L��]����(r��P�T*V. Scribd will begin operating the SlideShare business on December 1, 2020 This is where accounting steps in. Financial accounting is a specialized branch of accounting that keeps track of a company’s financial transactions.Define with Explain it each one Concept of Financial Accounting Discuss the topic, Financial Accounting – Meaning, Definition, Nature, Scope… (c) Explain the nature and objectives of accounting. Let us learn more about the meaning and scope of accounting. Learn more. For management to make decisions about the future of the firm they require relevant financial information. Now customize the name of a clipboard to store your clips. We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. ��ࡱ� > �� % ' ���� ! Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. The scope of accounting as it was in earlier days has undergone lots of changes in recent times. Acc0102. Clipping is a handy way to collect important slides you want to go back to later. (d) Discuss the branches, role and limitations of accounting. Acc is concerned with recording, classifying and summarising the business transaction so that at the end of the year profit or loss can be calculated and its effect on owned capital, assets and liabilities can be ascertained. Management Accounting- Nature And. If you continue browsing the site, you agree to the use of cookies on this website. Scope Classification of Accounting. z����� �'G��ض�6P�.�%g(_!��>�{]Ӡ��i���'��>S,��$&� Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. & ��������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������`!�- ��j[*H��3(���|W� 5 If you wish to opt out, please close your SlideShare account. Fin. Nature And Scope of Financial Management Financial management is such a managerial process which is concerned with the planning and control of financial resources. Accounting Concepts & Principles, No public clipboards found for this slide. ʼn+6��2\���n>�u��6.id� ��"8���`��dً {� �(RI�Ň�Нsr�����=',���������sO�/�\ � O�Bp諓l��^��&y��|�����0Z*��cS=7I�]� Accounting an Introduction
Unit 1: Meaning and Scope of Accounting
. See our User Agreement and Privacy Policy. � x�y ��8 � �x���_hSW����I�U#v[�[���!f 1. It is the language of business that records summarizes and analyzes all transactions and events of a firm. See our Privacy Policy and User Agreement for details. – A free PowerPoint PPT presentation (displayed as a Flash slide show) on PowerShow.com - id: 6ec62c-YWRhY Management Accounting Financial Accounting Fin. The Basic Accounting Equation Financial accounting is based upon the accounting equation. Further, it discusses the activities covered under management accounting and its difference with financial accounting. Cost Accounting. If you continue browsing the site, you agree to the use of cookies on this website. If you continue browsing the site, you agree to the use of cookies on this website. ?N�W �(������kS�^���Q�~j�?F�d���HA#n&�,�hĺ`YP�H3�����+f�E�q��+;�y�]d��y�ľ�ԓJ�[�}K���k����y%��~!Q�잀�� PuI���Dͳ�{���J싈}Q���w�.S/(�o#�m��g?D�L�(�k�]��y�s�~�}��질�T���#��1�kiCd�%j�=��sL]Pb_E�5Ͼ�����;%�=ľ'Q�l0E6���^G���C옩^S�M��-Q��+�}��sJ� bW$�m���]c�q%�2b/K�KdwXT�Tbۖȶ%j��@섥�[;�ا$j����L=�ľ���%j���[��+��"Q�샶�>h���E���g_@�L=���"vV�����SO(�g{V�����a����~#Q���A�}:�>�NE�I��g�#�|P}��{nG5�|��5]cݴ��� (a) Define accounting and trace the origin and growth of accounting. Assets = Liabilities + Owners' Equity This is a mathematical equation which must balance. LESSON STRUCTURE 1.1 Introduction 1.2 Definitions of Management Accounting Accounting. (b) Distinguish between book-keeping and accounting. You can change your ad preferences anytime. Looks like you’ve clipped this slide to already. CPTSuccess
Revision Notes – Fundamentals of Accounting
Chapter 1. Accounting an IntroductionUnit 1: Meaning and Scope of Accounting Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. MANAGEMENT ACCOUNTING: NATURE AND SCOPE Objective: The present lesson explains the meaning, nature, scope and limitations of accounting. As accounting is a dynamic subject, its scope and area of operation have been always increasing keeping pace with the changes in socio-economic changes. As of this date, Scribd will manage your SlideShare account and any content you may have on SlideShare, and Scribd's General Terms of Use and Privacy Policy will apply. 1.1 INTRODUCTION Accounting has rightly been termed as the language of the business. If assets total $300 and liabilities total $200, then owners' equity must be $100.