Here are some basics of accounting like its definition, steps involved in it, book-keeping, objectives of accounting, functions and limitations of accounting for the beginners.
It is been tried to explain all these things in a quite easy manner.
Hope that it matches what you were looking for.
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.
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.
The owners or the management may desire to ascertain the trading results of each department and the overall result of the organization. The method of accounting which is followed to obtain such results is known as departmental accounting.
It's a good presentation for those students who just started to learn accounting.
Basic theory of accounting must be clear, and there for here I have uploaded this presentation.
Cost Accounting-
-Meaning of Cost Accounting
-Scope of Cost Accounting
-Nature of Cost Accounting
-Relationship b/w Financial Accounting & Cost Accounting
-Cost Accounting v/s Management Accounting
-Objectives of cost accounting
-Function of cost accountant
-Essentials of cost accounting
-Advantages of cost accounting
-Limitations of cost accounting
-Role of cost in cost accounting
-Cost Unit & Cost Centre
-Cost Techniques
-Costing Systems
-Costing Methods
-Cost Classification
-Components of total cost
-Cost Sheet.
This presentation talks about Meaning, of accounting, distinction between book keeping and accounting, Branches of accounting, Objectives of accounting, Uses and users of accounting information, Advantages of Accounting, Is accounting a science or an art, double entry system of financial accounting, limitations of financial accounting, important terms, journal entry, accounting concepts and conventions
Management Accounting - Meaning, Definition, Characteristics, Scope, Objectiv...RajaKrishnan M
Meaning Definition Characteristics Scope Objectives and Function Financial accounting and Management accounting - Management accounting and Cost accounting - Cost accounting and Management accounting and Financial accounting - Tools and Technics- Advantages and limitations
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
The owners or the management may desire to ascertain the trading results of each department and the overall result of the organization. The method of accounting which is followed to obtain such results is known as departmental accounting.
It's a good presentation for those students who just started to learn accounting.
Basic theory of accounting must be clear, and there for here I have uploaded this presentation.
Cost Accounting-
-Meaning of Cost Accounting
-Scope of Cost Accounting
-Nature of Cost Accounting
-Relationship b/w Financial Accounting & Cost Accounting
-Cost Accounting v/s Management Accounting
-Objectives of cost accounting
-Function of cost accountant
-Essentials of cost accounting
-Advantages of cost accounting
-Limitations of cost accounting
-Role of cost in cost accounting
-Cost Unit & Cost Centre
-Cost Techniques
-Costing Systems
-Costing Methods
-Cost Classification
-Components of total cost
-Cost Sheet.
This presentation talks about Meaning, of accounting, distinction between book keeping and accounting, Branches of accounting, Objectives of accounting, Uses and users of accounting information, Advantages of Accounting, Is accounting a science or an art, double entry system of financial accounting, limitations of financial accounting, important terms, journal entry, accounting concepts and conventions
Management Accounting - Meaning, Definition, Characteristics, Scope, Objectiv...RajaKrishnan M
Meaning Definition Characteristics Scope Objectives and Function Financial accounting and Management accounting - Management accounting and Cost accounting - Cost accounting and Management accounting and Financial accounting - Tools and Technics- Advantages and limitations
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
Financial accounting Meaning . This is useful for, BCOM,MCOM,CA,CS,CMA STUDENTSBibek Prajapati
Financial accounting is a specialized branch of accounting that keeps track of a company's financial transactions. Using standardized guidelines, the transactions are recorded, summarized, and presented in a financial report or financial statement such as an income statement or a balance sheet.
This is useful for, BCOM,MCOM,CA,CS,CMA STUDENTS
Finance for non finance for employee, business man and corporatete Bibek Prajapati
The ability to effectively read financial reports and data is crucial to the
processes of day-to-day management, strategic planning and
decision-making in any firm.
-The proper understanding of the various
financial concepts and instruments and their implications to the firm’s
health and performance in the market place are indispensable for
managers who typically come from various functions within the firm.
-The comprehensive program of Finance for Non-Finance Managers
has been carefully designed to meet the needs of executives and
managers who come from nonfinancial backgrounds across the
corporate landscape.
-The two-staged program provides theparticipants with a comprehensive understanding of key financial principles and practices and empowers them with the tools to effectively interpret and use financial data in the decision-making process in their respective functions of sales, marketing or planning.
