Discover the language of business with accounting principles, functions, and history. Learn the importance of accounting in various economic activities. Explore the role of accounting in tracking finances and making informed decisions for business sustainability.

2 views • 140 slides

Leaving Certificate Accounting is a vital business studies option that equips students with financial analysis skills. Covering topics like Financial Statements, Budgeting, and Management Accounting, this course offers a foundation for a successful career in accounting. With a breakdown of grades an

7 views • 9 slides

Partnership final account in the case of admission of a partner in a firm involves dividing the accounting year into two periods, determining expenses and incomes, and sharing profits accordingly. Different methods like Fixed capital method and Fluctuation capital method are used for this purpose. T

0 views • 12 slides

Not-for-profit organizations, such as educational institutions, public hospitals, and charitable trusts, operate with the main objective of providing services rather than making profits. These organizations rely on various sources of funding like contributions, donations, and grants. Accounting for

4 views • 4 slides

Behavioral accounting is a system aimed at providing financial information for decision-making in business operations. It focuses on the behavior and motivations of individuals involved in accounting systems, catering to both internal and external users for performance evaluation and investment deci

8 views • 104 slides

Explore the evolution of accounting practices from ancient times to modern standards, including the role of Luca Pacioli, industrial revolution impacts, and the establishment of accounting standards by ICAI in India. Discover the basic principles of Generally Accepted Accounting Principles (GAAP) an

1 views • 29 slides

Accounting encompasses recording, classifying, and summarizing business transactions, while financial accounting focuses on interpreting financial data for determining profits. Cost accounting involves tracking expenses for product cost determination, and management accounting provides data for deci

7 views • 16 slides

Navigating the accounting talent market can be challenging, but partnering with an accounting recruitment agency simplifies the process. These agencies offer access to a broad talent pool, expert screening, and industry insights, ensuring you find the best candidates. Their specialized services save

0 views • 8 slides

Discover streamlined financial management with StartupFino expert Accounting Services in India. From Online Accounting to Bookkeeping, we offer tailored solutions for your needs. Trust us for Best Online Accounting Services and Bookkeeping Services in India, ensuring hassle-free financial management

1 views • 1 slides

Explore the importance of discussing attendance accounting basics for California Community Colleges, especially in transitioning to a new academic calendar structure. Discover how scheduling guidelines are influenced by attendance accounting principles and regulations provided by the state. Uncover

5 views • 46 slides

Accounting ratios play a crucial role in assessing a firm's efficiency and profitability, especially during reconstitution due to partner admission in a partnership. New profit-sharing ratios and sacrificing ratios are key factors that need to be determined in the process. This involves adjusting pr

0 views • 10 slides

Explore the key concepts of finance for non-financial managers in the non-profit sector. Learn about cost benefit analysis, measures of project worthiness, and essential financial tools such as NPV, IRR, and ROI. Understand how to assess project risks and make informed financial decisions to enhance

0 views • 47 slides

This e-learning programme covers the use of accounting information in profit and not-for-profit trading organizations. It explains the meaning of business, types of business firms, economic events, and the definition of accounting. The content also discusses the American Accounting Association's def

5 views • 14 slides

This overview delves into topics such as financial accounting, classification of accounts, cost ascertainment, and management accounting. It covers the meaning of cost, methods and techniques of costing, advantages and limitations of cost accounting systems, and essentials for a robust cost accounti

4 views • 27 slides

Book-keeping is the systematic recording of business transactions while accounting involves analysis, interpretation, and communication of financial information. Book-keeping is clerical and routine, done by bookkeepers, while accounting is analytical and requires specialized knowledge, handled by a

3 views • 7 slides

Profit and Loss Account is a crucial financial statement prepared to determine the net profit or loss of a business during a specific accounting period. It involves transferring gross profit or loss from the trading account, recording indirect expenses, including administrative and selling costs, an

0 views • 9 slides

Explore the topic of profit and loss in Mathematics Class V through learning objectives, worksheets, videos, and explanations of cost price, selling price, profit, and loss. Practice solving real-world problems related to profit and loss to enhance your understanding. Embrace the concept that "Work

0 views • 29 slides

Non-trading organizations do not aim to profit and provide services without engaging in commercial transactions. Their income sources include donations and grants. Management is handled by committees, and accounting involves principles of double-entry bookkeeping for financial reporting. The main ob

0 views • 8 slides

Valuation and accounting for unsold stock in consignment transactions is crucial for determining true profit or loss. The cost of consigned goods plus proportionate expenses must be considered. Recurring and non-recurring expenses play a significant role in valuing closing stock. The value of unsold

1 views • 10 slides

This educational material covers Chapter 3 of the Financial Accounting IFRS 3rd Edition by Weygandt, Kimmel, and Kieso. It delves into topics such as adjusting the accounts, time period assumption, accrual basis of accounting, fiscal and calendar years, accrual versus cash-basis accounting, and more

0 views • 20 slides

Condon O'Meara McGinty & Donnelly LLP discusses current accounting issues impacting private clubs, including ASU 2016-14 on not-for-profit financial statements, ASC 606 revenue recognition, ASC 842 on accounting for leases, and ASC 715 on compensation retirement benefits. The presentation covers rea

0 views • 49 slides

Net profit, also known as the bottom line, is a crucial indicator of a business's financial performance. It is calculated by deducting total expenses from gross profit. In the provided example for Frying Tonite, the net profit is $30,110 after subtracting expenses of $38,590 from a gross profit of $

0 views • 11 slides

Management accounting involves planning, organizing, and controlling human efforts to achieve organizational goals, while cost accounting focuses on determining the cost of products and services. The objective of cost accounting includes cost analysis, reduction, and decision-making support.

