R20.70

Resource Description

Financial accounting is a specialized
branch of accounting that keeps track of a company’s financial transactions. Using standardized guidelines, the transactions are
recorded, summarized, and presented in a financial report or financial
statement such as an income statement or a balance sheet.
This is a brief
introduction of the Basic accounting Principles which every introductory
student could aim at getting the basic concepts.
T
hese provide unlimited practice and feedback for students. Instructor aids
include an exam bank, lecture slides, and a comprehensive end-of-term case
assignment. This requires students to prepare 18 different year-end adjusting
entries and all four types of financial statements, and to calculate and analyze
16 different financial statement ratios. Unique versions can be created for any
number of individual students or groups. Tailored solutions are provided for
instructors.
The text covers all of the topics normally
found in an introductory financial accounting (principles of accounting I)

Accounting is a system meant for measuring business activities, processing of
information into reports and making the findings available to decision-makers.
The documents, which communicate these findings about the performance of an
organisation in monetary terms, are called financial statements. When we focus
our thoughts on a business organisation, many questions (is our business
profitable, should a new product line be introduced, are the sales sufficient,
etc.) strike our mind. To answer questions of such nature, we need to have
information generated through the accounting process. The people who take
policy decisions and frame business plans use such information.

 

Resource Reviews

Store reviews: ( 0 ratings )

No ratings have been submitted for this seller yet.