Accounting, as an information system is the process of identifying, measuring and communicating the economic information of an organization to its users who need the information for decision making. It identifies transactions and events of a specific entity. A transaction is an exchange in which each participant receives or sacrifices value (e.g. purchase of raw material). An event (whether internal or external) is a happening of consequence to an entity (e.g. use of raw material for production). An entity means an economic unit that performs economic activities.
Accounting, as an information system is the process of identifying, measuring and communicating the economic information of an organization to its users who need the information for decision making. It identifies transactions and events of a specific entity. A transaction is an exchange in which each participant receives or sacrifices value (e.g. purchase of raw material). An event (whether internal or external) is a happening of consequence to an entity (e.g. use of raw material for production). An entity means an economic unit that performs economic activities.
Accounting for Entrepreneurs.
Presented by: Ms. Rand Marar, GOL Trainer
Socialize your Business, Maadi Public Library, Cairo, Egypt.
Organized by IRC, US-Embassy in Cairo
26 March, 2013
INTRODUCTION TO ACCOUNTING, Accounting Information System, Accounting Transaction, Accounting Transactions andaccounting equations, Double Entry System, Journal - The Book of Original Entry, Ledger & Trial Balance.
Although 'Accounting' has been defined by the different scholarly ways, its nature of accounting is essentially described. Conceptually, accounting is an art of recording, classifying summarizing, and interpreting the financial result. It defined as an art because it consists of certain creativity, value judgment, and skill that assist us to attain certain specific goals. The nature of Accounting mainly divided two views of point:
1. Structural viewpoint. 2. Functional viewpoint.
Accounting for Entrepreneurs.
Presented by: Ms. Rand Marar, GOL Trainer
Socialize your Business, Maadi Public Library, Cairo, Egypt.
Organized by IRC, US-Embassy in Cairo
26 March, 2013
INTRODUCTION TO ACCOUNTING, Accounting Information System, Accounting Transaction, Accounting Transactions andaccounting equations, Double Entry System, Journal - The Book of Original Entry, Ledger & Trial Balance.
Although 'Accounting' has been defined by the different scholarly ways, its nature of accounting is essentially described. Conceptually, accounting is an art of recording, classifying summarizing, and interpreting the financial result. It defined as an art because it consists of certain creativity, value judgment, and skill that assist us to attain certain specific goals. The nature of Accounting mainly divided two views of point:
1. Structural viewpoint. 2. Functional viewpoint.
Introduction
Needs and Role of Accounting
System of Accounting
Branches of Accounting
Objectives of Accounting
Generally Accepted Accounting principles : (Accounting Concepts and Conventions)
Documents in Accounting
IGNOU -MCOM - MCO -7 financial management
Introduction
1.2 Need for Accounting
1.3 Definition of Accounting
1.4 Objectives of Accounting
1.5 Accounting as Part of the Information System
1.6 Branches of Accounting
1.6.1 Financial Accounting
1.6.2 Cost Accounting
1.6.3 Management Accounting
1.7 Role of Management Accountant
1.8 Financial Accounting Process
1.9 Accounting Equation
1.10 Accounting Concepts
1.10.1 Concepts to be Observed at the Recording Stage
1.10.2 Concepts to be Observed at the Reporting Stage
Definition of Cost Accounting2.2 Objectives of Cost Accounting2.3 Importance of Cost Accounting2.4 Advantages of Cost Accounting2.5 Limitations of Cost Accounting2.6 Reports Generated by Cost Accounting Department
3. Installation of Cost Accounting System
3.1 Basic Considerations3.2 Steps in Introduction3.3 Essentials of a Good Cost Accounting System 3.4 Difficulties in Introduction
Memorandum Of Association Constitution of Company.pptseri bangash
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www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
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Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
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Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
"๐ฉ๐ฌ๐ฎ๐ผ๐ต ๐พ๐ฐ๐ป๐ฏ ๐ป๐ฑ ๐ฐ๐บ ๐ฏ๐จ๐ณ๐ญ ๐ซ๐ถ๐ต๐ฌ"
๐๐ ๐๐จ๐ฆ๐ฌ (๐๐ ๐๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐๐๐ญ๐ข๐จ๐ง๐ฌ) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
๐๐ ๐๐จ๐ฆ๐ฌ provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
โญ ๐ ๐๐๐ญ๐ฎ๐ซ๐๐ ๐ฉ๐ซ๐จ๐ฃ๐๐๐ญ๐ฌ:
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โขCHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
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"๐๐ฏ๐๐ซ๐ฒ ๐๐ฏ๐๐ง๐ญ ๐ข๐ฌ ๐ ๐ฌ๐ญ๐จ๐ซ๐ฒ, ๐ ๐ฌ๐ฉ๐๐๐ข๐๐ฅ ๐ฃ๐จ๐ฎ๐ซ๐ง๐๐ฒ. ๐๐ ๐๐ฅ๐ฐ๐๐ฒ๐ฌ ๐๐๐ฅ๐ข๐๐ฏ๐ ๐ญ๐ก๐๐ญ ๐ฌ๐ก๐จ๐ซ๐ญ๐ฅ๐ฒ ๐ฒ๐จ๐ฎ ๐ฐ๐ข๐ฅ๐ฅ ๐๐ ๐ ๐ฉ๐๐ซ๐ญ ๐จ๐ ๐จ๐ฎ๐ซ ๐ฌ๐ญ๐จ๐ซ๐ข๐๐ฌ."
