Connecting decision makers to a dynamic community of information, people and concepts, Bloomberg rapidly and precisely delivers business and monetary information, news and perception world wide. An extra objective of IJMFA is to develop an understanding of the environment during which reporting decisions are made, what the choices are, the best way to use these data in making decisions, and find out how to avoid misusing financial statement information.
Monthly bookkeeping to trial stability (handbook and computerised); disclose revenue and monetary place; reconcile suppliers, inventory and bank statements; calculate PAYE/UIF/SDL; payroll tax and different deductions; EMP201, EMP501, IRP5, IRP6 and IT3a paperwork and VAT returns.
Therefore, to place together a proper definition of economic accounting, it’s a specialised department of accounting that data and reviews information about the financial position and efficiency of an organization, primarily to be used by the business entity’s external stakeholders.
This research has also been stimulated by premier scientific journals like The Accounting Overview (TAR), Journal of Accounting Analysis (JAR), Journal of Accounting and Economics (JAE), Modern Research (AUTOMOBILE) and Evaluation of Accounting Research (RAS).
Has perception into the Belgian law on accounting and company financial statements and applies it when registering the frequent business and monetary operations, transactions regarding fixed assets, current assests and liabilities, including the transactions at 12 months-end.