorded business transactions. <a href=\"\/en\/glossary\/double-entry-bookkeeping\/\">double-entry bookkeeping<\/a>.<\/p>\n        <p>The assessment is carried out in accordance with legally established principles.<\/p>\n      <\/section>\n\n      <section id=\"recht\">\n        <h2>Legal framework<\/h2>\n        <p>Accounting is subject to commercial and tax law regulations. Companies that are obliged to keep double-entry books must prepare annual financial statements including a balance sheet.<\/p>\n        <div class=\"snippet tip\">\n          <p><strong>Note:<\/strong> The principles of proper accounting are particularly authoritative.<\/p>\n        <\/div>\n      <\/section>\n\n      <section id=\"einordnung\">\n        <h2>Systematic classification<\/h2>\n        <p>Accounting is closely related to:<\/p>\n        <ul>\n          <li><a href=\"\/en\/glossary\/financial-accounting\/\">Financial accounting<\/a><\/li>\n          <li><a href=\"\/en\/glossary\/double-entry-bookkeeping\/\">Double-entry bookkeeping<\/a><\/li>\n          <li><a href=\"\/en\/glossary\/prepare-annual-financial-statements\/\">Annual financial statements<\/a><\/li>\n        <\/ul>\n        <p>It represents the completion of the ongoing accounting for a financial year.<\/p>\n      <\/section>\n\n      <section id=\"tools\">\n        <h2>Key elements<\/h2>\n        <ul>\n          <li>Balance sheet date<\/li>\n          <li>Asset valuation<\/li>\n          <li>Debt collection<\/li>\n          <li>Reconciliation of accounts<\/li>\n        <\/ul>\n      <\/section>\n\n      <section id=\"schritte\">\n        <h2>Typical procedure<\/h2>\n        <ol>\n          <li>Completion of ongoing bookkeeping<\/li>\n          <li>Content alignment<\/li>\n          <li>Valuation of Assets and Liabilities<\/li>\n          <li>Balance sheet creation<\/li>\n        <\/ol>\n      <\/section>\n\n      <section id=\"praxis\">\n        <h2>Practical relevance<\/h2>\n        <p>Proper accounting requires structured and complete financial bookkeeping. Errors in ongoing bookkeeping can have a direct impact on the balance sheet.<\/p>\n      <\/section>\n\n      <section id=\"fehler\">\n        <h2>Typical sources of error<\/h2>\n        <div class=\"snippet warn\">\n          <ul>\n            <li>Incomplete account reconciliations<\/li>\n            <li>Incorrect valuation of assets<\/li>\n            <li>Unrecorded liabilities<\/li>\n          <\/ul>\n        <\/div>\n      <\/section>\n\n      <section id=\"faq\">\n        <h2>FAQ<\/h2>\n        <div class=\"snippet info\">\n        <h3>What is accounting?<\/h3>\n        <p>The systematic presentation of assets and liabilities in a balance sheet.<\/p>\n      <\/div>\n\n        <div class=\"snippet info\">\n        <h3>Is it mandatory for every company?<\/h3>\n        <p>It is mandatory for companies that are obliged to keep double-entry bookkeeping.<\/p>\n      <\/div>\n\n        <div class=\"snippet info\">\n        <h3>What is it based on?<\/h3>\n        <p>During the ongoing financial accounting of a financial year.<\/p>\n      <\/div>\n      <\/section>\n\n      <section id=\"fazit\">\n        <h2>Conclusion<\/h2>\n        <p>Accounting is a central component of the annual financial statements and is based on proper double-entry bookkeeping. It serves to provide a structured overview of a company's economic situation.<\/p>\n      <\/section>","protected":false},"template":"","glossar-kategorien":[20],"class_list":["post-4401","glossar","type-glossar","status-publish","hentry","glossar-kategorien-finanzbuchhaltung"],"_links":{"self":[{"href":"https:\/\/www.brasser-accounting.de\/en\/wp-json\/wp\/v2\/glossar\/4401","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brasser-accounting.de\/en\/wp-json\/wp\/v2\/glossar"}],"about":[{"href":"https:\/\/www.brasser-accounting.de\/en\/wp-json\/wp\/v2\/types\/glossar"}],"wp:attachment":[{"href":"https:\/\/www.brasser-accounting.de\/en\/wp-json\/wp\/v2\/media?parent=4401"}],"wp:term":[{"taxonomy":"glossar-kategorien","embeddable":true,"href":"https:\/\/www.brasser-accounting.de\/en\/wp-json\/wp\/v2\/glossar-kategorien?post=4401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}