Module- Financial Accounting

innovation This explanation of accounting prefatorys will introduce you to or so staple accounting cheaticle of beliefs, accounting concepts, and accounting terminology. several(prenominal) of the basic accounting ground that you will learn overwhelm revenues, expenses, assets, liabilities, income statement, agreement sheet, and statement of cash flows. You will also shoot the breeze wherefore two basic accounting principles, the revenue acknowledgement principle and the matching principle, assure that a companys income statement reports a companys profitability. Objectives: On completion of this module, students will be able to: * plow the concepts of accounting and pecuniary in holdation * Analyze financial statements * contend user requirements * gull standards to evaluate performance and control cost * Discuss the various approaches to depth psychology and interpretation * dedicate management accounting techniqu es in taxation * Apply auditing techniques.

Chapter 1 Introduction to report and Accounting Concepts Accounting is defined by the American Institute of Certified Public Accountants (AICPA) as the machination of record, 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 rendering the results thereof. Accounting has been defined as the language of parentage because it is the basic son of a bitch for recording, reporting, and evaluating economic events and transactions that regard business enterprises. Accounting processes roll all aspects of a businesss financial performance, from payroll costs, capital exp! enditures, and another(prenominal) obligations to sales revenue and owners equity. The actual recording and summarizing of financial transactions is known as bookkeeping. Accountancy is the art of communicating financial information about a business entity to users such as shareholders and managers. The communication is generally in the form of financial statements...If you necessity to get a full essay, ramble it on our website: OrderEssay.net

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