0 views • 33 slides

This diagnostic tool focuses on cash, modified cash, and accrual basis accounting for Non-Profit Organizations (NPOs) and funders. It explains the impact of accounting basis decisions and how to utilize the tool effectively. Designed for NPOs and funders, it helps in understanding, negotiating, and

0 views • 39 slides

Explore valuable insights and strategies shared by Khaled Hussainey, a Professor of Accounting & Financial Management, University of Portsmouth, UK. Gain knowledge on structuring literature reviews, identifying research gaps, developing hypotheses, and conducting systematic literature reviews. Disco

0 views • 66 slides

Musharakah is a partnership established through mutual consent for profit and loss sharing in joint ventures. Partners must be capable and enter into contracts freely. There are guidelines on profit distribution, non-working partners, capital contributions, and asset ownership in Musharakah. Avoid f

0 views • 17 slides

Delve into the fundamental disparities between non-profit and for-profit financial statements, exploring key indicators, such as balance sheets, assets, liabilities, and net assets. Discover the distinct financial structures and reporting methods that differentiate non-profit organizations from thei

0 views • 16 slides

Cost accounting is a specialized branch of accounting that involves the accumulation, assignment, and control of costs. It encompasses techniques like ascertainment of costs, estimation of costs, and cost control to aid in decision-making. Cost accounting plays a crucial role in budgeting, standard

2 views • 11 slides

Delve into the essential concepts of financial accounting, such as assets, owner's equity, capital, liabilities, expenses, and income. Explore accounting theory, principles, forms of ownership, and the importance of source documents in recording transactions. Discover the role of the profit motive i

0 views • 48 slides

An accounting system plays a crucial role in providing information about a business's profitability. For sole traders, preparing a Trading and Profit and Loss Account along with a Balance Sheet helps depict the financial status. The process of finalizing accounts involves steps like Trading Account,

0 views • 8 slides

Cost-Volume-Profit (CVP) analysis is a crucial technique for businesses to assess the impact of changes in sales volume on costs, revenue, and profit. It helps in determining break-even points, planning future operations, and guiding strategic decisions under uncertain conditions. Understanding cost

0 views • 34 slides

Information systems play a crucial role in modern business operations, particularly in accounting. This course covers topics such as setting up accounts, using software like Sage, and analyzing financial data. Computer-based accounting offers advantages such as accuracy and speed, but also comes wit

0 views • 31 slides

Delve into the nuances of central government accounting practices and reforms in emerging economies, focusing on Nepal. The study explores why key stakeholders resist externally-driven changes, investigates the unintended consequences of reforms, and highlights the role of organizational actors in s

0 views • 21 slides

Explore the fundamentals of industrial costing, including different cost types and accounting systems such as actual cost accounting, normal cost accounting, and standard cost accounting. Learn about cost data control, tasks of cost accounting, and the integration of cost type accounting in cost and

0 views • 24 slides

Cost is the expenditure on goods or services, including opportunity cost. It can be explicit or implicit. Measuring opportunity cost involves factors of production and sacrifices. Economic profit considers opportunity cost while accounting profit does not. Production in the short run depends on inpu

0 views • 53 slides

Historic accounting practices for housing properties in the social housing sector underwent significant changes prior to and after the accounting period ending 1997/1998. Initially, all property assets were capitalized including major repair expenditure. However, a shift occurred leading to the remo

0 views • 44 slides

The prevalence of for-profit child care centers in Canada is on the rise, with about 29% of center spaces dedicated to for-profit services in 2021. Ontario's childcare landscape shows a significant presence of both non-profit and for-profit multi-site groups. International examples from countries li

0 views • 13 slides

Tracing the intellectual origins in accounting reveals the roots and influences behind current theories and practices. This process involves connecting the dots across decades to understand the intellectual baggage inherited from the past. Different streams of thought in US accounting literature, st

0 views • 41 slides

Introduction to accounting standards for non-corporate entities such as partnerships, LLPs, trusts, and nonprofits. Explanation of the applicability of accounting standards based on business size and the classification of Level I, II, III, and IV entities by ICAI. Details of the ICAI announcement da

0 views • 14 slides

Learn the basics of non-profit accounting, including what defines a non-profit organization, common types of non-profits, governance structures, and legal responsibilities. Discover key insights on IRS and state requirements for non-profits in this informative presentation by Jessica Sayles, CPA fro

0 views • 55 slides