Accounting

Hello!
Welcome To My Presentation

My Name Is MD. Shakil Hossain Opu

ID: 211-11-1251

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What Is Accounting
Accounting is the process of recording financial transactions
pertaining to a business. The accounting process includes
summarizing, analyzing and reporting these transactions to
oversight agencies, regulators and tax collection entities.

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An account is a record in an accounting system that tracks the
financial activities of a specific asset, liability, equity, revenue, or
expense. Each individual account is stored in the general ledger
and used to prepare the financial statements at the end of an
accounting period.
Examples of accounting transactions are: Sale in cash to a
customer. Sale on credit to a customer.

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Why Accounting Is Important

Accounting plays a vital role in running a business because it helps you track
income and expenditures, ensure statutory compliance, and provide investors,
management, and government with quantitative financial information which can
be used in making business decisions.

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How Accountants Help The World

The profession has long

adhered to the notion that
with power comes
responsibility. CPAs from
the Millennial generation
contribute in many ways,
including volunteering,
working for not-for-profits
(NFPs), serving on NFP
boards, donating money, and
promoting practice areas
such as sustainability
accounting 6
Thanks