Accounting in action (Chapter-1) in Accounting ppt
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Chapter 1: Accounting in Action
Chapter 1: Accounting in Actiontepsokha
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1) The document discusses accounting principles and provides examples of accounting transactions for a computer programming business called Softbyte.
2) Softbyte's owner, Marc Doucet, invests $15,000 to start the business and purchases $7,000 of computer equipment. Softbyte also buys supplies on account.
3) The accounting equation and building blocks are explained. Revenues, expenses, assets, liabilities and owner's equity are defined and various transactions are analyzed to demonstrate how they affect the accounting equation.Introduction to Financial statements - Accounting
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Financial statement introduction and its elements.
There are three fundamental financial statements used in accounting.
The income statement shows revenues and expenses.
The balance sheet is a listing of all asset, liability, and equity account balances that do not appear on the income statement.
The statement of cash flows shows how the company receives and spends its cash. Cash Flow Statement
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This document provides information on management accounting and cash flow statements. It defines management accounting as the presentation and analysis of business information for internal management decision making. It then defines a cash flow statement as a financial statement showing the changes in cash and cash equivalents resulting from operating, investing, and financing activities. The objectives of the cash flow statement are to present the inflows and outflows of cash over a period and to help evaluate a company's liquidity, dividend-paying capacity, and reasons for changes in cash balances. Advantages include assessing liquidity and profitability, determining optimal cash balances, and aiding capital budgeting decisions.Financial statement of non - profit organisation
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Non-profit organizations are established to provide services rather than earn profits. They are organized for social, educational, religious, or charitable purposes. Their main objectives are to serve members and society without trading or earning profits. Financial statements for non-profits include a receipts and payments account, income and expenditure account, and balance sheet. The receipts and payments account summarizes all cash receipts and payments, while the income and expenditure account records revenue and expenses to determine any surplus or deficit. The balance sheet presents assets, capital or fund balances, and liabilities at a point in time.| Accounting Cycle | Double Entry Accounting | Basic Accounting Equation | 8 ...
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Principles of accounting, the accounting cycle, double entry accounting, debits and credits, basic accounting equation, ownership structure, steps in accounting cycle, transactions and events, journalizing, techniques of journalizing, posting, trial balance, adjusting entries, classes of adjusting entries, adjusted trial balance, preparing financial statements, closing entries, post-closing trial balance financial accounting 
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Accounting is the process of identifying, measuring, recording, classifying, summarizing, analyzing, interpreting and communicating financial information about an entity. It involves recording economic events which affect the financial position and performance of a business. The key functions of accounting include identifying transactions, measuring transactions in monetary terms, recording transactions methodically in books of accounts, classifying transactions into appropriate accounts, summarizing transactions periodically into financial statements, analyzing trends and relationships, interpreting financial statements for decision making and communicating essential information to users.Journal,Ledger and Trial Balance
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Join us on Facebook: http://www.facebook.com/welearnindia
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For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/際際滷shareFaccounting
Join us on Facebook: http://www.facebook.com/welearnindia
Follow us on Twitter: https://twitter.com/WeLearnIndia
Read our latest blog at: http://welearnindia.wordpress.com
Subscribe to our 際際滷share Channel: http://www.slideshare.net/welingkarDLPCh 8 - Accounting for Receivables.ppt
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Preface: The ReGenX Generator innovation operates with a US Patented Frequency Dependent Load Current Delay which delays the creation and storage of created Electromagnetic Field Energy around the exterior of the generator coil. The result is the created and Time Delayed Electromagnetic Field Energy performs any magnitude of Positive Electro-Mechanical Work at infinite efficiency on the generator's Rotating Magnetic Field, increasing its Kinetic Energy and increasing the Kinetic Energy of an EV or ICE Vehicle to any magnitude without requiring any Externally Supplied Input Energy. In Electricity Generation applications the ReGenX Generator innovation now allows all electricity to be generated at infinite efficiency requiring zero Input Energy, zero Input Energy Cost, while producing zero Greenhouse Gas Emissions, zero Air Pollution and zero Nuclear Waste during the Electricity Generation Phase. In Electric Motor operation the ReGen-X Quantum Motor now allows any magnitude of Work to be performed with zero Electric Input Energy.
Demonstration Protocol: The demonstration protocol involves three prototypes;
1. Protytpe #1, demonstrates the ReGenX Generator's Load Current Time Delay when compared to the instantaneous Load Current Sine Wave for a Conventional Generator Coil.
2. In the Conventional Faraday Generator operation the created Electromagnetic Field Energy performs Negative Work at infinite efficiency and it reduces the Kinetic Energy of the system.
3. The Magnitude of the Negative Work / System Kinetic Energy Reduction (in Joules) is equal to the Magnitude of the created Electromagnetic Field Energy (also in Joules).
4. When the Conventional Faraday Generator is placed On-Load, Negative Work is performed and the speed of the system decreases according to Lenz's Law of Induction.