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
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HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
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Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
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Attending a job Interview for B1 and B2 Englsih learnersErika906060
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It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
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Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
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[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
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A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
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This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
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Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. Youโll also learn
โข Four (4) workplace discipline methods you should consider
โข The best and most practical approach to implementing workplace discipline.
โข Three (3) key tips to maintain a disciplined workplace.
2. โIn general accounting may
be called the systematic record of
business transactions to know the
result of the business.โ
3. The American Institute of Certified Public
Accounts (AICPA) defined accounting as
โthe art of recoding, classifying and
summarizing in a significant manner and in
terms of money, transactions and events which
are, in part at least, of a financial character and
interpreting the results there off โ
4. โthe process of identifying,
measuring and communicating
economic information to permit
informed judgments' and decisions
by users of the informationโ
5. 1. Accounting is both a science and an art. It is
science because it has certain definite methods
and regulations. It is an art because it follows
certain methods to fulfill the objectives.
2. Accounting identifies the business transactions
3. Accounting shows the value of business
transactions in terms of money.
6. 4. Accounting classifies the business transactions
and records them in their respective accounts.
5. Accounting briefs the business transactions and
after getting required information from ledger
prepares, final accounts, namely trading and
profit and loss account and balance sheet.
6. Accounting helps the business to take
necessary decisions by showing the result of the
business.
7. ๏ฝ Accounting records of a business concern
are the permanent records of transactions
relating to its income and expenditure.
๏ฝ Accounting records provide full
information about business transactions.
๏ฝ Accounting helps a business concern to
compare results of the business from year
to year.
8. ๏ฝ Accounting helps to ascertain the
financial position of a business concern.
๏ฝ Accounting helps a business concern to
know the amount due to others and
amount due from others.
๏ฝ Accounting records and reports help the
management of a concern in its future
planning and decision making process.
9. โDebit and credit play a very
important role in accounting. The art of
recording the debit and credit aspects in
account of books is termed as Book-
keeping.โ
10. There are two systems of Book-keeping
1. Double - Entry System.
2. Single - Entry System.
11. โEvery ledger account has two sides
one account receives the benefit and
another account gives the benefit. While
entering the aspects we enter two aspects
on opposite sides. This system is called
Double entry system.โ
12. โSome aspects are recorded in two
accounts, some are recorded in one
side and some aspects are not
recorded at all.โ
13. 1) The day to-day business transactions are
entered in Rough book as and when they
take place.
2) The transactions entered in rough book
are analyzed so as to which account has
to be debited and which account has to
be credited.
14. Date Particulars LF Debit
Amount
Credit
Amount
12-10-2018 ............ Dr
............. Cr
(Particular of the
Transaction
.............)
---
---
---
* * * * * * * * * *
15. 3) The Journal entries are then transferred to
the respective ledger accounts.
4) After a particular period or when ever
required the balance of ledger accounts is
found out. The balance of account is the
difference between Debit and Credit side.
5) The list of all the balances of all the
accounts is prepared. It is called Trial
Balance.
6) After the preparation of Trial balance, final
accounts are prepared.
16. a) Trading Account.
b) Profit and Loss account.
c) Balance sheet :
The recoding of all the transactions is
called Accounting cycle.
18. Accounts are classified into three types.
They are :
1. Personal Accounts
2. Real Accounts
3. Nominal Accounts
19. The ledger accounts which are maintained to record
the transactions carried out with persons or firms are
called Personal Accounts. Ex : Sureshโs a/c, x coโs a/c.
etc., Bank a/c.
20. โThe ledger accounts that are maintained
by the business concerns to record the
assets which the firm possesses.โ
ex : Buildingโs a/c,
Cash a/c,
Furniture a/c,
Machinery a/c. etc
21. โThe business concerns have to maintain
separate accounts for the profits or incomes it
earns and for losses or expenses it incurs.
These accounts are called Nominal Accounts.โ
Ex : Rent a/c,
Salaries a/c,
Interest a/c,
commission a/c,
Rates & Taxes a/c, etc..
22. ๏ฝ Personal Account :
โDebit the receiver and credit the
giver.โ
Debit the benefit receiverโs a/c and
credit the benefit giverโs account.
23. โDebit what comes in and credit what
goes out.โ
If asset comes in Debit to that asset
account and if any asset goes out
credit to that asset account.
24. โDebit all losses or expenses and Credit
all profits or gains.โ
Debit the account which incurs
loss or expenditure and Credit the
account which receives any profit or
income.