PDF-Government and Not-for-Profit Accounting: Concepts and Practices

The Benefits of Reading Books. Prepared by:. CA Yogesh Panchakshari. Panchakshari’s Professional Academy Pvt Ltd. 82 37 218 218. www.ppa.org.in. . 1. 1. Tick the wrong statement:. (a) Accounting is the language of business. . (b)Transactions are recorded in quantitative terms only. . 90% of small businesses fail due to poor financial management, lack of internal controls, and inadequate planning.. Why do you need to understand and create accurate financial reports for your business?. Career Opportunities . Careers. Accounting Clerk. Bookkeeper. Accountant. Certified Public Accountant. There are many accounting career opportunities with varying educational and experience requirements.. LECTURER: TROY J. WISHART . . Summer Course. ACT 1100. Is EASY POP!. Our Confession. Course Outline . ACT 1100 Introduction to Accounting. COURSE DESCRIPTION AND AIMS:. The aim of this course is to expose students to the mechanics of financial accounting. In addition students would be introduced to the history and development of accounting, accounting concepts, principles and practices.. WEEK THREE. Financial Reporting and Control for State and Local Governments. Learning Objectives. After Week 3, you should be able to:. Assess and prepare governmental fund financial statements and government-wide financial statements and understand how to reconcile the two. . The Benefits of Reading Books The Benefits of Reading Books Introduction. Accounting is the process of identifying, measuring and communicating economic information to permit informed judgments and decisions by users of the information.. Accounting not only records financial transactions and conveys the financial position of a business enterprise; it also analyses and reports the information in documents called “financial statements.”. Government Accounting-an overview. Features of Government Accounting. General Principles of Government Accounting. Comparison between Government Accounting and Commercial accounting. Government Accounting & Reporting. (A) Accounting concepts.. (B) Accounting conventions.. Accounting concepts- . Accounting concepts are the fundamental assumptions on which transactions are recorded and financial statements are prepared. These concepts provide base for accounting process. While doing accounting use of these concepts are compulsory and they are not optional. More or less they are rigid and can not be changed. . Presented by:. CA Verendra Kalra. ORGANISED . BY. . ON. AUG 05, 2008. AT. ONGC. . 2. ACCOUNTING STANDARD – 12. OVERVIEW. . ACCOUNTING STANDARD – 12. ILLUSTRATIONS. DISCLOSURES. REFUND. RECOGNITION. Dr. Sarina Preechalert , CFP. Outline. 1. Economics concepts and Theories. Microeconomics. Macroeconomics. 2. Accounting concepts and Theories. Financial information. Financial analysis. 3. Financial concept and Theories. . M.Saranyadevi. ,. Assistant Professor,. . PG . Department of Commerce (. sf. ),. . Cardamom . Planters’ Association College. . Learning Objectives. BY UTSAV PALAN.. Points to be covered under IND AS-20 are as follows:. Introduction.. Scope.. Definitions.. Recognition of Government Grant. . Accounting Of Government Grant.. Disclosures.. INTRODUCTION TO IND AS-20.