End of fiscal year


Mohammed Sharif Abu Maysam We understand from the end of the financial year as if a season to complete the accounting and financial procedures in order to present the information that started with the idea of ​​college or plan for a period of 12 months, this idea, which was dealt with on the ground during the months of the year usually result in a measurable effect, Thus, the opportunity for review provides another opportunity to compare with other financial years to assess
performance.
The management of a successful establishment - that is, its form - usually takes a part of its historical existence and re-reviews it for more understanding that can identify and address the failures. If this historical deduction is bad or the review team is unable to be successful, The understanding is also bad or shady, which leads to the same mistakes again, which is a weak component in the development of plans for the other years, specifically strategic plans.
On this basis, the role of the accounting team does not stop when collecting and dealing with data, but extends to make useful financial information, starting with the accounting restrictions through regular treatments and adjustments, ending with reports prepared and reviewed at the end of the
period.
Hence the importance of the reports of the end of the financial year, which witnessed many battles in some formations and facilities due to poor control systems and the absence of standards of good governance, and thus miss the serious opportunities to assess performance and address the failures that usually confuse the accounting teams when the completion of the procedures at the end of the year and try to lend credibility On trading and spending transactions
.
This leads us to take seriously the reports of the bodies that constitute the executive body. We still rely on the paperwork in the accounting systems for projects that have suffered from stagnation due to insufficient allocations. It is time for the end of the financial year to be a season of review and comparison that does not stop when applying Separate accounts between revenues
and expenses.
And here we need control bodies to implement scientific and accurate approaches between the size of spending and the size of the achievement, and beyond the culture of synthesis and adjustments adopted by some departments based on their experience and experience of the accounting teams


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