Documente Academic
Documente Profesional
Documente Cultură
Accounting
What is Bookkeeping 1 ?
You have 10.
Your mother/father/aunt
gives you 100 because today is your birthday. You go with your friends to celebrate your birthday. You have 15 left after the celebration. How much money did you spend? In businesses, all of this would be recorded !
What is Bookkeeping 2 ?
the keeping of Accounts
the keeping of accounting
records Accounting records are kept in Books or Ledgers In businesses all transactions are recorded Book-keeping is simply keeping the records of business transactions Records are kept of all the (financial) activities
What is Bookkeeping 3 ?
record important, useful information.
accurately it is routine It is recording It is accounting for business transactions Examples of transactions: sale/purchase of goods/services every sale, etc., is shown in money
What is Accounting 1?
Providing financial information
in an organization
objectively consistently professionally conservatively valued to enable management to perform three functions recording analysis control
What is Accounting 2?
Using financial information to analyse
the performance of management of (and inside ) an organization objectively consistently professionally with reliable techniques for internal management control and comparing overall performance of the organisation with (for example) other organizations
What is Accounting 3?
Obtaining finance (capital) for
management of an organization Forecasting management/departmental/ organizational performance Checking actual performance against planned/forecasted performance Auditing claims (claimed performance) of organizations etc.
Keeping accounts:
keeps checks on customers and suppliers leads to preparation of overall, summary statements These Financial Statements are information to the business.
without documents (proof of transactions) sales, purchases, banking (payment and receipts) documents these are source documents
this documentary evidence:
tells/shows us the actual transaction shows what has happened Accounting records: show the impact of these transactions on a business show what these transactions mean to a business
future career development All managers need accounting Easier to find a job All organizations need accounting
Closely related to daily life.
Pass the professional exams Pass the professional exams with Exemptions No exemptions
Pass other management exams Pass other management exams w Exemptions ith No exemptions
Year Two
ACCN 2 Financial & Management Accounting
ACCN 4 Further Aspects of Management Accounting
Any Questions ?