外企财务｜必备词汇8｜Reconciliation - 知乎 - 知乎专栏
Reconciliation is an accounting process that compares two sets of records to check that figures are correct and in agreement.Reconciliation also confirms that accounts in the general ledger are consistent, accurate, and complete. 对账，是在 会计核算 中，为核实财务数据的正确性与一致性，将两组财务记录进行比对。 对账也可以用于确保总帐中的 会计科目 数据是一致、准确和完整的。 在实践中，可以将Recon的对象分为两类。
What is Profit Reconciliation? - Books and Balances Inc
Feb 12, 2024 · Profit reconciliation is a valuable financial analysis tool that contributes to the accuracy, transparency, and compliance of a company’s financial reporting. By reconciling profits, businesses can rectify discrepancies, enhance accountability, and make more informed decisions.
Reconciliation of Profits and Its Methods (With Specimen)
Reconciliation will be with regard to profits disclosed by the two sets of books and will depend on the explanation of the discrepancy between the actual overheads as recorded in the financial books and the estimates for such expenses included in costing books.
Accounting reconciliation: What it is and how it’s done | Stripe
Sep 19, 2023 · In accounting, reconciliation refers to the process of comparing two sets of records or financial information, such as bank statements, general ledger accounts, or other relevant records, to ensure their accuracy and consistency. The primary objective of reconciliation is to identify and resolve any discrepancies between the two sets of records.
What Is Account Reconciliation? - Investopedia
Jul 16, 2024 · Reconciliation is an accounting procedure that compares two sets of records to check that the figures are correct and in agreement and confirms that accounts in a general ledger are...
What is Reconciliation? Learn its Importance In Accounting
Feb 12, 2024 · Profit reconciliation is the process of matching and comparing financial data to ensure accuracy and consistency. It involves identifying discrepancies between different accounts, such as revenue, expenses, and profits, and reconciling them to provide a clear picture of the financial health of an organization.
Reconciliation of Cost and Financial Accounts - Accounting Notes
1. Meaning of Reconciliation: Where cost accounts and financial accounts are separately maintained in two different sets of books, the profit or loss shown by one may not agree with that shown by other. Therefore, it becomes necessary that periodically the profit or loss shown by the two sets of accounts is reconciled.
How to Prepare a Reconciliation Statement: A Step-by-Step Guide
May 19, 2024 · Preparing a reconciliation statement involves comparing profit or loss figures from cost and financial accounts and making necessary adjustments. Start with the profit as per cost accounts, add incomes not shown in cost accounts, and deduct charges not shown in …
Reconciliation of Cost and Financial Accounts | Cost Accounting
Reconciliation reveals the reasons for difference in profit or loss between cost and financial accounts and the information about the reasons for the variation in results facilitates internal control.
A Profit Reconciliation Statement is defined as " a statement prepared at the end of an accounting period either by the cost accountant or by the financial accountant in order to verify the correctness of cost and