Accounting, also known as accountancy, is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. Accounting, which has been called the "language of business", measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. The terms "accounting" and "financial reporting" are often used as synonyms.
Accounting can be divided into several fields including financial accounting, management accounting, tax accounting and cost accounting. Financial accounting focuses on the reporting of an organization's financial information, including the preparation of financial statements, to the external users of the information, such as investors, regulators and suppliers; and management accounting focuses on the measurement, analysis and reporting of information for internal use by management. The recording of financial transactions, so that summaries of the financials may be presented in financial reports, is known as bookkeeping, of which double-entry bookkeeping is the most common system. Accounting information systems are designed to support accounting functions and related activities.
Accounting has existed in various forms and levels of sophistication throughout human history. The double-entry accounting system in use today was developed in medieval Europe, particularly in Venice, and is usually attributed to the Italian mathematician and Franciscan friar Luca Pacioli. Today, accounting is facilitated by accounting organizations such as standard-setters, accounting firms and professional bodies. Financial statements are usually audited by accounting firms, and are prepared in accordance with generally accepted accounting principles (GAAP). GAAP is set by various standard-setting organizations such as the Financial Accounting Standards Board (FASB) in the United States and the Financial Reporting Council in the United Kingdom. As of 2012, "all major economies" have plans to converge towards or adopt the International Financial Reporting Standards (IFRS).
Meron pong konting business kaming mag-asawa, meron kaming binibentang furnitures na need lang po mag downpayment ng 25% of the amount then for ammortization na ang balance. Need ko po sana ng simple accounting system for this po para sa proper recording. Sana po may makatulong. Thank you po in...
What you will learn:
✅How to enter transactions into an accounting system using Excel
✅How to create reports for the current month and for the year to date
✅How to enter transactions into a general journal
✅How to post transactions to a general ledger
✅How to create a trial balance for the...
Learn How to Create an Accounting Worksheet Using Microsoft Excel from a Certified Public Accountant (CPA)
What you will learn:
✅ How to navigate Microsoft Excel or other computerized spreadsheet like Google Sheets
✅How to create an accounting system in Excel from a blank worksheet including a...
Questions 37 through 39 are based on the following information.The condensed balance sheet as of December 31, 1982 of MASBATE INC. is given below. Figuresshown by a question mark (?) may be computed from the additional information given:ASSETS LIAB. & STOCKHOLDERS’ EQUITYCash P 60,000 Accounts...
Indicate the effects of each of the following transactions on the following ratios. There are three
possible answers: increase (+), decrease (-), and no effect (0). Before each transaction occurs, the
current ratio is greater than 1 to 1, and the acid-test ratio is less than 1 to 1.
Current...
PROBLEMS
1. The net sales of NCR CORP. in 1990 is total, P580,600. The cost of goods manufactured is P480,000.
The beginning inventories of goods in process and finished goods are P82,000 and P65,000,
respectively. The ending inventories are, goods in process, P75,000, finished goods, P55,000...
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Grab na guys habang available pa. just please hit like button for more useful sharing. thanks
Hidden content
*Take note that this is limited time only guys. Enjoy 😊
Data model and entity relationship diagram for accounting, double entry book keeping, chart of accounts, journal, journal entries, trial balance, general ledger, transaction, bank transactions, savings, expense, stocks, crypto currency, investments, type of accounts, financial statements...
Mga master baka meron kayong alam na ganitong books
"financial accounting and reporting for service providers and merchandisers" (accounting process 29th Edition)
Willing to buy po if meron kayo
This course includes:
7 hours on-demand video
Access on mobile and TV
Full lifetime access
Certificate of completion
What you'll learn
Learn concepts relating to income statements such as fiscal year and calendar year, the format of the income statement, profit margin calculations
Learn...
Basic Accounting For Non-Accountants
Learning accounting is a must for everyone in business. It is not enough to rely on an accountant since it is you who will bear the greatest liability in case there is a problem. You must know at least enough to see if there are gross errors in your...
Financial Accounting Fundamentals II 2023
Size: 263MB
Understand the accounting for a merchandise company.
What you'll learn
Learn accounting for a merchandise company
Know how to prepare financial statements
Know the purchase journal entries for a merchandiser
Know the sales journal entries for...
Hi! Meron po bang accountant dito? Pede bang magpatulong? Ayaw kasing magbalance ng balance sheet. Gumagawa kasi ako ng 3-statement model, nagloloop lang ako. Possible na mali yung understanding ko sa long-term, short-term debt and repayment. Thank you!
1. Are accounting journal entries made at the end of the accounting period.
2. Enable you to adjust revenues and expenses to the accounting period within which they occurred.
PREVIEW DETAILS:
Accounts that require basic accounting adjusting entries:
a. Accrued revenues
b. Accrued expenses
c...
I customized accounting software to helps your business easily manage. It is easy to use no need training required and a user-friendly environment software. Easy to familiarize the modules and functions of the software.
System Features:
1. Check Voucher Entry
a. Print Voucher
b. Print...
Sino dito nakatry gumamit ng Quickbooks Online and yung iba pa na accounting system? Quickbooks Desktop (craked hehe) lang kasi gamit ko. Need ko gumamit ng legit na accounting system kasi medyo dumadami na ang clients ko and need ko ng cloudbased na system. Para kahit di ko dala yung computer...
Hello po baka may mga soft copy po kayo ng mga to:
Financial accounting and reporting fundamentals 3rd edition by zeus vernon millan
Financial accounting and reporting by Florencio Reyno and David Wagner Reyno
Financial accounting and reporting by Brian Christian Villaluz and Michael Steve...