5. In order to maintain the System Speed and the Electric Power magnitude to the Loads, additional Input Power must be supplied to the Prime Mover and additional Mechanical Input Power must be supplied to the Generator's Drive Shaft.
6. For example, if 100 Watts of Electric Power is delivered to the Load by the Faraday Generator, an additional >100 Watts of Mechanical Input Power must be supplied to the Generator's Drive Shaft by the Prime Mover.
7. If 1 MW of Electric Power is delivered to the Load by the Faraday Generator, an additional >1 MW Watts of Mechanical Input Power must be supplied to the Generator's Drive Shaft by the Prime Mover.
8. Generally speaking the ratio is 2 Watts of Mechanical Input Power to every 1 Watt of Electric Output Power generated.
9. The increase in Drive Shaft Mechanical Input Power is provided by the Prime Mover and the Input Energy Source which powers the Prime Mover.
10. In the Heins ReGenX Generator operation the created and Time Delayed Electromagnetic Field Energy performs Positive Work at infinite efficiency and it increases the Kinetic Energy of the system.Frankfurt University of Applied Science urkunde
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Optimal use of resources, including energy, is one of the most important principles in modern and sustainable agricultural systems. Exergy analysis and life cycle assessment were used to study the efficient use of inputs, energy consumption reduction, and various environmental effects in the corn production system in Lorestan province, Iran. The required data were collected from farmers in Lorestan province using random sampling. The Cobb-Douglas equation and data envelopment analysis were utilized for modeling and optimizing cumulative energy and exergy consumption (CEnC and CExC) and devising strategies to mitigate the environmental impacts of corn production. The Cobb-Douglas equation results revealed that electricity, diesel fuel, and N-fertilizer were the major contributors to CExC in the corn production system. According to the Data Envelopment Analysis (DEA) results, the average efficiency of all farms in terms of CExC was 94.7% in the CCR model and 97.8% in the BCC model. Furthermore, the results indicated that there was excessive consumption of inputs, particularly potassium and phosphate fertilizers. By adopting more suitable methods based on DEA of efficient farmers, it was possible to save 6.47, 10.42, 7.40, 13.32, 31.29, 3.25, and 6.78% in the exergy consumption of diesel fuel, electricity, machinery, chemical fertilizers, biocides, seeds, and irrigation, respectively. 
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Accounting in action (Chapter-1) in Accounting ppt
- 2. Accounting in Action Sadia Akter
- 4. Accounting is an information system that Identifies Records Communicates the economic events of an organization to interested users WHAT IS ACCOUNTING? Sadia Akter
- 6. QUESTIONS ASKED BY INTERNAL USERS
- 7. QUESTIONS ASKED BY EXTERNAL USERS
- 8. BOOKKEEPING DISTINGUISHED FROM ACCOUNTING Accounting Includes bookkeeping Also includes much more Bookkeeping The recording of economic events One part of accounting
- 9. THE ACCOUNTING PROFESSION Public Accountants Service to the general public through the services they perform. Private Accountants Individuals in companies involved in activities including cost and tax accounting, systems, and internal auditing. Not For Profit Accountants Reporting and control for government units, foundations, hospitals, labor unions, colleges/universities, and charities.
- 10. THE BUILDING BLOCKS OF ACCOUNTING Ethics Standards by which actions are judged as right or wrong, honest or dishonest. Generally Accepted Accounting Principles Established by the F.A.S.B and the S.E.C. Assumptions Monetary Unit Only data that can be expressed in terms of money is included in the accounting records. Economic Entity Includes any organization or unit in society.
- 11. BASIC ACCOUNTING EQUATION Assets Liabilities Owners Equity= +
- 12. ASSETS AS A BUILDING BLOCK Assets are resources owned by a business. They are used in carrying out such activities as production, consumption and exchange.
- 13. LIABILITIES AS A BUILDING BLOCK Liabilities are creditor claims against assets are existing debts and obligations
- 14. Owners Equity = total assets minus total liabilities. (A - L = O.E.) Owners Equity represents the ownership claim to total assets. Subdivisions of Owners Equity: 1 Capital or Investments by Owner (+) 2 Drawing (-) 3 Revenues (+) 4 Expenses (-) OWNERS EQUITY AS A BUILDING BLOCK
- 15. INCREASES AND DECREASES IN OWNERS EQUITY INCREASES DECREASES Investments by Owner Revenues Owners Equity Withdrawals by Owner Expenses
- 25. FINANCIAL STATEMENTS Four financial statements are prepared from the summarized accounting data: Income Statement revenues and expenses and resulting net income or net loss for a specific period of time Owners Equity Statement changes in owners equity for a specific period of time Balance Sheet assets, liabilities, and owners equity at a specific date
- 26. FINANCIAL STATEMENTS AND THEIR INTERRELATIONSHIPS
- 27. FINANCIAL STATEMENTS AND THEIR INTERRELATIONSHIPS
- 28. FINANCIAL STATEMENTS AND THEIR INTERRELATIONSHIPS
- 29. Any Question?
- 30. Thanks