Basic Accounting Terms used during business transactions have been explained.
I tried to cover all basic terms that are commonly used in a business.
Thank You So Much.
Basic Accounting Terms used during business transactions have been explained.
I tried to cover all basic terms that are commonly used in a business.
Thank You So Much.
time value of money
,
concept of time value of money
,
significance of time value of money
,
present value vs future value
,
solve for the present value
,
simple vs compound interest rate
,
nominal vs effective annual interest rates
,
future value of a lump sum
,
solve for the future value
,
present value of a lump sum
,
types of annuity
,
future value of an annuity
Cambridge International Advanced Level
Accounting (9706)
A Level - Paper 3
Financial Accounting
Consignment Accounts
Consignor , Consignee/Agent, Commission
Del Credere Commission
All the theories with steps
if you want a support to complete this tute, text me on Wtsapp : +94779035940
All the past papers and model papers
All the best children..!
Liquidity Ratios are an integral part of financial statement analysis. These are various measures to find or to ascertain the firm’s ability to meet the short term expenses or liabilities and convertibility to liquid assets (for further reading click the link) into cash on requirement. Copy the link given below and paste it in new browser window to get more information on Liquidity Ratio:- http://www.transtutors.com/homework-help/accounting/financial-statement-analysis-liquidity-ratios/
Cost Accounting Vs Management Accounting & Management Accounting Vs Financial...Uttar Tamang ✔
This Slide includes:
1. Cost Accounting Vs Management Accounting
2. Management Accounting Vs Financial Accounting
3. Types of Accounting
4. Difference between Cost, Management and Financial Accounting with basis
Here we have discussed the Future estimates made by business, the meaning of future probable inflow of benefits i.e. Contingent Assets & future probable obligations i.e. Contingent liabilities . The Disclosure in Accounting of Contingencies (as per Full Disclosure Concept) has been discussed. The difference between Provisions & Contingent liabilities is not to be ignored.
time value of money
,
concept of time value of money
,
significance of time value of money
,
present value vs future value
,
solve for the present value
,
simple vs compound interest rate
,
nominal vs effective annual interest rates
,
future value of a lump sum
,
solve for the future value
,
present value of a lump sum
,
types of annuity
,
future value of an annuity
Cambridge International Advanced Level
Accounting (9706)
A Level - Paper 3
Financial Accounting
Consignment Accounts
Consignor , Consignee/Agent, Commission
Del Credere Commission
All the theories with steps
if you want a support to complete this tute, text me on Wtsapp : +94779035940
All the past papers and model papers
All the best children..!
Liquidity Ratios are an integral part of financial statement analysis. These are various measures to find or to ascertain the firm’s ability to meet the short term expenses or liabilities and convertibility to liquid assets (for further reading click the link) into cash on requirement. Copy the link given below and paste it in new browser window to get more information on Liquidity Ratio:- http://www.transtutors.com/homework-help/accounting/financial-statement-analysis-liquidity-ratios/
Cost Accounting Vs Management Accounting & Management Accounting Vs Financial...Uttar Tamang ✔
This Slide includes:
1. Cost Accounting Vs Management Accounting
2. Management Accounting Vs Financial Accounting
3. Types of Accounting
4. Difference between Cost, Management and Financial Accounting with basis
Here we have discussed the Future estimates made by business, the meaning of future probable inflow of benefits i.e. Contingent Assets & future probable obligations i.e. Contingent liabilities . The Disclosure in Accounting of Contingencies (as per Full Disclosure Concept) has been discussed. The difference between Provisions & Contingent liabilities is not to be ignored.
Must Know Basic Accounting Terms in 2023 | Academy Tax4wealthAcademy Tax4wealth
To understand the basic accounting concept in 2023, you must be familiar with the fundamental accounting terms. You will learn nearly all of the fundamental definitions required when studying accounts from Academy Tax4wealth. Learn more!
For more info, visit us at:-
https://academy.tax4wealth.com/blog/basic-accounting-terms
Must Know Basic Accounting Terms in 2023 | Academy Tax4wealthAcademy Tax4wealth
To understand the basic accounting concept in 2023, you must be familiar with the fundamental accounting terms. You will learn nearly all of the fundamental definitions required when studying accounts from Academy Tax4wealth. Learn more!
For more info, visit us at:-
https://academy.tax4wealth.com/blog/basic-accounting-terms
Accounting is often referred to as the language of business. It is a fundamental aspect of any organization, whether it's a small startup, a multinational corporation, or a non-profit organization.
