This course covers the complete accounting cycle and is designed for those
who are interested in working in the areas of bookkeeping, clerical
accounting, finance or general office work or are looking to review their
accounting knowledge.Our accounting course teaches principles of
accounting, which are consistent across the globe. Even though there may
be minor differences in accounting principles in different countries, the core
accounting principles are the same.
Accounting - Lesson 3 : The Business Transactions Elearningpower
This Video online accounting course is
designed for those with little or no
experience in bookkeeping or accounting
and may be of interest to those looking to
review their basic knowledge of accounting.
Accounting - Lesson 4 : Transactions That Affect Assets Liabilities, and O...Elearningpower
This course covers the complete accounting cycle and is designed for those
who are interested in working in the areas of bookkeeping, clerical
accounting, finance or general office work or are looking to review their
accounting knowledge.Our accounting course teaches principles of
accounting, which are consistent across the globe. Even though there may
be minor differences in accounting principles in different countries, the core
accounting principles are the same.
Accounting - Lesson 3 : The Business Transactions Elearningpower
This Video online accounting course is
designed for those with little or no
experience in bookkeeping or accounting
and may be of interest to those looking to
review their basic knowledge of accounting.
Accounting - Lesson 4 : Transactions That Affect Assets Liabilities, and O...Elearningpower
This course covers the complete accounting cycle and is designed for those
who are interested in working in the areas of bookkeeping, clerical
accounting, finance or general office work or are looking to review their
accounting knowledge.Our accounting course teaches principles of
accounting, which are consistent across the globe. Even though there may
be minor differences in accounting principles in different countries, the core
accounting principles are the same.
Bookkeeping means systematic recording of day-to-day activities such as financial transactions and expense accrual for a business. The company needs to track such details for making well operational decisions.
3 Golden Rules of accounting are made for understanding the basics of rules for posting journal Entry. Every accountant should know about the nature of transaction and where it should be recorded.
http://izzihub.com/golden-rules-of-accounting/
These Are Accounting Notes For O levels For Both Paper 1 And Paper 2 But It is best For Paper1 as it lacks some Formats But still Free And Best .................
Both the chapters journal and ledger along with the accounting cycle is resent in the PPT with their formats. It makes the learning of the chapters easy for an accountancy student.
Material for PGPSE participants of AFTERSCHOOOL CENTRE FOR SOCIAL ENTREPRENEURSHIP. PGPSE is an entrepreneurship oriented programme, open for all, free for all.
It is the system in which both the aspects i.e. debit as well as credit are recorded in the books of accounts .It records transactions relating to all the accounts i.e. personal, real and nominal.
Social development club is a leading course content provider of India with a key focus on skilling courseware development. We deliver complete package required to deliver the Skill development program effectively. We develop NCVT and SSC aligned courses of all the domains and for all the schemes.
Contact: sdccourses@gmail.com, http://www.socialdevelopment.club
Bookkeeping means systematic recording of day-to-day activities such as financial transactions and expense accrual for a business. The company needs to track such details for making well operational decisions.
3 Golden Rules of accounting are made for understanding the basics of rules for posting journal Entry. Every accountant should know about the nature of transaction and where it should be recorded.
http://izzihub.com/golden-rules-of-accounting/
These Are Accounting Notes For O levels For Both Paper 1 And Paper 2 But It is best For Paper1 as it lacks some Formats But still Free And Best .................
Both the chapters journal and ledger along with the accounting cycle is resent in the PPT with their formats. It makes the learning of the chapters easy for an accountancy student.
Material for PGPSE participants of AFTERSCHOOOL CENTRE FOR SOCIAL ENTREPRENEURSHIP. PGPSE is an entrepreneurship oriented programme, open for all, free for all.
It is the system in which both the aspects i.e. debit as well as credit are recorded in the books of accounts .It records transactions relating to all the accounts i.e. personal, real and nominal.
Social development club is a leading course content provider of India with a key focus on skilling courseware development. We deliver complete package required to deliver the Skill development program effectively. We develop NCVT and SSC aligned courses of all the domains and for all the schemes.