Meaning/ WHY
Benefits
Key Personal Responsibility
Type of business
Financial planning
Three principle of corporate Finance
Why Financial Accounting
Fundamentals of Financial Accounting
Procedural Aspects of Accounting
Objectives of accounting
Function of Accounting
Accounting – Classification
Difference between Management Accounting and Financial Accounting
Bookkeeping &Process of accounting
Steps/Phases of Accounting Cycle
User of accounting Information
BASIC ACCOUNTING TERMS
Types of Accounts
Accounting Equation
ACCRUAL BASIS AND CASH BASIS OF ACCOUNTING
CAPITAL AND REVENUE TRANSACTIONS
Cost Accounting meaning , objective
ROLE OF A COST ACCOUNTANT IN A MANUFACTURING ORGANISATION
COST CONCEPT, TYPES AND CLASSIFICATION
Cost centre and cost unit
ELEMENTS OF COST
CLASSIFICATION OF COST
TYPES / TECHNIQUES OF COSTING
METHODS OF COSTING & THEIR APPLICABILITY
COGS, INVENTRY
Capacity
Budget
Corporate objective
Cost control and variance
Standard costing
Cash flow statement
Annual Report
Ratio analysisis
Capital Budgeting
Risk and Return
Regulators
Constitutional Aspects of Taxation by the Union and States
Financial Relations between the
Union and the States
Indirect Taxes : Union and the States
Taxation by the Union and the States
REVENUE ADMINISTRATION
Gst
Existing Indirect Tax System
ACTIVE INTERFACE WITH IT SYSTEMS
INCOME TAX LAW : AN INTRODUCTION
Income-tax Act
The Finance Act
CONCEPT OF INCOME
Stapes of TOTAL INCOME AND TAX PAYABLE
Deductions from Gross Total Income
RETURN OF INCOME
National income and some related aggregates are being provided in a way easy to understand covering the following topics:
1. Transfer Income and Factor Income
2. Normal Residents and Non-residents
3. Domestic Territory
4. Domestic Income and National Income
5. Market Price and Factor Cost
6. Nominal GDP and Real GDP
7. GDP Deflator
Thank you.
Accoutning concepts, principles and conventionsgherryta
Here are provided some details of following concepts, principles and conventions of accounting:
1. Entity Concept
2. Money Measurement Concept
3. Periodicity Concept
4. Accrual Concept
5. Matching Concept
6. Going on Concern Concept
7. Cost Concept
8. Principle of Prudence
9. Realization Concept
10. Dual aspect Concept
11. Consistency
12. Materiality
Hope, basic of these concepts is easy to understand.
Thanking you
Some basic information about depreciation is given with its features, some methods of its calculation of depreciation with examples are provided.
I tried my best to explain this much to you.
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.
Honest Reviews of Tim Han LMA Course Program.pptxtimhan337
Personal development courses are widely available today, with each one promising life-changing outcomes. Tim Han’s Life Mastery Achievers (LMA) Course has drawn a lot of interest. In addition to offering my frank assessment of Success Insider’s LMA Course, this piece examines the course’s effects via a variety of Tim Han LMA course reviews and Success Insider comments.
Biological screening of herbal drugs: Introduction and Need for
Phyto-Pharmacological Screening, New Strategies for evaluating
Natural Products, In vitro evaluation techniques for Antioxidants, Antimicrobial and Anticancer drugs. In vivo evaluation techniques
for Anti-inflammatory, Antiulcer, Anticancer, Wound healing, Antidiabetic, Hepatoprotective, Cardio protective, Diuretics and
Antifertility, Toxicity studies as per OECD guidelines
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
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It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
Acetabularia Information For Class 9 .docxvaibhavrinwa19
Acetabularia acetabulum is a single-celled green alga that in its vegetative state is morphologically differentiated into a basal rhizoid and an axially elongated stalk, which bears whorls of branching hairs. The single diploid nucleus resides in the rhizoid.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
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2. 1. ACCOUNTING
Accounting is an art of identifying,
recording, classifying, summarizing the
transactions which are of financial
nature then analyzing, interpreting, and
communicating the results there of.
It’s also called as ‘language of business.’
3. 2. STEPS INVOLVED IN ACCOUNTING
Some Steps in accounting are as follows:
(i) Identification of financial transactions
(ii) Recording
(iii) Classifying
(iv) Summarizing
(v) Analyzing
(vi) Interpreting
(vii) Communicating
4. 2. Steps in Accounting: Explanation
(i) Identification: Before anything, first step of
accounting is to identify whether the transaction is of
financial nature or not. It means, only those
transactions which can be measured in terms of
money are further recorded in books.
(ii) Recording: This is a basic function of accounting. All
the financial transactions are now recorded in books of
accounts i.e. journal books like purchase book, sales
book, purchase return book, sales return book, etc.