Financial plan and controll entrepreneurshipfatimanajam4
This file is uploaded to help the students learning finance easier. It will give a general understanding of planning and controlling of financial resources.
What are the elements of financial statements.pdfsarikabangimatam
Financial accounting and tax accounting are branches of accounting concerned with summarizing, analyzing, and reporting the financial transactions of a business.
The final outcome of Financial Accountants & Tax Advisors in Chicago is related to the preparation of financial statements for users of accounting information.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
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The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Greek trade a pillar of dynamic economic growth - European Business Review
1. basic accounting terminology
1. Basic accounting terms to remember
Check out these basic accounting terms and start to commit them to memory. That way, when you
start your degree journey, you’ll already feel like you’re a step ahead and speaking the language.
1. Accounts receivable (AR)
Definition: The amount of money owed by customers or clients to a business after goods or
services have been delivered and/or used.
2. Accounting (ACCG)
Definition: A systematic way of recording and reporting financial transactions for a business or
organization.
3. Accounts payable (AP)
Definition: The amount of money a company owes creditors (suppliers, etc.) in return for goods
and/or services they have delivered.
4. Accruals
This is a list of expenses that have been incurred but are not yet paid, or a list of sales that have
been completed but not yet billed. Accruals relate to items that will hit your books imminently,
either in the positive or negative, but haven’t yet, normally due to the time it takes to complete
accounting processes.
5. Accrual Basis Accounting
The accrual accounting method allows for some flexibility when expenses and income are
recognized. In this method, companies report when income is earned and when expenses are
incurred. There are rules that dictate when income is and isn’t recognized for the reporting period,
as well as best practices for dealing with bad debt expenses.
6. Accrued Expense
Accrued expenses are single accounting expenses that are being reported but haven’t yet been paid.
2. 7. Assets (fixed and current) (FA, CA)
Definition: Current assets are those that will be converted to cash within one year. Typically,
this could be cash, inventory or accounts receivable. Fixed assets are long-term and will likely
provide benefits to a company for more than one year, such as a real estate, land or major
machinery.
8. Balance sheet (BS)
Definition: A financial report that summarizes a company's assets (what it owns), liabilities (what
it owes) and owner or shareholder equity at a given time.
9. Bad Debt Expense
This is an entry on a company’s income statement that tracks non-collectible accounts receivable
(i.e. “bad debt“) during a specific period of time.
10. Bookkeeping
Refers to the task of recording the amount, date and all sources of business revenues and expenses.
Because accurate accounting requires bookkeeping data, it is the starting point of the accounting
process.
11. Bonds and coupons (B&C)
Definition: A bond is a form of debt investment and is considered a fixed income security. An
investor, whether an individual, company, municipality or government, loans money to an entity
with the promise of receiving their money back plus interest. The “coupon” is the annual interest
rate paid on a bond.
12. Capital (CAP)
Definition: A financial asset or the value of a financial asset, such as cash or goods. Working
capital is calculated by taking your current assets subtracted from current liabilities—basically the
money or assets an organization can put to work.
3. 13. Cash flow (CF)
Definition: The revenue or expense expected to be generated through business activities (sales,
manufacturing, etc.) over a period of time.
14. Cash Basis Accounting
Cash basis accounting is a straightforward accounting method that is particularly useful for small
or new businesses. Revenues and expenditures are recorded when payments are received and sent.
It is especially valuable for companies that don’t maintain inventories.
15. Certified public accountant (CPA)
Definition: A designation given to an accountant who has passed a standardized CPA exam and
met government-mandated work experience and educational requirements to become a CPA.
16. Cost of goods sold (COGS)
Definition: The direct expenses related to producing the goods sold by a business. The formula
for calculating this will depend on what is being produced, but as an example this may include the
cost of the raw materials (parts) and the amount of employee labor used in production.
17. Credit (CR)
Definition: An accounting entry that may either decrease assets or increase liabilities and equity
on the company's balance sheet, depending on the transaction. When using the double-entry
accounting method there will be two recorded entries for every transaction: A credit and a debit.
18. Debit (DR)
Definition: An accounting entry where there is either an increase in assets or a decrease in
liabilities on a company's balance sheet.
19. Depreciation
Defined as the decrease of an item’s value over time due to use, depreciation is especially
important for tax purposes, as larger pieces of equipment that directly impact the company’s ability
4. to make money can be written off on tax returns based on their depreciation. These are items that
are used for more than a year.
