05-12-2012, 02:05 PM
BASIC OF ACCOUNTANCY
BASIC OF ACCOUNTANCY.pptx (Size: 136.12 KB / Downloads: 80)
WHAT IS ACCOUNTANCY
ACCONTANCY IS A SUBJECT BY STUDING WHICH ONE CAN UNDERSTAND HOW TO RECORD ALL THE TRANSACTION IN THE FARM MONEY FOR A CERTAIN PERIOD AND ANALYSE THE RESULT AT THE END OF THIS PERIOD.
BRANCHES OF ACCOUNTING
FINANCIAL ACCOUNTING
COST ACCOUNTING
MANAGEMENT ACCOUNTING
MONEY MEASUREMENT CONCEPT
MONEY RELATD BUSINESS TRANSACTION ARE TO BE RECORD IN THE BOOKS OE ACCOUNT
BUSINESS TRANSACTION ARE TO BE SHONE IN MONEY TERMS
NOT FREE FROM LIMITATION
ALL BUSINESS TRANSACTION ARE NOT ACCOUNTING TRANSACTION
CONVENTION OF MATERIALITY
SIGNIFICANT OF AN AMMOUNT TRANSACTION OR DISCREPANCY
MATERILATY SHOULD BE CONSIDER INDIVIDUALY AND AGGRITED
THE AMOUNT AND NATURE OF OMISSION BOTH NEED TO BE CONSIDER IN DETERMINING MATERILITY
MATERILITY HAS QUALIYU ASPECT