an introduction to accounting
Post on 25-May-2015
617 Views
Preview:
DESCRIPTION
This presentation is used to introduce year 12 students to accounting. It features many word clouds to summarize the basic concepts.
TRANSCRIPT
Accounting
Why does the owner need financial information?
Users of Financial information
Types of Accountants
Characteristics
C omparabilityU nderstandability R elevanceR eliability
Principles
Principles
C onsistencyH istorical CostE ntityR eporting Period
M aterialityC onservatismG oing Concern
Accounting Equation
A=L+Oe
Learn these terms
• Assets• Liabilites• Owners Equity• Revenue• Expenses
Business?
A = L+(Oe+Revenue-Expenses)
top related