Ingenieria

Solo disponible en BuenasTareas
  • Páginas : 30 (7472 palabras )
  • Descarga(s) : 0
  • Publicado : 26 de septiembre de 2010
Leer documento completo
Vista previa del texto
UNIT 1
Accounting: Introduction
Accounting plays an important role in our daily lives, helping people keep track of their revenue and expenses.
It also plays an important role in helping business organizations gain more profit. With the help of accounting, organizations can record and manage information to achieve profitable results.
The accounting system has undergone many modificationsbased on political, cultural, and economic changes. It provides an authentic record of business transactions and is considered the definite proof for any authority.
Accounting: Overview
Financial accounting is used primarily for discovering the cyclical (usually one year) results of a business. These results help determine the future course of action for the long term.
In economic terms, financialaccounting treats money as a factor of production.
Accounting: Course Description
This course focuses on the fundamental accounting concepts as laid out by Generally Accepted Accounting Principles (GAAP). It also concentrates on sole trading and partnership accounts.
Through the course, you will be able to understand how sole traders both maintain and present their financial records tohighlight the financial strength of the business.
You will also learn how to prepare and read the statement of Cash Flow and use it to extract meaningful information about a company’s financial position.
Here is a list of some of the topics covered in this course. 
* The accounting equation
* The double entry system
* The rule of debits and credits
* The matching concept
*Assets, liabilities, and owner’s equity accounts
* The accounting cycle Identifying and analyzing transactions
* Source of documents
* T Accounts
* Journalizing
* Posting transactions to a ledger
* Adjusting entries and closing entries
* Financial statements
* Post-closing trial balance
* Bank reconciliation
* Petty cash
* Ratio analysis
* Theaccounting cycle in a merchandising corporation
* Special journals: sales, cash receipts, purchases, and cash payments
* Financial statements for a corporation
* Accounting for publicly held corporations
* Cash funds
* Inventories
* Notes payable and receivable
* Partnerships
* Liquidation of a partnership
* Ethics in AccountingThe accounting cycle in amerchandising corporation
* Special journals: sales, cash receipts, purchases, and cash payments
* Financial statements for a corporation
* Accounting for publicly held corporations
* Cash funds
* Inventories
* Notes payable and receivable
* Partnerships
* Liquidation of a partnership
* Ethics in Accounting
Course Objectives
After you havecompleted this course, you will be able to:
1. Post journals, prepare ledgers and trial balances.
2. Prepare final accounts.
3. Reconcile cash books and bank statements.
4. Apply accounting rules and principles to accounts of sole proprietorship, partnerships, and public corporations.
5. Analyze balance sheets using ratio analysis, measure the financial health of an entity, andmake meaningful recommendations to improve the financial health of an organization.
6. Post payroll accounting information.
7. Describe the role of ethics in accounting
UNIT 2
Introduction
Introduction to Accounting: Introduction
On a daily basis, many financial transactions take place at home. Your parents receive income in the form of salary and from other sources, such as dividendsfrom companies or interest from banks. They may spend the income to purchase household goods, pay rent, or pay bills. At the end of each month, they check the balance of the income over the expenditure. By keeping a record of their financial transactions, they are able to determine if there is a surplus or a deficit.
In business, financial transactions take place on a much larger scale. In a...
tracking img