Accounting
-language of a business
-is a service activity. Its function is to provide quantitative information primarily financial in nature about economic entities that is intended to be useful in making economic decisions.Fra Luca Pacioli
-father of double-entry accounting
-Summa de Arithmetica Geometria Proportioni et ProportionalitaTypes of Business
-Service
-Trader
-Manufacture
-Raw materials
-Infrastructure
-Financial
-InsuranceForm of Business Organizations
-Sole Proprietorship
-Partnership
-CorporationActivities in Business Organization
-Investing
-Financing
-OperatingPhases of Accounting
-measured
-classified
-summarized
-interpretedFundamental Concepts
-Entity
-Periodicity
-Stable Monetary Unit
-Going ConcernGAAP
-objectivity
-relevance
-feasibiltyBasic Principles
-Objectivity
-Historical Cost
-Revenue Recognition
-Expense Recognition
-Adequate Disclosure
-Materiality
-ConsistencyRA 9298
-Practice of Public Accountancy
-Practice in Commerce and Industry
-Practice in Education/Academe
-Practice in GovernmentBranches of Accounting
-Auditing
-Bookkeeping
-Cost Accounting
-Financial Accounting
-Financial Management
-Management Accounting
-Taxation
-Governmnt AccountingElements of Financial Statements
-Assets
-Liabilities
-Equity
-Income
-ExpenseTypes and Effects of Transaction
-Source of Assets
-Exchange of Assets
-Use of Assets
-Exchange of ClaimsTypes of Adjustments
-Deferral
-AccrualFinancial Statements
-Financial position
-Finance performance
-Changes in equity
-Cash flowsClosing entries:
-income accounts
-expense accounts
-income summary
-withdrawal account**
Ballada
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Accounting
SonstigesThis book is filled with accounting lessons specially crafted for accounting students and aspiring accountants. Dive into the world of numbers and financial know-how as I guide you through essential concepts and practical insights. Whether you're ju...