General Accountancy Concept

General accountancy (also designated by financial accountancy or also external accountancy) is one of the accountancy’s fields and refers to the registration and communication of information of economical and financial scope of a certain entity to people and external entities with interest in it, such as owners and investors, creditors, regulatory and tax authorities, and general public. The main goal of general accountancy is to supply brief information to the exterior about the financial position of the entity and about the formation of results.  

 

 

Translated from Portuguese by Susana Saraiva, Portuguese-English and English-Portuguese translation specialist. Contact: spams@sapo.pt.