Accounting & Financial Statements
What is Financial Accounting, Objectives of Accounting, Limitations of Accounting, Role of Accounting. Differences between Accounting and Book-Keeping, Objectives of Accounting.
Learning how to properly prepare financial statements is important for all companies, whether small business or big business...
Basic accounting principles; The basic accounting principles are Duality, Revenue Recognition Principle, Historical Cost Principle, Matching Principle, Full Disclosure Principle and Objectivity.
Use of Accounting; Meaning of Accounting, Definition of Accounting and Characteristics of the Accounting. American Accounting Association definition of Accounting.
The modern technology has enabled the accounting department in Eliminating the redundancy, Reducing the number of people involved in processing of transaction by removing the unnecessary control points, etc
The trial balance is prepared to check the arithmetical accuracy of accounts. If the trial balance does not tally, it implies that there are arithmetical errors in the accounts which require location, detection and...
Characteristics of Accounting Information System. Accounting information must possess the characteristic of reliability, relevance, understand-ability and comparability. Accounting Articles
Financial accounting deals with recording and analysis of financial results of transactions as a means of arriving at a measure of organization's success and financial soundness.
Management Accounting sets the directions of the company via cost control measures. It seeks to maximize the use of company resources through competent methods in decision making processes.
What accounting is, why it is important, and its uses.
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