Department of Management- Principles of accounting
Financial Accounting
Accounting
financial reports
organization's management
stakeholders
income statement
Accounting as an Aid to Decision Making
ACCOUNTING PRINCIPLES
ACCOUNTING CONVENTIONS
The Balance Sheet
Balance Sheet Transactions
A guide to maximizing your business value through managing your cash flows in the best way.
Increasing the value of your business by hundreds of thousands of dollars.
Avoid common cash flow mistakes that destroy businesses.
All in 70 slides with straight forward and instantly applicable insights.
No need for reading a lengthy book or attending a long workshop.
Handbook for developing and refreshing your skills of cash management.
Department of Management- Principles of accounting
Financial Accounting
Accounting
financial reports
organization's management
stakeholders
income statement
Accounting as an Aid to Decision Making
ACCOUNTING PRINCIPLES
ACCOUNTING CONVENTIONS
The Balance Sheet
Balance Sheet Transactions
A guide to maximizing your business value through managing your cash flows in the best way.
Increasing the value of your business by hundreds of thousands of dollars.
Avoid common cash flow mistakes that destroy businesses.
All in 70 slides with straight forward and instantly applicable insights.
No need for reading a lengthy book or attending a long workshop.
Handbook for developing and refreshing your skills of cash management.
This presentation goes over effective cash flow management, strategies to manage payables/receivables, budgeting tips, and online tools. Learn the basics of cash flow management and how to prepare your business for sustainable growth.
Accounting is a process that holds a record about financial aspects in written method or bookkeeping. In other words, we can say that Accounting is a process that keeps the information about the money being exchanged in any organization or business in writing.
Learn basic accounting principles you need to successfully run your business. This deck covers the essentials, including financial statements like balance sheets, income statements, statements of cash flow, governance, and tax considerations.Taught by Brendan McCorry, Justin Vogel, and Sonal Shah of Ernst & Young
Financial accounting is the process of Accounting all incomes, expenses, assets & liabilities in monetary terms, thus enabling preparation of principal financial statements. This first lesson as a part of Financial Accounting is brought to you by Welingkar’s Distance Learning Division.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/SlideshareFaccounting
Join us on Facebook: http://www.facebook.com/welearnindia
Follow us on Twitter: https://twitter.com/WeLearnIndia
Read our latest blog at: http://welearnindia.wordpress.com
Subscribe to our Slideshare Channel: http://www.slideshare.net/welingkarDLP
This presentation goes over effective cash flow management, strategies to manage payables/receivables, budgeting tips, and online tools. Learn the basics of cash flow management and how to prepare your business for sustainable growth.
Accounting is a process that holds a record about financial aspects in written method or bookkeeping. In other words, we can say that Accounting is a process that keeps the information about the money being exchanged in any organization or business in writing.
Learn basic accounting principles you need to successfully run your business. This deck covers the essentials, including financial statements like balance sheets, income statements, statements of cash flow, governance, and tax considerations.Taught by Brendan McCorry, Justin Vogel, and Sonal Shah of Ernst & Young
Financial accounting is the process of Accounting all incomes, expenses, assets & liabilities in monetary terms, thus enabling preparation of principal financial statements. This first lesson as a part of Financial Accounting is brought to you by Welingkar’s Distance Learning Division.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/SlideshareFaccounting
Join us on Facebook: http://www.facebook.com/welearnindia
Follow us on Twitter: https://twitter.com/WeLearnIndia
Read our latest blog at: http://welearnindia.wordpress.com
Subscribe to our Slideshare Channel: http://www.slideshare.net/welingkarDLP
‘Accounting Mechanics’ shows us how Accountants collect and record accounting data for preparation of principal financial statements required by GAAP.
Learn the basics of Accounting Mechanics bought to you by Welingkar’s Distance Learning Division.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/SlideshareFaccounting
Join us on Facebook: http://www.facebook.com/welearnindia
Follow us on Twitter: https://twitter.com/WeLearnIndia
Read our latest blog at: http://welearnindia.wordpress.com
Subscribe to our Slideshare Channel: http://www.slideshare.net/welingkarDLP
78 Slides PowerPoint presentation content slides. This basic terms and concepts probably will clear up any confusion you may have had in the past. Learn about the importance of accounting, and also the basic steps and techniques used.
Introduction, Accounting as an Information System, Branches of Accounting, Meaning of Financial Accounting, Users of Accounting Information- GAAPS- Basic Concepts and Conventions- Accounting Standards issued by ICAI and IFRS issued by IASB- Manual Vs Computerized Accounting.