Contact: sdccourses@gmail.com, http://www.socialdevelopment.club
Understanding the Core Accounting PrinciplesAcademic31
In this PowerPoint presentation on "Accounting Principles," you will explore the fundamental concepts that form the foundation of financial accounting. The presentation includes 08 slides, starting with an introduction to accounting principles and their significance. You'll dive into key topics such as the accounting equation, double-entry bookkeeping, the matching and revenue recognition principles, as well as the expense recognition, consistency, and materiality principles. You'll also learn about the importance of full disclosure in financial reporting. The presentation concludes with a summary of key points. The slides feature a professional design with visuals to enhance your understanding.
Basics of Accounting. Principles and concepts of Accounting
what is Double Entry System of Accounting?what Financial Statements?
Accounting is a process of identifying, recording, summarising and reporting economic information
to decision makers in the form of financial statements.
Chapter 3 ANALYZING AND RECORDING TRANSACTIONSPrinciples of EstelaJeffery653
Chapter 3 ANALYZING AND RECORDING TRANSACTIONS
Principles of Accounting, Volume 1: Financial Accounting
PowerPoint Image Slideshow
Chapter Outline
3.1 Describe Principles, Assumptions, and Concepts of Accounting and Their Relationship to Financial Statements
3.2 Define and Describe the Expanded Accounting Equation and Its Relationship to Analyzing Transactions
3.3 Define and Describe the Initial Steps in the Accounting Cycle
3.4 Analyze Business Transactions Using the Accounting Equation and Show the Impact of Business Transactions on Financial Statements
3.5 Use Journal Entries to Record Transactions and Post to T-Accounts
3.6 Prepare a Trial Balance
Module 3.1 Describe Principles, Assumptions, and Concepts of
Accounting and Their Relationship to Financial Statements
The Financial Accounting Standards Board (FASB) is an independent, nonprofit organization that sets the standards for financial accounting and reporting, including generally accepted accounting principles (GAAP), for both public- and private-sector businesses in the United States.
GAAP are the concepts, standards, and rules that guide the preparation and presentation of financial statements.
US accounting rules are called US GAAP.
International accounting rules are called International Financial Reporting Standards (IFRS).
Some companies that operate on a global scale may be able to report their financial statements using IFRS.
Publicly traded companies (those that offer their shares for sale on exchanges in the United States) have the reporting of their financial operations regulated by the Securities and Exchange Commission (SEC).
Teacher Notes: By having proper accounting standards such as US GAAP or IFRS, information presented publicly is considered comparable and reliable. As a result, financial statement users are more informed when making decisions.
3
The conceptual framework is a set of concepts that guide financial reporting. These concepts help ensure information is comparable and reliable to stakeholders.
Revenue recognition principle: directs a company to recognize revenue in the period in which it is earned; is earned when a product or service has been provided
Expense recognition (matching) principle: states that we must match expenses with associated revenues in the period in which the revenues were earned
Cost principle: states that virtually everything the company owns or controls (assets) must be recorded at its value at the date of acquisition
Full disclosure principle: states that a business must report any business activities that could affect what is reported on the financial statements
The Conceptual Framework
Teacher Notes: Revenue recognition is not dependent on when cash is received.
Expense recognition is not dependent on when cash is paid.
Matching is important so as not to overstate or understate income.
4
Separate entity concept: prescribes that a business may only report activities on financial statements that are specifically rela ...
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@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.
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
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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
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
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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.
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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.
2. Video Accounting course
Enroll on full version
enroll on course with lecturer's explanation
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3. Lesson 5: Learning Objectives
1 Permanent Accounts and Temporary Accounts
Applying the Rules of Debit and Credit for
2
Revenue, Expense and Withdrawals
Accounts
3 Business Transaction Analysis
4. Lesson 5 : What You'll learn
WHAT IT IS IMPORTANT WHAT IS NEEDED
UNDERSTAND
Explain the difference Use the six-step method to
between permanent accounts analyze transactions affecting
and temporary accounts. revenue, expense, and
withdrawals accounts.
