Tamer ‫سبحان هللا وبحمده سبحان هللا العظيم‬

Mohamed
00201019872522

1
12/2/2023 by / tamer mohammed hussien 002-01019872522
 ‫ور َر ِب َها‬ ‫ض ِبنُ ِ‬ ‫ت ْاْل َ ْر ُ‬‫ش َرقَ ِ‬ ‫َوأ َ ْ‬
‫اب َو ِجي َء ِبالنَّ ِب ِي َ‬
‫ين‬ ‫َو ُو ِض َع ا ْل ِكت َ ُ‬
‫ق‬ ‫َاء َوقُ ِض َ‬
‫ي بَ ْينَ ُهم ِبا ْل َح ِ‬ ‫ش َهد ِ‬ ‫َوال ُّ‬
‫‪00201019872522‬‬

‫َو ُه ْم ََل يُ ْظلَ ُم َ‬

‫ون‬

‫‪00201019872522 & 00201156964633‬‬

‫‪by / tamer mohammed hussien 002-01019872522‬‬
‫‪12/2/2023‬‬
‫‪2‬‬
how we
Start What is chart of accounts

What is the importance chart of accounts

12/2/2023 by / tamer mohammed hussien 002-01019872522 3

 Level 1 Chart of accounts
assets
liabilities Balance sheet
Equity

Revenues
Expenses Income statement
Cost of goods sold

Standard cost variance Suspense account

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12/2/2023 by / tamer mohammed hussien 002-01019872522
 Level 2 Balance sheet
Fixed Assets
Level 1
Currant Assets Assets
Intangible Assets

Long term Liabilities

Liabilities
Currant Liabilities

Paid – in Capital
Retained Earning Equity

Owners Equity 12/2/2023 5

by / tamer mohammed hussien 002-01019872522
 Level 2 Income statement

Operating revenues
Level 1
Non Operating revenues
Other revenues Revenues

Operating expenses
Selling expenses
Marketing expenses Expenses

Administrative ex 12/2/2023
by / tamer mohammed hussien 002-01019872522
6
 Income statement

Level 2 Level 1

Cogs finished goods

Cogs raw material

Cogs packaging Cost of goods sold

Cogs destruction
12/2/2023 by / tamer mohammed hussien 002-01019872522 7
 variances

Level 2 Level 1

Direct material quantity variance

Direct material price variance
Direct labor quantity variance Standard cost variance

Direct labor price variance

Over head volume variance
Over head controllable variance 12/2/2023 by / tamer mohammed hussien 002-01019872522
8
 Costs accounts

Fixed Assets Currant Assets Currant Liabilities

Revenues Expenses Cost of goods sold

12/2/2023 by / tamer mohammed hussien 002-01019872522 9

 Fixed Assets Level 3
land Depreciation
Building Depreciation Accumulated
machinery operating Depreciation expense
Trucks Selling Depreciation expenses
Computers &soft ware Marketing Depreciation expenses
Equipment Administrative Depreciation exp
furniture
Electrical Devices 12/2/2023 by / tamer mohammed hussien 002-01019872522
 Entries

12/2/2023 by / tamer mohammed hussien 002-01019872522 11

 Inventory Currant assets
Raw material
Work in process
Semi finished
Finished goods
Goods in transit local
Goods in transit foreign
Spar parts scrap
Spoilage inventory 12/2/2023 12
by / tamer mohammed hussien 002-01019872522
 Suspense accounts Currant liabilities

Estimated Direct Labor

Estimated manufacturing over head
Direct material quantity variance
Direct material price variance
Direct labor quantity variance
Direct labor price variance
Over head volume variance

12/2/2023
Over head controllable variance
by / tamer mohammed hussien 002-01019872522 13
 Working capital

12/2/2023 by / tamer mohammed hussien 002-01019872522 14

by / tamer mohammed hussien 002-01019872522

12/2/2023 15
 Tamer ‫تم بحمد هللا و ال تنسونا من صالح دعائكم‬

Mohamed
00201019872522

16
12/2/2023 by / tamer mohammed hussien 002-01019872522