PPT-Chapter 3 Business Transactions and the Accounting Equation

Objectives Describe the relationship between property and financial claims Explain the meaning of the term equities as it is used in accounting List and define each part of the accounting equation. Understand . the importance of disclosure from a business perspective.. Review . the full disclosure principle and describe problems of implementation.. Explain . the use of accounting policy notes in financial statement preparation.. Ethics, . Fraud, and . Internal Control. COPYRIGHT © 2007 Thomson South-Western, a part of The Thomson Corporation. Thomson, the Star logo, and South-Western are trademarks used herein under license. Introduction to Accounting – Mr. . Meechem. NET WORTH?. What?? I’m worth something?. Have . you ever wondered how much you are actually worth in terms of the dollar value of your valuables. ?. Most . Why study Accounting?. http://. www.youtube.com. /. watch?v. =4kIWqDK4j5Q. Top 10 Reasons why …. http://. www.youtube.com. /. watch?v. =zUD2MFYJf38. Unit 1: Financial Position. The Purpose of Accounting. Social Responsibility. Business Ethics. Ethics. are rules that help us tell the difference between right and wrong. They encourage us to do the right thing.. What is Ethical . Behaviour. ?. Ethical . Reporting - . Basic Course. Mentors impact eternity because there is no telling where their influence will . stop…. . John C. Maxwell and Jim Dornan 1997. FACILITATOR. Godwin . Emmanuel, Oyedokun. ND (Fin), HND (Acct.), BSc. (Acct. Ed), MBA (Acct. & Fin.), MSc. (Acct.), MSc. (. An Accountant’s Perspective. Objectives for Chapter 1. Understand the primary information flows within the business environment.. Understand the difference between accounting information systems and management information systems.. Local Government Corporation. Revenues from Nonexchange Transactions. Certified Continuing Professional Education Class. 1-hour credit. Must remain for the entirety of the class to receive CPE credit. 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.. . CA B.RADHA KRISHNA. B.COM, FCA . Cash system . of accounting. INTRODUCTION: . Government of India is planning to introduce Acrual System of Accounting in all its departments.. The Benefits of Reading Books,Most people read to read and the benefits of reading are surplus. But what are the benefits of reading. Keep reading to find out how reading will help you and may even add years to your life!.The Benefits of Reading Books,What are the benefits of reading you ask? Down below we have listed some of the most common benefits and ones that you will definitely enjoy along with the new adventures provided by the novel you choose to read.,Exercise the Brain by Reading .When you read, your brain gets a workout. You have to remember the various characters, settings, plots and retain that information throughout the book. Your brain is doing a lot of work and you don’t even realize it. Which makes it the perfect exercise! (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. . LECTURER IN COMMERCE. Introduction to Financial Accounting. Systematic Process. :. Accounting involves a structured and organized approach to handling financial information. It follows a set of rules, principles, and procedures to ensure... 8/1/12. Module 1: Session 5. 1. Introduce the nature of financial transactions and the double entry system (income and expenditure, assets and liabilities). Outline basic internal controls. Introduce basic financial documents, records and books.