List and apply the rules of
debit and credit for revenue, Temporary accounts show
expense, and withdrawals the changes in owner’s equity
accounts. during each accounting
period.
6. Summary: What Are Revenue ?
Income earned from the sale of goods or
services is called revenue.
Examples of revenue are fees earned for
services performed and cash received
from the sale of merchandise.
Revenue increases owner’s equity
because it increases the assets of the
business.
7. Summary: What Are Expenses ?
To generate revenue most businesses must also
incur expenses to buy goods, materials, and
services. An expense is the cost of products or
services used to operate a business.
Examples of business expenses are
• rent,
• utilities, and
• advertising.
Expenses decrease owner’s equity because they
decrease the assets of the business or increase
liabilities.
8. Summary :The effects of revenue and expenses are
summarized as follows:
• Revenue increases assets and increases owner’s equity.
• Expenses decrease assets and decrease owner’s equity or increase liabilities and
decrease owner’s equity.
.
9. Summary : What Is a Withdrawal ?
If a business earns revenue, the owner will take cash or
other assets from the business for personal use.
This transaction is called a withdrawal, Withdrawals and
investments have opposite effects.
A withdrawal decreases both assets and owner’s equity.
A withdrawal is not the same as an expense.
.
10. The accounts used by a business can be
separated into :
Permanent accounts Temporary accounts
Permanent accounts carry Temporary accounts accumulate
balances forward from one dollar amounts for only one
accounting period to the next. accounting period and then start
The following types of accounts each new accounting period
are permanent accounts: with a zero balance.
• assets The following types of accounts
are temporary accounts:
• liabilities
• revenue
• owner’s capital • expenses
• owner’s withdrawals
11. The temporary accounts are
At the end of that period, the transferred
balances in the temporary
accounts are transferred to the
owner’s capital account.
Remember, expenses decrease
owner’s capital.
Revenue increases owner’s capital
12. The Rules for Revenue Accounts
Rule 1: A revenue account is
increased (+) on the credit side.
Rule 2: A revenue account is
decreased (-) on the debit side.
Rule 3: The normal balance for a
revenue account is the increase
side, or the credit side.
Revenue accounts normally have
credit balances.
Revenue earned from selling
goods or services increases
owner’s capital.
13. The Rule for Revenue Recognition
Following the GAAP principle
of revenue recognition , revenue
is recorded on the date earned,
even if cash has not been
received.
14. The Rules for Expense Accounts
Rule 1: An expense account is
increased on the debit side.
Rule 2: An expense account is
decreased on the credit side.
Rule 3: The normal balance for an
expense account is the increase side,
or the debit side.
Expense accounts normally have
debit balances.
Expenses decrease owner’s
capital.
15. The Rules for the Withdrawals Account
Rule 1: The withdrawals account is
increased on the debit side.
Rule 2: The withdrawals account is
decreased on the credit side.
Rule 3: The normal balance for the
withdrawals account is the increase
side or debit side.
Withdrawals, like expenses,
decrease capital, so the rules of
debit and credit are the same as
for expense accounts.
16. Summary : Rules of Debit and Credit,
Normal Balances of Accounts
17. Summary:
Business transactions between - Balance Sheet
and Income Statement
There are four main types of
transactions between Balance and
Income Statement to be remembered:
1. - Assets + Expenses (Withdrawals)
2. + Liabilities + Expenses
3. + Assets + Revenue
4. - Liabilities + Revenue
18. Summary: 4.
Complete
BUSINESS TRANSACTION ANALYSIS entry in
T-account
Identify and Classify the
accounts affected
3.
Determine the amount of 1. Determine
Identify accounts -
increase or decrease for and
each account affected debited
Classify
credited
accounts
Determine which account
is debited and credited .
For what amount ?
2.
Complete entry in T-account Determine
accounts -
increase
decrease
19. Follow next Lesson
Thank you ! Lesson 6:
Enroll on full version Recording transactions in a
General Journal
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lecturer's explanation
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