Accounting
Financial Accounting | Managerial Accounting
Accounting is the process of recording a firm's financial transactions in appropriate book-keeping records and of summarizing this information in the form of accounting reports, using acknowledged methods and conventions.
Accounting attempts to create accurate financial reports that are useful to managers, regulators, and other stakeholders such as shareholders, creditors, or owners.
Accounting is the discipline of measuring, communicating and interpreting financial activity. Accounting is also widely referred to as the language of business.
The day-to-day record-keeping involved in this process is known as bookkeeping.
Financial accounting is geared to the preparation of summary reports for the shareholders or owners of the business.
Financial Accounting
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Sole Trader Accounting
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Partnership Accounting
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Company Accounting
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Clubs & Societies Accounting
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Journals, Ledgers, Balance Sheet, Trial Balance, Revenue Statement
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Cash flow and Cash flow Projections
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Accounts Analysis and Interpretation
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Valuation and Accounting for Inventory
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Managing Inventories
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Valuation of Assets
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Income Determination
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Purchasing Assets
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Capital and Revenue Expenditure
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Goods & Services Tax
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Depreciation
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Payroll Accounting
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Managing Accounts Receivables
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Accounts Payables
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Accounting Controls
- Debt Collections
Managerial Accounting is the phase of accounting concerned with providing information to managers for use in planning and controlling operations and in decision making.
Management Accounting practice extends to the areas of:
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Strategic Management
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Performance Management
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Decision Making
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Risk Management
Managerial Accounting
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Managerial Accounting and the Business Environment
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Cost Terms, Concepts, Classifications
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Classification of Labour Costs
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Job-Order Costing
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Overhead Rate and Capacity
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Process Costing
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FIFO Method
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Cost Behaviour, Analysis and Use
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Cost-Volume-Profit Relationships
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Variable Costing
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Activity-Based Costing
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Profit Planning
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Economic Order Quantity and Reorder Point
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Standard Costs and Balanced Scorecard
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General Ledger Entries to Record Variances
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Flexible Budgets and Overhead Analysis
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Segment Reporting
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Profitability Analysis
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Decentralization
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Relevant Costs for Decision Making
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Capital Budgeting Decisions
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Income Taxes in Capital Budgeting
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Service Department Costing
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Statement of Cash Flows
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Analysis of Financial Statements
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Pricing Products and Services
- Quality Management
