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FINANCIAL ACCOUNTING FOR MANAGERS

FINANCIAL ACCOUNTING FOR MANAGERS

FINANCIAL ACCOUNTING FOR MANAGERS. WHAT IS ACCOUNTING ?. Accounting is the language of business Accounting is an Information System a) For Insiders b) For Outsiders Accounting provides reports to stakeholders about the economic activities and condition of a business .

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1.77k views • 127 slides
Chapter 7 Income statements: an introduction

Chapter 7 Income statements: an introduction

Chapter 7 Income statements: an introduction. Learning objectives. After you have studied this chapter, you should be able to Explain why income statements are not part of the double entry system Explain why profit is calculated Calculate cost of goods sold, gross profit and net profit

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317 views • 22 slides
PCard Plus

PCard Plus

PCard Plus Revised Feb 2007 What is PCard Plus? Business Meetings Expenses Business Entertainment Expenses Employee Recognition Expenses Employee Farewell Expenses Special Event Expenses Service & Recognition Awards Program Definition

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524 views • 21 slides
Learning Objectives

Learning Objectives

Learning Objectives. After studying this chapter, you should be able to: Use double-entry accounting. Analyze and journalize transactions. Post journal entries to the ledgers. Prepare and use a trial balance. Close revenue and expense accounts and update retained income.

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343 views • 20 slides
Recording and Posting Transactions Extend Your Knowledge: 3.2

Recording and Posting Transactions Extend Your Knowledge: 3.2

Recording and Posting Transactions Extend Your Knowledge: 3.2. Analyze transactions. 1. The Accounting Cycle. Prepare post-closing trial balance. 9. Journalize. 2. 2. Close. 8. Post. 3. Prepare statements. 7. Prepare unadjusted trial balance. 4. Adjust. Prepare

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254 views • 6 slides

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