The subject of accounting, its objects and their classification

In a generalized form the subject of accounting is the economic activity of the organization taking into account the resources and results. Its subject can be considered each a separate entity. The subject of accounting and its objects provided by the two groups. The first group contains those who are responsible for ensuring the organization of economic activity. It includes the assets and liabilities of this entity. The subject of accounting also contains objects that comprise business transactions, which involve changes in the functioning of capital and sources of its occurrence. The funds of each organization can be considered from two sides. With the composition of assets and types of included active capital, and other sources that contributed to its emergence and formation.

Studying the subject of accounting, we can conclude that the property of the company is divided into two main types. Active and passive capital, which are also two main subgroups. The first type includes non-current assets, combining long-term financial investments, incomplete construction and fixed assets. Also include a profitable investment in material values. In addition, the equity assets include current assets, which comprise tangible assets, short-term investments and receivables. Passive capital shares of own and borrowed assets. The second group includes long-term and short-term obligations. More should be said about the subject of accounting and the objects, classified according to the composition and the functions they perform. Non-current assets:

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1. Fixed assets used for more than one year. They wear out over time. These include equipment, buildings, working machines and other vehicles.

2. Intangible assets are not valuable objects, but are valuation. This can be the right to own certain intellectual property or business reputation.

3. To construction in progress include costs of construction or acquisition of property of a capital nature.

4. Investing in tangibles: hire, rent, leasing.

5. Long-term financial investments can be loans or securities with a validity of more than one year.

Short-term assets include:

1. Material circulating assets: the products not passed all stages of processing, and other products such as fuel and raw materials.

2. Receivables from clients or customers for work performed or goods provided.

3. Short-term material investments-term deposits or loans bill for a period less than a year.

4. Funds available to the company.

After studying this material are advised to check that such financial statements.