Accts Ch 1.pptx
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Accounting is defined as the process of recording, classifying, measuring, summarizing, and communicating the financial information of a business to internal and external users. It involves identifying transactions, measuring them in monetary terms, recording them, and reporting them. The main purposes of accounting are to maintain accurate financial records, calculate profit and loss, report the financial position of the business, and provide information to decision makers.
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Strategies for Effective Upskilling is a presentation by Chinwendu Peace in a Your Skill Boost Masterclass organisation by the Excellence Foundation for South Sudan on 08th and 09th June 2024 from 1 PM to 3 PM on each day.Walmart Business+ and Spark Good for Nonprofits.pdf
"Learn about all the ways Walmart supports nonprofit organizations.
You will hear from Liz Willett, the Head of Nonprofits, and hear about what Walmart is doing to help nonprofits, including Walmart Business and Spark Good. Walmart Business+ is a new offer for nonprofits that offers discounts and also streamlines nonprofits order and expense tracking, saving time and money.
The webinar may also give some examples on how nonprofits can best leverage Walmart Business+.
The event will cover the following::
Walmart Business + (https://business.walmart.com/plus) is a new shopping experience for nonprofits, schools, and local business customers that connects an exclusive online shopping experience to stores. Benefits include free delivery and shipping, a 'Spend Analytics” feature, special discounts, deals and tax-exempt shopping.
Special TechSoup offer for a free 180 days membership, and up to $150 in discounts on eligible orders.
Spark Good (walmart.com/sparkgood) is a charitable platform that enables nonprofits to receive donations directly from customers and associates.
Answers about how you can do more with Walmart!"
Chapter 4 - Islamic Financial Institutions in Malaysia.pptx
Chapter 4 - Islamic Financial Institutions in Malaysia.pptxMohd Adib Abd Muin, Senior Lecturer at Universiti Utara Malaysia
This slide is special for master students (MIBS & MIFB) in UUM. Also useful for readers who are interested in the topic of contemporary Islamic banking.
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Accts Ch 1.pptx
- 2. It is defined as the art of recording, classifying, measuring, summarizing, recording and communicating the required information relating to the economic events of an organization to the interested users of such information.
- 3. Events which results in transactions which can be measured in monetary terms. TYPES: External events Internal events.
- 4. IDENTIFICATION:Which transactions to record? MEASUREMENT: Represent in terms of money. RECORDING: Entering in the books of Accounts. COMMUNICATING: to the internal and external users
- 5. ORGANISATION:The Business enterprise INTERESTED USERS: Internal Users: Board of Directors, Managers, Employees, etc. External Users: Banks, Investors, Government, Researchers, students, etc.
- 6. Helps in decision making Serves to interested users Helps the organization reach its goals Helps in analysis, interpretations and estimation. Provides information on activities affecting the society.
- 9. Maintenance of records of Business Transactions Calculation of Profit and loss Depiction of Financial Position Providing Accounting information to its Users
- 10. ENTITY: Identifiable Business Enterprise TRANSACTION: An event involving some value between two or more entities ASSETS: Resources that belong to the enterprise. LIABILITIES: Obligations CAPITAL: Amount Invested by the owner SALES:Total Revenue.
- 11. REVENUES: Amount earned by the Firm EXPENSES: Amount spent by the Firm in the process of earning a Revenue EXPENDITURE: Spending money to get some benefits PROFIT: Revenue minus Expenses GAIN: Profit from few events LOSS: Expenses over Revenue.
- 12. DISCOUNT: Deduction in the price of goods sold VOUCHER: Documentary Evidence GOODS:Tangible Products used in Business DRAWINGS:Withdrawal of money/goods for personal use PURCHASE: Goods procured for further production/sale.
- 13. STOCK: Goods lying unsold DEBTORS:Who owe money to the Enterprise CREDITORS: Money Lenders.