PPT-Accrual Accounting and Financial Statements

CHAPTER 4 ADJUSTING ENTRIES LINKAGE ENHANCE YOUR PREVIOUS KNOWLEDGE REGARDING FINANCIAL STATEMENTS YOU WILL BE ABLE TO MAKE ADJUSTING ENTRIES AT THE END OF ACCOUNTING PERIOD 2 of 43 OUTCOME of THIS SESSION. Chapter 3. Learning Objectives. After studying this chapter, you should be able to:. Describe basic accrual accounting concepts, including the matching concept. Use accrual concepts of accounting to analyze, record, and summarize transactions. Monica J. Stern, Certified Public Accountant. What is an audit?. An audit is a . prescribed process. a Certified Public Accountant applies to . your financial statements. in order to provide the . end user. The financial statements are prepared in accordance with Indian Generally Accepted Accounting Principles (GAAP) under the historical cost convention on the accrual basis except for certain financial w Presented by. Leanne T. Cross, CPA. lcross@mjcpa.com. Governmental Acronyms. FASB – Financial Accounting Standards Board. GAAP – Generally Accepted Accounting Principles. GASB – Governmental Accounting Standards Board. Concepts. Chapter 2. Learning Objectives. After studying this chapter, you should be able to:. Describe the basic elements of a financial accounting system. Analyze, record, and summarize transactions for a corporation’s first period of operations. Including a Unified Chart of Accounts. John Zohrab. Fiscal Affairs Department. Presentation at the Regional Workshop. on Financial Reporting and Management of Fiscal Risks. in Astana, Republic of Kazakhstan, May 21-23, 2014. and . Conceptual Framework for Financial Reporting. ACCT-3030. 1. 1. Basic Definitions. What is accounting?. the identification, measurement, and communication of financial information. about economic entities. -A.K.GANESHAN. Retd.Sr.AFA/SF. Accounting. The Following are the main bases of accounting. Cash basis. Accrual basis. Mixed basis i.e., partly cash basis and partly accrual basis. What is Cash Accounting System. January 11, 2018. Learning Objectives. Review the Government-wide financial statements, Proprietary statements, and fiduciary statements. Understand the key components of the reconciliations from the government-wide financial statements to the governmental funds. Campus Services. Overview:. Accounting standards. GAAP Principle. Accounting Methods. What is accrual Accounting?. Why does this matter?. Accruals entries. Examples. Accounting Standards. Accounting standards are rules and guidelines set by governing bodies like:. Business Essentials Twelfth Edition Chapter 15 The Role of Accountants and Accounting Information Copyright © 2019, 2016, 2013 Pearson Education, Inc. All Rights Reserved. Introduction In this chapter we What is accounting?. Objectives of financial reporting. Accounting choice process. Accounting concepts. The accounting cycle. Closing entries. Adjusting entries. Who is your instructor?. Cameron Morrill, PhD, CGA. Professor ZHOU Ning. SCHOOL OF ECONOMICS AND MANAGEMENT. BEIHANG UNIVERSITY. zning80@buaa.edu.cn. Chapter 14 . Understanding . Financial Statements. The objectives of chapter 14 . Additional information in annual report. Kenya . School of Government. 5. th. December . 2018. Robinson Kweyu and Christine . Nthiga. Overview of the Presentation. Introduction. Fund Accounting. Primary Financial Statements. Financial . Records to be maintained by a .