UNIVERSITI UTARA MALAYSIA UUM COLLEGEOF BUSINESS SCHOOL OF ACCOUNTANCY COURSE CODE : BKAL1013 COURSE : BUSINESS ACCOUNTING PRE-REQUISITE : NONE 1.0 COURSE SYNOPSIS This course is designed specifically for students from non-accounting disciplines. It is divided into two sections‚ i.e. financial accounting and management accounting. Students will be exposed to accounting concepts‚ principles and assumptions. They would be able to assess
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The Accounting Cycle Accounting Cycle is an accounting process that involve a series of procedures in collection‚ processing‚ and communication of financial information. There are 7 basis steps of accounting cycle which comprise of source documents‚ prima entry‚ ledger‚ draft trial balances & financial statement‚ adjustments‚ adjusted trial balance & financial statement and closing entries. At first source documents‚ are things like invoice‚ credit note‚ debit note‚ cash bill
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Accounting Basics f or S t u d e n t s Ba sic a ccou nting le ss ons an d qu es tio ns fo r high s cho ol a nd c ollege s tude nts By Michael Celender Accounting Basics for Students Copyright © 2010 Michael Celender. All Rights Reserved. No part of this publication may be reproduced or transmitted in any form or by any means‚ including but not limited to digital copying and printing‚ without the express written permission of the author. The author‚ Michael Celender‚ has made his best effort
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Justice Department ’s Look at BCS System Long Overdue Football is a game of force and power‚ and the answer to problems on the field often is "Hit him harder" or “run faster.” Success is based on dominating the offensive and defensive lines and‚ if possible‚ not turning the ball over during the game. The U.S. Justice Department is looking into the BCS system. The DOJ wonders if it violates antitrust laws. It wonders why‚ when every other college sport has a playoff system‚ major college
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practice in business. This may be on account of a number of reasons like defects in goods‚ quality not matching the requirement for which the buyer purchased it‚ the buyer not needing the stock‚ etc. This happens both in case of goods purchased as well as goods sold by the organisation. Where the goods sold are being returned we call it "Sales Returns" and where goods purchased are being returned we call it "Purchase Returns" The transactions of return of goods are also accounting transactions
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THE ROLE OF ACCOUNTING IN BUSINESS Accounting is a part of your daily life‚ it is not a branch of Mathematics‚ however‚ you need to be able to add‚ subtract‚ multiply and divide‚ otherwise‚ you would not know how much money you had with you‚ how much you would have spent or whether the change you received was correct. Accounting is a system used by businesses to track financial information. Businesses then analyze and use the information to make business decisions. Accounting uses a double-entry
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Business is an organisation involves in trading activities of goods or services or both. Business can be a profit organisation or a non profit organisation. There are three types of profit organisation in business. First type is Merchandising Business which involves purchasing and selling the products that they purchase. They do not manufacture the products. Example of this business is Parkson‚ who purchase clothings‚ toys and other products from various manufacturers and then sell in their department
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credit report is important‚ but it can determine many things. A business can look at your credit report to decide whether or not they would like to do business with you. It can affect if you can get a cell phone or a certain job. It can prevent you from getting a loan‚ credit card‚ or even renting a house or apartment. This is why it is important to make sure your information is correct on your credit report‚ because other people or a business wouldn’t know if your information is correct or not. Identity
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I will describe the different sectors; these are the public private and voluntary. Below I will describe each sector and talk about the key stakeholders‚ the main aims and objectives and the main strategies of each sector. The key stakeholders of businesses in the private sector are the owners and shareholders‚ whereas in the public sector‚ the government and user groups are the key stakeholders. Main aims and objectives of the businesses within the private sector is to make high sales and profits
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m.Module 3 CAPITAL BUDGETING Meaning of Capital Budgeting :- Capital Budgeting is the process of making Decisions regarding long term investments in Fixed Assets which are not meant for sale. It is long range planning to employ the available capital for the purpose of maximizing the long term profitability of the concern. Definition of Capital Budgeting:- Prof I.M.PANDEY Defines Capital Budgeting as the firms decision to invest its current funds most efficiently in long term activities
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