Αποτελέσματα Αναζήτησης
• explain the meaning of the term “accounting” • explain the objectives of Accounting • explain the importance of Accounting information to various users • identify the branches of Accounting • explain the principles of business entity and money measurement and illustrate with examples
• explain the role of management accounting within an organisation and the requirement for management information • describe costs by classification and behaviour
The accounting process identifies business transactions and events, analyzes and records their effects, and summarizes and presents information in reports and financial statements. These re-ports and statements are used for making investing, lending, and other business decisions. The
26 Απρ 2015 · Straight line Rate = (Cost - Salvage value / Useful life) Declining Book value x Depreciation rate (Accelerated method) Rate = Straight line rate x Applicable % Applicable % = 150% for 150 DB and 200% for double declining Sum-of-years’-digits (Cost - Salvage value) X Applicable ... Examples: property, plant, equipment, intangible assets ...
Accounting is an art of recording, classifying and summarizing business transactions with a view to ascertain the net profit and financial position of the business enterprise. Any organised body of knowledge which is based on certain specified principles is called science.
Accounting: The process of gathering and preparing financial information about a business or other organisation in a form that provides accurate and useful records and enables decisions to be made. Accounting cycle: This covers everything from opening the 'books' at the start of the year to closing
In this book we consider various theories of financial accounting. Perhaps, therefore, we should start by considering what we mean by a ‘theory’. There are various perspectives of what constitutes a theory. The Oxford English Dictionary provides various definitions, including:
