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ACCOUNTING

ACCOUNTING. ACCOUNTING INFORMATION SYSTEMS & BASIC ACCOUNTING EQUATION. ACCOUNTING DEFINITIONS. American Accounting Association (AAA) defines accounting as follows:

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ACCOUNTING

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  1. ACCOUNTING ACCOUNTING INFORMATION SYSTEMS & BASIC ACCOUNTING EQUATION

  2. ACCOUNTING DEFINITIONS American Accounting Association (AAA) defines accounting as follows: Accounting is a process of identifying, measuring and communicating economic information as a basis for consideration and decision by the users of the financial information. Based on the accounting information can be summarized as follows: • That accounting is a process that ultimately dalah product information, including financial statements. • That the information generated from the process can be used for decision making for users.

  3. ACCOUNTING INFORMATION USERS

  4. Stages in providing accounting information to the user

  5. QUALITY OF ACCOUNTING INFORMATION

  6. BASIC ACCOUNTING PRINCIPLES

  7. the fieldsof Accounting

  8. ACCOUNTING PROFESSION ETHICS

  9. CREDIT AND DEBIT MECHANISM BALANCE NORMAL RULES Saldo Normal

  10. FORMULA APPLYING ACCOUNTING EQUATION The relationship between wealth and property rights or claims that may be expressed in the form of the accounting equation (accounting equation) and formulated as follows: Assets = Liabilities + Equity Rights or claims on assets or equity owner of the company is a residue or remainder of assets reduced by the liabilities, as shown by the following equation: Assets - Liabilities = Equity

  11. The company's goal is to increase assets and equity through the income (revenues), which is the amount obtained by handing over the goods and services to the customers'. • Revenue will increase the company's equity as earnings add asset but does not add liability. • Investment owner also adds to the company's equity. • Meanwhile, taking the owner or prive (withdrawals) and expenses (expense) will reduce equity. • Decision owner or prive is the opposite of the owner's investment. • The burdens of a decrease in equity in connection with the activities of the delivery of goods or services to customers.

  12. Example: Transactions that occur on Lily Salon during the first month during the accounting period. • transactions 1 Miss Lily put up capital of Rp. 7,500,000. the effect of this transaction is to increase the company's assets in the form of "Cash" on the left side and the same amount in the form of "Capital Lily".

  13. transactions 2 • Salon Lily bought a plot of land for construction of office buildings in future Rp. 5,000,000 cash. Miss Lily's for a few months would plan to rent the office and salon equipment. As a result of this transaction accounting by the following equation.

  14. transactions 3 During this month, Salon Lily buy equipment on credit amounting to Rp. 675,000. equipment to be used in the salon business, including elements of the load prepaid (prepaid expense) and obligations referred to in trade payables (accounts payable). The influence of this transaction are as follows.

  15. transactions 4 Miss Lily earn services revenue (service revenue) from customers. During the first month of running a business, Miss Lily salon services earn revenue of Rp. 3,750,000. This makes the acquisition of revenue Lily Salon effort into growing, as demonstrated by the increase in total assets and total equity.

  16. transaction 5 Miss Lily pay staff salaries amounting to Rp. 1.0625 million; rent office Rp. 400,000; electricity and telephone bills amounting to Rp. 225,000; and miscellaneous expenses Rp. 137,500. the effect on the accounting equation as follows.

  17. transactions 6 During this month, Salon Lily pay trade payables amounting to Rp. 475.000,00. Effect on the accounting equation is as follows.

  18. transactions 7 The fixtures were used during the current month is Rp. 400,000. This transaction expenses for which will reduce the equity and assets of the company. The influence of this transaction are as follows.

  19. transactions 8 At the end of the month, Miss Lily take the money Rp. 1,000,000 of the company for personal purposes. This transaction resulted in a decrease in cash and Miss Lily's capital (equity). For companies, making money is not a burden and so-called prive. The influence of this decision is as follows.

  20. Based illustration Lily Salon can note three important things that apply to all forms and types of businesses, among others:

  21. EFFECT DUE TO THE ACCOUNTING EQUATION IN SALON LILY

  22. DapatJugaDiakses : PlayStore : econosmartWeb : www.e-conosmart.com

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