Unlock the potential of your small business with our latest blog, 'Small Business, Big Dreams: Simplify Your Finances with Expert Bookkeeping.' Discover essential tips and expert insights to streamline your financial management, empowering you to focus on your business goals. Take the first step towards success – simplify your finances today! Read more here https://key-cms.com/small-business-big-dreams-simplify-your-finances-with-expert-bookkeeping/
Introduction to Accounting
Theory base of Accounting
Recording of Transactions – I
Recording of Transactions – II
Bank Reconciliation Statement
Trial Balance and Rectification of errors
Depreciation, Provisions and Reserves
Bill of Exchange
Financial Statements -I
Financial Statements -II
Accounts from Incomplete Records
Application of Computers in Accounting
Computerised Accounting System
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Module 2 lesson unk accounting finance and banking
1. Module 2
Lesson ?:
Accounting,
Finance and
Banking
Accounting, Finance and Banking
Businesses in the cannabis industry, frequently deal
with a high number of transactions and operate
primarily with cash.
Establishing and following accepted and robust
accounting practices is imperative.
1
(c) 2018 STWC Holdings, Inc. All Rights Reserved
2. Module 2
Lesson ?:
Accounting,
Finance and
Banking
Accounting, Finance and Banking
What does accounting practice mean?
Accounting practice is the system of procedures and
controls that your accountant or finance officer will
use to create and record all business transactions.
2
(c) 2018 STWC Holdings, Inc. All Rights Reserved
3. Module 2
Lesson ?:
Accounting,
Finance and
Banking
Good Accounting Practices
▸Making sure that you give each of your
patients/customers a receipt for goods
purchased.
▸Paying vendor invoices on the day when they
are due.
▸Tracking and registering deposits, receipts,
sales records, loan statements and pas tax
data.
3
(c) 2018 STWC Holdings, Inc. All Rights Reserved
4. Module 2
Lesson ?:
Accounting,
Finance and
Banking
Accounting Basics
▸Balance Sheet Statements
▸Income Statements
▸Cash Flow Statements
4
(c) 2018 STWC Holdings, Inc. All Rights Reserved
5. Module 2
Lesson ?:
Accounting,
Finance and
Banking
Balance Sheet Statements
A Balance Sheet is a statement of the financial
position your business is in and includes assets,
liabilities and the owner’s equity at any point in time.
▸Assets - Assets are the items that your company
owns, outright.
▸Liabilities - Liabilities that your company may
have. These would include Loans Payable, interest
on the loan known as interest payable.
▸Equity - Equity is what is left after subtracting
your liabilities from your assets.
5
(c) 2018 STWC Holdings, Inc. All Rights Reserved
6. Module 2
Lesson ?:
Accounting,
Finance and
Banking
Income Statements
Income Statements are a common way to show
how profitable your business has been during a
specific time.
Reporting Profits-
▸Earnings
▸Expenses you took on to generate revenue
6
(c) 2018 STWC Holdings, Inc. All Rights Reserved
7. Module 2
Lesson ?:
Accounting,
Finance and
Banking
Cash Flow Statements
Cash Flow Statements track the movement of
money in and out of your business.
▸A quick way to look at where you stand with Cash
Flow is to compare all your unpaid purchases to your
total sales at the end of the month.
▸Cash Flow analysis requires you to look at your
inventory, accounts receivable, accounts payable and
credit terms.
7
(c) 2018 STWC Holdings, Inc. All Rights Reserved
8. Module 2
Lesson ?:
Accounting,
Finance and
Banking
Accounting Software
Accounting software programs help you track and
create a chart of accounts for you once your data is
entered.
As you enter your transactions, using the chart of
accounts, your software will link the two or more
accounts involved in the transaction. The software
will quickly show you debits and credits.
8
(c) 2018 STWC Holdings, Inc. All Rights Reserved
9. Module 2
Lesson ?:
Accounting,
Finance and
Banking
Summary
▸Accounting should be viewed as an internal control to
protect your company’s resources and to allow you to
easily create financial reports, which can be used for
internal projections, capital raising, and exit strategies.
This lesson is a very high-level overview of accounting
principles.
▸Accounting practice is the system of procedures and
controls that your accountant or finance officer will use to
create and record all business transactions. Accounting
practice is constant, since all business transactions should
be entered in the same way each time to produce
consistently reliable financial statements. Auditors rely on
consistent accounting practice when reviewing financial
statements.
9
(c) 2018 STWC Holdings, Inc. All Rights Reserved
10. Module 2
Lesson ?:
Accounting,
Finance and
Banking
Summary
▸Looking at accounting basics there are three main
financial statements used in business; Balance Sheets,
Income Statements, and Cash Flow Statements. Balance
Sheets list assets, liabilities and the owner’s equity at any
point in time. Income Statements are a common way to
show how profitable your business has been during a
specific time. Cash Flow statements track the movement
of money in and out of your business.
10
(c) 2018 STWC Holdings, Inc. All Rights Reserved