20. Dividends
Dividends are company earnings that are distributed on a regular basis to company shareholders.
Dividend amounts or percentages are typically decided by a corporation‘s board of directors and
can be issued as cash, shares of stock or other property.
21. Expenses (fixed, variable, accrued, operation) (FE, VE, AE, OE)
Definition: The fixed, variable, accrued or day-to-day costs that a business may incur through its
operations.
Fixed expenses: payments like rent that will happen in a regularly scheduled cadence.
Variable expenses: expenses, like labor costs, that may change in a given time period.
Accrued expense: an incurred expense that hasn’t been paid yet.
Operation expenses:business expenditures not directly associated with the production of goods
or services—for example, advertising costs, property taxes or insurance expenditures.
22. Equity and owner's equity (OE)
Definition: In the most general sense, equity is assets minus liabilities. An owner’s equity is
typically explained in terms of the percentage of stock a person has ownership interest in the
company. The owners of the stock are known as shareholders.
23. Fiscal Year
A fiscal year is a period of time that a company uses for accounting purposes and in
preparing financial statements. The fiscal year can coincide with the calendar year; however, it can
also be different, such as October to September or July to June. Fiscal-year start and end dates are
normally determined by the company and may depend on how long it will take to close out the
books for the year and prepare all financial statements for federal and state tax submittals.
5. 24. Forecasting
The process of using a company’s historical financial data to predict future business
trends, forecasting is typically used by organizations to best estimate budgets for an upcoming
period of time. This often includes supply and demand figures, sales records and expenses.
25. Generally accepted accounting principles (GAAP)
Definition: A set of rules and guidelines developed by the accounting industry for companies to
follow when reporting financial data. Following these rules is especially critical for all publicly
traded companies.
26. General ledger (GL)
Definition: A complete record of the financial transactions over the life of a company.
27. Invoices are written records of transactions. They are often submitted to a customer or client
when requesting payment for goods or services. Invoices are sometimes called bills or statements.
28. Insolvency
Definition: A state where an individual or organization can no longer meet financial obligations
with lender(s) when their debts come due.
29. Journal
Journals can also be referred to as accounts. This is where transactions are recorded as they occur
and before they are transferred to the official accounting record, such as the general ledger.
30. Liabilities (current and long-term) (CL, LTL)
Definition: A company's debts or financial obligations incurred during business operations.
Current liabilities are those debts that are payable within a year, such as a debt to suppliers. Long-
term liabilities are typically payable over a period of time greater than one year. An example of a
long-term liability would be a multi-year mortgage for office space.
6. 31. Limited liability company (LLC)
Definition: An LLC is a corporate structure where members cannot be held accountable for the
company’s debts or liabilities. This can shield business owners from losing their entire life savings
if, for example, someone were to sue the company.
32. Net income (NI)
Definition: A company's total earnings, also called net profit. Net income is calculated by
subtracting total expenses from total revenues.
33. Operational Expense
Operational expenses are costs that are necessary for a company to conduct business.
34. Present value (PV)
Definition: The current value of a future sum of money based on a specific rate of return. Present
value helps us understand how receiving $100 now is worth more than receiving $100 a year from
now, as money in hand now has the ability to be invested at a higher rate of return. See an example
of the time value of money here.
35. Profit and loss statement (P&L)
Definition: A financial statement that is used to summarize a company’s performance and
financial position by reviewing revenues, costs and expenses during a specific period of time, such
as quarterly or annually.
36. Return on investment (ROI)
Definition: A measure used to evaluate the financial performance relative to the amount of money
that was invested. The ROI is calculated by dividing the net profit by the cost of the investment.
The result is often expressed as a percentage. See an example here.
37. Revenue
Revenue is the total amount of money collected for goods or services sold before any expenses are
subtracted. It also includes any credits or discounts for returned merchandise.
7. 38. Receipts
Are written records of transactions. Buyers receive receipts to show that items were paid for. The
seller keeps a copy of a receipt to show that payment was received. Receipts are sometimes referred
to as sales slips.
39. Trial balance
Definition: A business document in which all ledgers are compiled into debit and credit columns
in order to ensure a company’s bookkeeping system is mathematically correct.
40. Variable Expense
Variable expenses are tied to the company’s production. These costs can go up or down based on
increases and decreases in production or sales.