Tuesday 19 November 2013

What are the Introduction to Accounting ?

Accountancy is the process of communicating financial information about a business entity to users such as shareholders and managers (Elliot, Barry & Elliot, Jamie: Financial accounting and reporting).
Accounting has been defined as:

the art of recording, classifying, and summarizing in a significant manner and in terms of money, transactions and events which are, in part at least, of financial character, and interpreting the results thereof.(AICPA).

                                                    Financial Statement

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                                                       Income Statement

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                                                            Balance Sheet

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                                           Purpose of Financial Statement

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                                      Relationship between Financial Statements

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                                              Types of Accounting


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                                                 Users of Accounting Informations


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1 comment:

  1. Traditional invoice processes are long winded and prone to mistakes and there’s always the risk of invoices being lost in the mail. You can improve your accounting by switching to push electronic invoicing instead. This involves sending all invoices to all customers via email. studio commercialista

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