What is Financial Accounting, Objectives of Accounting, Limitations of Accounting, Role of Accounting. Differences between Accounting and Book-Keeping, Objectives of Accounting.
Basic Terms used in Accounting, basic accounting terms, Profit and Loss Statement, Balance Sheet. Accounting Equation, Assets, Liabilities, Capital, Sales. Expenses and Revenues. Expenditure. Loss, Income and Profit,...
Financial statements analysis is an essential tool to the company since it ensures that it adheres to accounting standards by providing accounting regulatory agencies with an understanding regarding whether the company...
Accounting Assumptions in Accounting; Accounting entity Assumptions, Money measurement Assumptions, Going concern Assumptions and Accounting period Assumptions.
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
Characteristics of Accounting Information System. Accounting information must possess the characteristic of reliability, relevance, understand-ability and comparability. Accounting Articles
To ensure that financial statements are meaningful and useful to users, there are four primary attributes that they must possess. The four attributes are: understandability, relevance, reliability and comparability.
Use of Accounting; Meaning of Accounting, Definition of Accounting and Characteristics of the Accounting. American Accounting Association definition of Accounting.
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.
Analysis and interpretation of financial statements are an attempt to determine the significance and meaning of the financial statement data. so that a forecast can be made of the prospects for future earnings ability...