The difference between foreign trade accounting and accounting

Accounting is a large-scale concept, including various forms of accounting, such as foreign-related accounting, budget accounting, etc. Of course, it also includes foreign trade accounting. It is a management activity carried out in all forms of the economy. Foreign trade accounting is equivalent to foreign-related accounting and international accounting. It is classified according to accounting and management subjects and objects. At the same time, foreign trade accounting is likely to carry out accounting measurements in two forms of currency, which is relatively cumbersome. Moreover, foreign trade accounting may require high knowledge, especially English proficiency. Its accounting content and economic activity flow are mainly based on processing, processing with supplied materials, export trade, export of labor services, etc. Focus on trade. While accounting includes everything and is universal, foreign trade accounting is more professional.

1. Foreign trade accounting has many more accounts than ordinary accounting, mainly foreign currency settlement, exchange gains and losses, tax refunds, foreign exchange collection write-off, etc.

2. Foreign trade accounting is different from domestic trade in terms of taxation and income accounting.

3. Some items of foreign trade accounting and domestic sales accounting are different. Because the accounting system is divided into domestic and international accounting. General accounting is based on the domestic accounting system, so the object of foreign trade accounting is international business.

The foreign trade accounting exam is not difficult, and the passing rate for each exam is 80-90%. As long as you have done it before and have accounting skills, you should be fine. If foreign trade companies need accountants, they will not just recruit foreign trade accountants. For an accountant to pass the foreign trade accounting exam is a professional expansion or improvement, nothing more.