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Full Revision Notes for Accounting Yr 12

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This is a very detailed revision notes for Accounting Year 12. It has all theory and necessary layout for reports. Your very comprehensive approach to be successful in Accounting.

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20 Pages Complete Study Notes > 2 Years old
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Topics this document covers:
Generally Accepted Accounting Principles Financial statements Financial accounting Shareholders Equity securities Dividend Financial ratio Equity Retained earnings Balance sheet Finance Cash flow statement
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:
Generally Accepted Accounting Principles Financial statements Financial accounting Shareholders Equity securities Dividend Financial ratio Equity Retained earnings Balance sheet Finance Cash flow statement
Sample Text:
ng • users are shareholders, potential investors, lenders, employees, suppliers, ATO • past performance • highly regulated • highly summarised • annual to half-yearly Management Accounting • concerned with providing info to business managers on the cost of manufacturing a product or of providing a service (CVP/Budgets) • internal reporting • users are managers of the company • frequent • future performance • not regulated • highly detailed Role and function of an Accountant: o Supervision of the staff recording the day-to-day transactions of a business o Preparation of financial reports (IS and BS) o Preparation of budgets (Capital Budgeting) o Communicate info in financial reports to other managers o Calculation of Breakeven point of a new product COMPANIES What is a company A company is an organisation established under the Corporations Act 2001...
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