Types of accounting.

Types of accounting The accounting is classified according to the item where it is used:

• Business accounting: It includes calculations of costs, expenses, income, production of the year, expenses or extraordinary income (fiscal, operating, financial sanctions, losses and gains by exchange rate).

• Financial accounting: Includes the gross export surplus, added value, commercial margin, self-financing capacity, resources, assets, liabilities, amortization, solvency of the company, financial ratio, factors of production and the exploitation cycle.

• Bank Accounting: For the management of different business funds, loans, securities, bonds, different types of currencies. They also work with econometric models that establish market variables, because of the foregoing, rigorous accounting controls are made to avoid errors.