المحاسبة في المنشآت المتخصصة (1)

The multiplicity and diversity of institutions of a special nature led to the emergence of the accounting of specialized institutions or the so-called “special accounting” or “advanced accounting” to study and address problems that arise from the nature and quality of operations. And every facility has those problems that differ from one facility to another, and they also differ from those problems related to industrial and commercial facilities.

It includes advanced accounting or the accounting of specialized institutions – the accounting of service institutions (such as hotels, hospitals, institutions of liberal professions, and non-commercial bodies), as well as the accounting of cooperative societies.

Rather than being an industrial or commercial facility, it is for the purpose of providing hotel accommodation and complementary services to it, or for the purpose of providing various professional services such as law, medicine, engineering, accounting, auditing, and others.

A service organization may also be a social or scientific association, sports club, or federation in order to provide a variety of services to the community, especially the members.

An enterprise may also be a cooperative society whose purpose is to serve its members and improve their economic and social conditions.

All this calls for the need for a specialized author who deals with accounting problems in service and cooperative organizations.

There is no dispute that generally accepted accounting principles applicable to all entities, whether commercial, industrial or service.