What are the accounting and supervision functions of accounting? What is the relationship between them?

The basic function of accounting is accounting and supervision. Accounting is a reflection of the unit's production and operation activities or budget implementation through confirmation, measurement and reporting with currency as the main unit of measurement. The accounting process mainly includes obtaining and filling in accounting vouchers, registering accounting books and preparing financial accounting reports.

It means that accounting can comprehensively, systematically, timely and accurately reflect the accounting events that have occurred in an accounting entity by using certain procedures and methods in accordance with the requirements of accounting standards, thus revealing the essence of accounting events and providing economic information for enterprise management.

Accounting supervision function

Refers to accounting according to certain purposes and requirements. Use the information provided by the accounting information system to control the economic activities of accounting subjects in order to achieve the expected goals.

Accounting function is the foundation and basis of supervision function, and supervision function is the continuation and sublimation of accounting function.