Relationship between accounting and right
Introduction
Accounting is the discipline that allows us the registration, knowledge, and control of financial information which is regulated by accounting right and is essential for all that company that have profit in the market or that has economic acts, on the otherPart The right is the essence of accounting, since in it all the regularities that both financial information as well as all accounting in general that a company, microenterprise or organization must be concentrated.
Relationship between accounting and law
The accounting right is defined in the accounting that the manner of an entity’s assets, where we can see that organizations of property and properties that are under the power of third parties. And this is a discipline dedicated to describing and making quantitative projections generating good management of financial information and all the norms established by law are low, and if we incur any of these procedures it will cause us legal problems.
Law is also a discipline that moderates human behavior through norms, laws, codes;This in order to have a healthy coexistence in society.
These two concepts are related to the fact that both are disciplines that go hand in hand to carry out and give good management to the resources that the economy have and thus have the best order in the figures. With this we can corroborate that accounting has the need to be regulated by law, since they have several sections that unite them, for example, international financial information standards (IFRS), are based on different laws and these are part of theaccounting base;in the presence of contracts, property rights;regulates the fiscal positions for the company, the obligations in front of the workers;the differences between the rights and obligations that natural persons and moral persons have;The withholdings made in companies, the taxes that are obliged to pay companies such as VAT, Industry and Commerce Tax, financial transactions tax, consumption tax etc.;as well as these there are many aspects for which they must be linked.
It should be noted that within law and accounting are specific concepts for the study of what is related to the accounting part such as: the Civil, Fiscal, Commerce Code;the laws and norms that regulate taxes, etc. This
It also leads to the accountant being updated in relation to the new provisions of the law, since there is a good control of accounting information according to the standard.
We must understand that accounting is totally linked to the right because it governs some governs in a number of laws where they monitor us full compliance with the laws, since if we are governed with the decrees and everything will be developed in the best way and so notWe will have a problem with any economic entity.
conclusion
It is not for others to mention that as future accountants we must have extensive knowledge about these items, since it will depend on this that in the future we avoid arbitrary events, and consequently we will achieve a successful, respectable, impeccable professional life and, why not, why,copy.
Explain the relationship between these two fields, simply and simply, if there was no right, accounting would lose its essence as a fundamental science in society.
We as future accountants must be clear that norms of law govern us and that we must do for their full compliance, since if we do not comply we cannot expect that those who come behind us comply with, since we must all govern us in the norms,In this way, bring pure and clean and correct accounting in all areas and thus perform as the best accountants and respect the laws and decrees required by accounting right.
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