|
Papers > Medical > accounting notes
Featured Papers from Direct Essays |
|||
1. Accounting
|
|||
This is a preview of a paper to view the full text you need to signup and login.
accounting notes |
|||
|
WHAT IS AN ACCOUNTING ENTITY:? • Organisational unit • Accounting records are kept. • Accounting reports are prepared. WHAT TYPES OF ACCOUNTING ENTITIES ARE THERE? ... USERS AND USES OF ACCOUNTING INFO SHAREHOLDER: • To buy sell or hold shares CREDITORS • To increase reduce or keep constant the level of credit EMPLOYEES: • To calim salary increases • Change emplyement GOVERNMENT • Raise taxation CUSTOMERS • To buy prodcucts MANAGERS • To change pricing • Cash flow • Sale trend GENERAL PUBLIC • Assess economic and social impact MONETARY UNIT CONCEPT • Accountants consider only things that can be expressed in monetary terms DUALITY • Assests = liabilities+ OE • Every transaction atleast 2 effects on the accounting equation ACCOUNTING ENTITIE CONCEPT Accountants consider a business to separate and distinct from the owner LEGAL ENTITY CONCEPT • Owener and business are seen as one in the case of soletraders and partnerships GOING CONCERN CONCEPT • Business has unlimited life • Continuity ACCOUNT PERIOD CONCEPT • Accountants split the life of a business into period for reporting purposes. |
|||
To link to this page, copy the following code to your site:
Paper Information |
|||||
Title: accounting notes
|
|||||
Signup & Login |
|||||
If you don't currently have a login then Signup here |
|||||
| Pre-Written Papers | |||||
|
|||||
| Custom Papers | |||||
|
|||||
Copyright 2003-2008 doingmyhomework.com. All rights reserved.