Professional Documents
Culture Documents
Maintain Financial Transactions
Maintain Financial Transactions
Maintain Financial Transactions
1 - Introduction
Introduction
Extended Bookkeeping Cycle
2 - What is Accounting?
What is Accounting?
Users of Accounting Information
Who Performs the Accounting within a Business?
Accounting Concepts and Principles
Accounting Concepts and Principles Continued
3 - Accounting Processes
Forms of Accounting
Checkpoint 1
Methods of Accounting
Paper-Based Accounting
Computerised Accounting
The Accounting Equation
Extended Accounting Equation
General Ledger
Processing Transactions Using the Accounting Equation
Checkpoint 2
The Accounting System
Journals
Processing Journal Entries
Subsidiary Ledgers
Journals Challenge
Accounts Payable
Accounts Receivable
Collecting Debts
Checkpoint 3
7 - Reconciling Transactions
Types of Reconciliation
What if I Cannot Reconcile the Account?
Find the Discrepancies Challenge
8 - Financial Reporting
Types of Financial Reports
Damage Control: Outstanding Accounts
Damage Control: COGS
Business Activity Statement
Generating Reports and Checking for Accuracy
How to Prepare Financial Reports Using a Computerised System
Distributing Reports
Checkpoint 5
Congratulations!