5. 2. Steps in Accounting: Explanation
(iii) Classifying: It is concerned with the systematic
analysis of the recorded data. Here, the transactions
which are of same nature are put at one place in a
small and easy to carry manner. This book containing
classified information is called a ledger.
Example: Salaries to different employees are paid on
different different dates and are recorded in journal book at
different places also but now we want to know the total
amount of salaries paid till date so for easy access to this
information, salaries account (ledger A/C) is prepared.
6. 2. steps in accounting: Explanation
(iv) Summarizing: Here, data is presented in such a
manner that is useful to internal as well as external
users of financial statements. This process leads to
preparation of financial statements :
(a) Trial Balance
(b) Profit and Loss Account
(c) Balance Sheet
(d) Cash Flow Statement
7. 2. Steps in accounting: Explanation
(v) Analyzing: It means methodical classification of the
data given in financial statements. These figures in
financial statements are to be in a simplified form. Eg:All
current assets at one place and all fixed assets at one
place.
(vi) Interpreting: It is simply concerned with explaining
the meaning and significance of the relationship as
established by the analysis of accounting data which
helps in decision-making about financial condition and
profitability of the business.
8. 2. Steps in accounting: Explanation
(vii) Communicating: It is concerned with revealing
the accounting information presented in financial
statements to the different stakeholders of the
business that will help them in making rational
decisions then.
9. 3. DIFFERENCE BETWEEN A
TRANSACTION AND EVENT
TRANSACTION
• Transaction simply
refers to performance
of an act in a business.
• Example: Sale of
goods.
EVENT
• Event refers to the
result of all the
transactions.
• Example: Closing
stock
10. 4. BOOK KEEPING
Book keeping is an activity concerned with the
recording of financial data relating to business
operations in a significant and orderly manner.
It is basically concerned with:
• Identification of financial transaction
• Measuring their monetary value
• Recording
• Classifying
11. DIFFERENCE BETWEEN BOOK-KEEPING AND
ACCOUNTING
BOOK-KEEPING
• It includes identification,
measurement of financial
transactions in terms of
money, recording and
classifying
• It is a primary stage.
• It is clerical in nature.
• There is no decision making.
ACCOUNTING
• It in addition to book-keeping
includes summarizing
transactions, analyzing,
interpreting and communicating
results .
• It is a secondary stage. It starts
where book-keeping ends.
• It is analytic in nature.
• It further leads in decision
making.
12. 5. OBJECTIVES OF ACCOUNTING
(i) Recording of Transactions: Basic objective of accounting is
to systematically record the financial aspects of business
transactions i.e. book keeping. These recorded transactions
are later on classified and summarized logically for
preparation of financial statements for analysis and
interpretation.
(ii) Ascertaining result of financial transactions: Profit and loss
A/C is prepared by accountant to know the result of
business operations for a particular period of time. It is
ascertained whether the business is profitably or under loss.
13. 5. OBJECTIVES OF ACCOUNTING
(iii) Ascertaining Financial Position of Business: Businessman is
not only interested in knowing the result of business(Profit
and Loss) but also wants to know the financial position of
business i.e. how much he owes to someone (liability) and
how much he owns (assets). For this purpose, Balance Sheet
is prepared that helps in ascertaining financial health of
business.
(iv) Communicating the Financial Results to Different Users:
Accounting as a language of business communicates the
financial results to various stakeholders as per their needs.
14. 6. FUNCTIONS OF ACCOUNTING
Measurement: Accounting measures past performances
of the business and depicts its current financial position.
Decision making: Accounting provides the needed
information be stakeholders to them and help in rational
decision making.
Control: Accounting helps in making analysis and decision
making in order to have a better control on various
aspects of a business.
Forecasting: Accounting helps in forecasting future
performances and financial position using past data and
current working of business.
15. 7. LIMITATIONS OF ACCOUNTING
• Non-Financial Transactions: Accounting only record
those transactions which are of financial nature and do
not record non-monetary transactions even when they
are of great importance to business and affect it.
Example: Inflation.
• Dynamic business Environment: Today’s business
environment is extremely dynamic so it is very difficult
to maintain accounts in this fast changing business
environment.
16. 7. LIMITATION OS ACCOUNTING
• Personal Judgment: Accountant has to exercise
their personal judgment in respect of various
items. For Example: It is difficult to ascertain the
actual useful life of an asset which is needed
while calculating depreciation. Here, different
persons give different opinions which results in
ascertainment of different figures of profit or
loss.