Line Graph

Monthly Expenses from

January-April
Month Utility Expense

January 5000

February 4300

March 4830

April 5050
 Utility Expense
5200

5000

4800

4600 Utility Expense

4400

4200

4000

3800
January February March April
Month Salary Expense

January 40000

February 37500

March 39000

April 45000
 Salary Expense
46000

44000

42000

40000 Salary Expense

38000

36000

34000

32000
January February March April
Pie Graph
 Quarterly Revenue Percentage

15%
36%

1st Qtr
2nd Qtr
3rd Qtr
27%
4th Qtr

22%
Bar Graph
 Comparative Schedule of Current Assets
December 31, 2016 and 2017
300000
250000
200000
150000
2016
100000 2017
Increase or (Decrease)
50000
0
-50000
 2016 2017 Increase or Increase or
(Decrease) (Decrease)

Amount Percent

Cash 90,500 64,700 25,800 39.9%

Marketable 75,000 60,000 15,000 25.0%

Securities

Accounts 115,400 120,000 (5,000) (4.2%)

Receivables
(net)
Merchandise 264,000 283,000 (19,000) (6.7%)
Inventory

Prepaid 5,500 5,300 200 3.98%

Expenses

550,000 533,000 17,000 3.2%

Flow Chart
Organizational Structure
Accounting Department
Organization
Character Map
 Attentive to
every details

Have great
Excellent in
communication Accountant organizing
skills

Have time
mangaement
skills
T-Chart
Spider Map
 Transactions should
Revenues are be recorded when
recognized not doing so might
when earned alter the decisions
made by a reader of
Accrual Materiality a company's
Expenses are
Concepts Concept financial statements
recognized
when assets are
consumed Financial
Economic Basic Going
The transactions Accounting Concern statements
of a business are Entity
Concept Concept are prepared
to be kept Concept
on the
separate from assumption
those of its
that the
owners Conservatism Matching business will
Revenues are only Concept Concept remain in
recognized when
there is a reasonable operation in
certainty that they future
The expenses related to periods
will be realized revenue should be
recognized in the same
whereas expenses are
period in which the
recognized sooner
revenue was recognized
Venn Diagram
 Balance Sheet Income Statement

Results from
• Reports the • Reports the
the use of
company’s assets, company’s
double-entry
liabilities and equity revenues and
accounting or
• Covers a Single expenses
bookkeeping
point in time within • Covers a certain
and the
a fiscal year time frame or fiscal
accounting
equation period
A = L + OE
Discussion Web
 Advantages Disadvantages
• it does not prove
• to check the debits that all transactions
equal the credit
• to find the uncover
Trial have been recorded
• it does not prove
errors in journalizing
• to find the uncover
Balance that the ledger is
correct
errors in posting • numerous errors
• to locate the errors may exist even
in ledger accounts though the trial
• to make financial balance columns
statements agree
• to list the accounts • it cannot find the
at a single place missing entry from
the journal

Conclusion