What is the meaning of accounting function and supervisory function of accounting

The accounting function of accounting refers to the accounting of money as the main unit of measurement, the economic activities of a particular subject to recognize, measure and report. The supervisory function of accounting refers to the review of the authenticity, legality and reasonableness of the economic activities of a particular subject and the related accounting.

I. Accounting throughout the whole process of economic activity, is the most basic function of accounting. Accounting content mainly includes: 1. the receipt and payment of money and securities: 2. the receipt and payment of property, increase or decrease and use; 3. the occurrence and settlement of debts and liabilities; 4. the increase or decrease of capital and funds: 5. the calculation of revenues, expenditures, expenses and costs; 6. the calculation and processing of financial results; 7. the need to go through the accounting formalities, accounting accounting for other matters.

Two, authenticity review, refers to check whether the various accounting is based on the actual occurrence of economic operations. Legitimacy review, refers to check whether the economic operations in line with relevant state laws and regulations, compliance with financial discipline, the implementation of national policies to eliminate illegal and disorderly behavior. Rationality review refers to checking whether the financial income and expenditure is in line with the objective economic laws and requirements of business management, to ensure that the financial income and expenditure is in line with the specific financial income and expenditure plan, to achieve the budget target. Accounting and accounting supervision are complementary and dialectical unity. Accounting is the basis of accounting supervision, without accounting for a variety of information provided by the supervision will lose the basis; accounting supervision is the quality of accounting to ensure that only accounting without supervision, it is difficult to ensure the quality of information provided by the accounting.

Third, the accounting confirmation is to clarify the issue of which accounting elements involved in an economic operation, and accounting supervision of the authenticity, legality, reasonableness is to supervise the economic operation itself. For example, an expenditure, whether it should be into the cost or into the cost, or hanging current, this is the accounting confirmation. But this expenditure should not be spent, there is no expenditure, the expenditure is reasonable and unreasonable, more or less, this is accounting supervision.

Supervision function refers to the specific subject of economic activities and related accounting for the authenticity, legality and reasonableness of the review.