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Complete Course Notes (HD Student)

User Description:
Course notes for the course that cover up to week 6 and correspond to lecture topics. Includes diagrams and relevant formulas.

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74 Pages Complete Study Notes > 2 Years old
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5 Ex Credits


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Topics this document covers:
Finance Business Accountancy Generally Accepted Accounting Principles Financial statements Debits and credits General ledger Costs Chart of accounts Inventory valuation Accounting systems Bookkeeping
This is a Complete Set of Study Notes

Complete Study Notes typically cover at least half a semester’s content or several topics in greater depth. They are typically greater than 20 pages in length and go into more detail when covering topics.

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Topics this document covers:
Finance Business Accountancy Generally Accepted Accounting Principles Financial statements Debits and credits General ledger Costs Chart of accounts Inventory valuation Accounting systems Bookkeeping
Sample Text:
ntroduction to Accounting Financial Acct – preparation/presentation of financial reports for external users Mgmt acct – provision of acct information within the business entity Primary Function of Accounting: o Provide financial information for decision making that is reliable & relevant o ‘Language of business’ The Accounting Process o Process of identifying, measuring, recording and communicating the economic transactions that affect the financial/trading position of an entity Bookkeeping – identifying, measuring & recording Modern Acct – greater emphasis on communication o Transactions – economic activities that affect the financial position of the entity (Business transaction v business events) Diverse Roles of Accountants: o Commercial Accountants Work in industry and commerce Roles of mgmt and financial acct o Public Accountants Provide pro...
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