PPT-Profit and Loss Account Financial Management and Cost Accounting (DBM-422)

A K JHA Profit and Loss A ccount It is an account prepared to ascertain the net profit or net loss made by a concern during an accounting period Profit and Loss Account is prepared to estimate the net profit or net loss of the business for a given accounting period. 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. . -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. Financial Management and Cost Accounting (DBM-422). A K JHA. Financial Statement . Financial Statements are prepared to get an idea of profit or loss as well as the financial position of the firm or business.. Systems of Cost Accounting. . Integral or Integrated accounting system. : . Financial & cost accounts are merged & single set of books are maintained. Non-integral or Non integrated (independent) accounting system. Dr. . Madhu. V . Menon. MATS School of Management Studies & Research. Syllabus . MODULE . I - Meaning . and Scope of Accounting: . Need for accounting, meaning, definition and functions, Book-Keeping and Accounting, Accounting Vs. Book-keeping – Branches of Accounting, Users of accounts, Limitations of accounting, Parties interested in accounting information.. 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.”. Dr.S.BELLARMIN. DIANA. ASSISTANT . PROFESSOR. PG . & RESEARCH DEPARTMENT OF MANAGEMENT . STUDIES. BON . SECOURS COLLEGE FOR WOMEN, THANJAVUR.. INRODUCTION. Accounting serves the purpose of providing financial information relating a business. Such information is provided to people who have an interest in the organization. Presented by. Dr. . . B. N. Shinde. Assistant Professor. Department of . Commerce. Deogiri . College, Aurangabad. Management Accounting: Introduction. Introduction. . A business enterprise must keep a systematic record of what happens from . of Commerce. mrs.k.s.k. . college . beed. COMPANY FINAL ACCOUNT. • Accounting is an art, it is an art of recording transaction and reporting results. Final account are for results.. • Final accounts are prepared to show business profit over a period of time and business position at a point of time.. INTRODUCTION. ACCOUNTING. . accounting is wider term and includes recording, classifying and summarizing of business transactions in terms of money, preparation of financial reports and analysis and interpretation of these reports for the... International Management Accounting. Prof. Dr. Marc Beutner. TH Köln. 2. nd . Lecture. SoSe. 2024. Prof. Dr. Marc Beutner. Lehrstuhl Wirtschaftspädagogik II. Prof. Dr. Marc Beutner. Lehrstuhl. Wirtschaftspädagogik II -. Dr. . Meena. Bhatia. Managerial Accounting. Identifying, measuring, analysing, interpreting and communicating for:. …..informed judgements and decisions by . internal. . users of the information.. Outputs. Processes. Inputs. Economic Events. Collecting. Measuring. Storing. Analyzing. Reporting. Managing. Special Reports. Product Costs. Customer Costs. Budgets. Performance Reports. Personal Communication. International Management Accounting. Prof. Dr. Marc Beutner. TH Köln. 1st . Lecture. Part 1. BA International Business. SoSe. 2024 . About our Course. Course Title:. International Management Accounting.