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THE FATHER OF ACCOUNTING AND BOOK KEEPING;

- LUCA PACIOLO
- PUBLISHED BOOK ON THE DOUBLE-ENTRY OF BOOK KEEPING IN 1494

ACCOUNTING HISTORY DATES

- MESOPOTEMIA
- EYGPT
- BABYLON
>> DURING THE ROMAN EMPIRE THE GOVERNMENT HAD DETAILED RECORD OF FINANCES.

-BY 1880 THE MODERN PROFESSION OF ACCOUNTING WAS FULLY FORMED AND RECOGNIZED BY THE INSTUTED OF
CHARACTERED ACCOUNTING IN ENGLAND AND WALES.

WHO USES THE ACCOUNTING INFORMATION WE HAVE INTERNAL AND EXTERNAL USES;

INTERNAL USES

- WHICH IS THE PEOPLE INSIDE THE COMPANY.

OWNER- TO SEE ALL OR THE SUMMARY OF THE EXPENSES OF THE COMPANY.
MANAGER -KNOW THE HIGHER EXPENSES DETAILED
EMPLOYERS- SOURCE OF VALUATION ENTIRE COMPANY

EXTERNAL USERS

- INVESTORS - TAX AUTHOROTIES

- LENDERS - PUBLIC
- SUPPLIES - GOVERMENTS
- COSTUMERS - AUDITORS
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STATISTIC- ACCOUNTING OR ACCOUNTACY IS EQUAL TO ANALYZING.

WHAT IS ACCOUNTING?

THE SHORT-TERM FOR ACCOUNTING IS RECORD OR RECORDING THE FINANCIAL TRANSACTIONS PENETRATING TO A
BUSINESS.

EX. AGENCIES , REGULATORS , AND TAX COLLECTIONS ENTITIES.

FINANCIAL STATEMENT

- ACCOUNTING EQUATION
- -EFFECTS OF BUSINESS TRANSACTION ON ACCOUNTING EQUATION.
- DEBIT, CREDIT

BRANCHES OF ACCOUNTING

- FINANCIAL ACCOUNTING
- MANAGEMENT ACCOUNNTING
- COST ACCOUNTING
- AUDIT
- GOVERMENTAL ACCOUNTING
- FORENSIC ACCOUNTING
- ACCOUNTING INFORMATION SYSTEM
- FUND ACCOUNTING
- PROJECT ACCOUNTING

THE TOTAL OF THE ALL COMPANIES ASSETS IS EQUAL TO THE SUM OF LIABILITIES AND OWNERS EQUITY.

ASSETS = LIABILITIES + OWNERS EQUITY

ASSETS-> ARI ARIAN

RELATION OF ASSETS TO LIABILITY AND OWNERS EQUITY.

LIABILITIES-> UTANG

-HOW ASSETS ARE BEING FUNDED OWNERS EQUITY ( 0E) INVESTMENTS OF THE BUSINESS.

-OWNERS INVESTEMENT (PERSONAL SUPPLIES OR PROPERTY).

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TAX- B.I R

-BUREAU OF INTERNAL REVENUE

S.E.C

-SECURITY AND EXCHANGE COMMISSION

SECURITY BANK

- FINANCING AND LEASING FOREIGN EXCHANGE, INVESTMENT BANKING AND ASSET MANAGEMENT.

GAAP

- GENERALLY ACCEPTED ACCOUNTING PRINCIPLES.

ARTICLE N0. 1156

- AN OBLIGATION IS AJUDICAL NESSECITY TO GIVE TO DO OR NOT TO DO.