Elective: Financial and Accounting Management

Slides:



Advertisements
Similar presentations
THE WORKSHEET AND THE FINANCIAL STATEMENTS
Advertisements

ACCT 2110 GENERAL LEDGER. ACCOUNTING EQUATION n Assets = Equities n Assets = Liabilities + Owner’s equity.
© PHI Learning, All rights reserved.1 Financial Accounting: A Managerial Perspective Third Edition Prepared by R. Narayanaswamy Indian Institute.
Unlocking Financial Accounting Chapter 2 Chapter 2 Recording transactions Learning summary By the end of this chapter you should know: the dual aspect.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 8-1 Recording Adjusting Entries.
MEANING  Final accounts prepared at the year consist of trading, profit & loss account and balance sheet. In order to decided as to which item will be.
AOF Principles of Accounting
Recording Adjusting and Closing Entries for a Service Business Chapter 8, Section 3.
Equity Relationships and the Balance Sheet. What do we know? We know what an expanded ledger is! We know how to show balances of new accounts on income.
Closing the Accounting Cycle
Trial Balance. Unearned Revenue Accumulated Depreciation.
Week 6.  Need to update certain general ledger accounts at the end of the fiscal period.  Reflect “internal” transactions ◦ Supplies used ◦ Prepaid.
TRANSACTIONS THAT AFFECT ASSETS, LIABILITIES AND OWNER’S CAPITAL Chapter 4.
Principles of Financial Accounting Chapter 3 Accounting Equation Assets = Liabilities + SE Stockholder’s Equity is divided into: Paid in capital Retained.
Closing Entries Closing Entries are journal entries made to close the balances in the temporary capital accounts and to transfer the net income or net.
Closing Entries The Why and the How….. Closing Temporary Accounts Income Summary Revenue Expenses We close revenue and expense accounts into a temporary.
What financial statement uses net income (or net loss) taken directly from the income statement?
CHAPTER 8 Recording Adjusting Entries and Closing Entries for a Service Business.
TRANSACTIONS THAT AFFECT REVENUE, EXPENSES AND WITHDRAWALS Chapter 5.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 6-3 Extending Financial Statement Information on a Work Sheet.
Recording and Adjusting Closing Entries. 2LESSON 8-1 ADJUSTING ENTRY FOR SUPPLIES 1 2 page Write the title of the account credited. Record the.
Accounting Theory.  Accounting Period Cycle ◦ Preparing financial statements at the end of each fiscal period  Adjusting Entries ◦ Journal entries recorded.
The Six-Column Work Sheet
ADJUSTED TRIAL BALANCE
The Six-Column Worksheet
The Purpose of Accounting Assignment One. Introduction.
The Six-Column Work Sheet Making Accounting Relevant The ability to organize information is an important skill. In your work, you’ll be asked to present.
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 8-3 Preparing a Post-Closing Trial Balance.
Preparing Closing Entries and a Post-Closing Trial Balance
Overall Overall – Definitions in Blue throughout the 3 chapters (i.e. the definitions for Block 1 that were the basis for the definitions quiz – about.
Extending Financial Statement Information on a Work Sheet
LESSON 6-2 Planning Adjusting Entries on a Work Sheet
The Six-Column Work Sheet
LESSON 8-1 Recording Adjusting Entries
LESSON 8-1 Recording Adjusting Entries
Chapter 6 Work Sheet for a Service Business
Accounting I Chapter 9 – Recording Adjusting & Closing Entries for a Service Business.
Recording Adjusting and Closing Entries for a Service Business
Recording Adjusting and Closing Entries
Post-Closing Trial Balance
© 2014 Cengage Learning. All Rights Reserved.
Elective: Financial and Accounting Management
Elective: Financial and Accounting Management
Elective: Financial and Accounting Management
Elective: Financial and Accounting Management
Elective: Financial and Accounting Management
Elective: Financial and Accounting Management
Elective: Financial and Accounting Management
Elective: Financial and Accounting Management
Elective: Financial and Accounting Management
Financial Statements for a Proprietorship
Appendix A: Comprehensive Review Problem
POST-CLOSING TRIAL BALANCE
عمادة التعلم الإلكتروني والتعليم عن بعد
Financial Statements Review
Every “T” Account has: An Increase Side, and A Decrease Side
The Six Column Work Sheet
Chapter 10 Closing Entries.
BUSINESS HIGH SCHOOL-ACCOUNTING I
LESSON 8-1 Recording Adjusting Entries
BUSINESS HIGH SCHOOL-ACCOUNTING I
Extending Financial Statement Information on a Work Sheet
Recording Adjusting and Closing Entries
LESSON 6-3 Extending Financial Statement Information on a Work Sheet
Extending Financial Statement Information on a Work Sheet
LESSON 8-1 5/22/2019 CHAPTER 8 Recording Adjusting Entries and Closing Entries for a Service Business.
LESSON 8-1 Recording Adjusting Entries
Extending Financial Statement Information on a Work Sheet
Budget Journal Entries
Extending Financial Statement Information on a Work Sheet
Presentation transcript:

Elective: Financial and Accounting Management

Elective: Financial and Accounting Management (Part -1) Q1.Explain the relationship of accounting with other disciplines. Q2.Describe the different systems of book-keeping and system of accounting. Q3.Explain the rules of debit and credit applicable to different types of business transactions. Q4.Describe the meaning and the objects of preparing a trial balance.

Q5.Explain the importance of identifying income or expenditure as capital or revenue. Q6.Explain the meaning of accounting principles.

Feedback: Privacy Policy Feedback
Do Not Sell My Personal Information
About project: SlidePlayer Terms of Service

© 2025 SlidePlayer.com. Inc. All rights reserved.