محاسبة المنشآت المتخصصة (صناديق االستثمار – البنوك التجارية – شركات التأمين – المنشآت ذات الأقسام والفروع)

Accounting for specialized establishments (investment funds – commercial banks – insurance companies – establishments with divisions and branches)

The world of finance, commerce, and business includes many different activities or industries.
Among the activities are trade and industrial activities, construction, banking, and insurance activities.
Each industry differs from the other in the nature of the product or service offered to the public. Because of these differences, there is no single accounting system that fulfills all purposes in all activities.
Since financial accounting enjoys a set of well-known principles, concepts, foundations, and standards, this has led to its applicability in multiple areas of economic activities, without fundamentally different foundations depending on the activity, the difference may be in the nomenclature and details without the applied aspect.
It has been customary to add the description of the activity subject to accounting to the term financial accounting, hence the accounting of commercial banks, accounting of insurance companies, hotel accounting, accounting of establishments with departments or branches, accounting of oil companies, and others.
This book focuses on accounting for the activity of investment funds, lists, and financial reports, as its activity began in Egypt since the issuance of the Capital Market Law No. 95 of 92. These establishments mainly serve small savers and receive money from them by issuing investment documents with the aim of employing these funds.