An Introduction to Accounting

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This presentation is used to introduce year 12 students to accounting. It features many word clouds to summarize the basic concepts.

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An Introduction to Accounting

  1. 1. Accounting <br />
  2. 2. Why does the owner need financial information?<br />
  3. 3. Users of Financial information<br />
  4. 4. Types of Accountants<br />
  5. 5.
  6. 6. Characteristics<br />C omparability<br />U nderstandability<br />Relevance<br />R eliability<br />
  7. 7. Principles<br />
  8. 8. Principles<br />C onsistency<br />H istorical Cost<br />E ntity<br />R eporting Period<br />M ateriality<br />C onservatism<br />G oing Concern<br />
  9. 9. Accounting Equation<br />A=L+Oe<br />
  10. 10.
  11. 11. Learn these terms<br />Assets<br />Liabilites<br />Owners Equity<br />Revenue<br />Expenses<br />
  12. 12. Business?<br />
  13. 13. A = L+(Oe+Revenue-Expenses)<br />

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