Accounting Basics

Accounting Basics app collections of Categories are below and provide all this Topic
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Accounting – Overview
Golden Rules of Accounting
Objectives and Scope of Accounting
Accounting – Process
Business Entity Concept
Money Measurement Concept
Going Concern Concept
Cost Concept
Dual Aspect Concept
Accounting Period Concept
Matching Concept
Accrual Concept
Objective Evidence Concept
Convention of Consistency
Convention of Disclosure
Convention of Materiality
Conservation or Prudence
Accounting - Classification of Accounts
Accounting – Systems
Financial Accounting – Journal
Analysis and Treatment of Transactions
Financial Accounting – Ledger
Ruling of Account in Ledger Account
Important Points Regarding Ledger
Illustration
Journal Entries
Cash Book
Single Column Cash Book
Double Column Cash Book
Triple Column Cash Book
Petty Cash Book
Purchase Book
Sale Book
Purchase Return Book
Sale Return Book
Bills Receivables Book
Bills Payable Book
Key Features of Subsidiary Books
Bank Reconciliation
Trial Balance
Financial Statements
Owner’s Equity
Current Assets
Current Liabilities
Cash vs. Accrual Basis of Accounting
Financial Accounting – Depreciation
Accounting Entries Related to Assets and Depreciation
Method of Depreciation
Cost Accounting – Introduction
Concepts of Cost Accounting
Cost Accounting – Advantages
Cost Accounting vs Financial Accounting
Cost Accounting - Classification of Cost
Cost Accounting - Elements of Cost
Cost Accounting - Cost Sheet
Cost Accounting - Cost Control
Cost Control Techniques
Requirements for Successful Cost Control
Cost Accounting - Cost Reduction
Cost Reduction Program
Fields Covered under the Cost Reduction Program
Financial Management
Personal Management
Material Control
Tools and Techniques of Cost Reduction
Cost Accounting - Budgeting Analysis
Budget, Budgeting, and Budgetary Control
Etc...

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Accounting Basics

Proper financial planning is a key to the success of every business. In today’s business world, accuracy is more important than ever. Accountants do much more than untangle messes at tax time.

They help companies and organizations to meet the requirements and standards set by the government and by their industries. Accredited accountants are always needed to keep individuals’ and businesses’ financial affairs in flawless order. ☆

This App of accounting basics will introduce you to some basic accounting principles, accounting concepts, and accounting terminology. ☆

Some of the basic accounting terms that you will learn include revenues, expenses, assets, liabilities, income statement, balance sheet, and statement of cash flows. You will become familiar with accounting debits and credits as we show you how to record transactions. ☆

The Accounting Equation
The Balance Sheet
Double Entry Bookkeeping
Profit and Loss account
Reporting Period & Conversion Period
Accounting & Financial Formula

Formula of Operating cycle
Formula of Liquidity
Formula of Profitability
Formula of Activity
Formula of Financial leverage
Formula of Shareholder ratios
Formula of Return ratios
Accounting & Financial
Financial Statements
Balance Sheet
Income Statement
Cash Flow Statement
Stockholders’ Equity
Financial Ratios
Accounting Principles