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1- Cost Accounting 2 - Financial Accounting 3 - Management Accounting
1 - Cost accounting 2 - Financial accounting 3 - Management accounting
Following are major categories of accounting: 1 - Cost accounting 2- Financial accounting 3 - management accounting
1. Financial Accounting 2. Cost Accounting 3. Management Accounting 4. Social Accounting 5. Human Resource Accounting 6. National Accounting
Hope this'd be a known concept that every single business person deals with.Let me just give a gist of the accounting phases here:1. The most important aspect would be - Identification of the transactions and getting it recorded. Literally, this would make up the next level of happenings in the accounting industry.2. Secondly, you're in need to sort them in an order and get them classified to the concerned categories. Could either be your income or your expenditure. Just get that sorted according to your company's ledger.3. Yup! Now you've to sum up the records that are classified and get them presented. This helps to manage your cash flow in a better way.4. Submitting the record, you'll be able to finalize if you want to improve your business revenue or so.These #4 aspects will draw a picture for the accounting phases :)
The four phases of accounting are: identification and record, sorting and classification, summarizing and presentation, and interpretation. The first two involves creating a log of financial transactions and categorizing them. Summarizing is the creation of charts, while interpretation is coming up with solutions to increase profit.
government accounting requires the executive to (1) state the amount, nature, and purpose of the planned expenditure and the taxes needed to fund it, (2) ask for and obtain approval from the legislature
1- Cost Accounting 2 - Financial Accounting 3 - Management Accounting
1 - Cost accounting 2 - Financial accounting 3 - Management accounting
Following are major categories of accounting: 1 - Cost accounting 2- Financial accounting 3 - management accounting
1. Financial Accounting 2. Cost Accounting 3. Management Accounting 4. Social Accounting 5. Human Resource Accounting 6. National Accounting
Hope this'd be a known concept that every single business person deals with.Let me just give a gist of the accounting phases here:1. The most important aspect would be - Identification of the transactions and getting it recorded. Literally, this would make up the next level of happenings in the accounting industry.2. Secondly, you're in need to sort them in an order and get them classified to the concerned categories. Could either be your income or your expenditure. Just get that sorted according to your company's ledger.3. Yup! Now you've to sum up the records that are classified and get them presented. This helps to manage your cash flow in a better way.4. Submitting the record, you'll be able to finalize if you want to improve your business revenue or so.These #4 aspects will draw a picture for the accounting phases :)
1. Breath In 2. Breath Out
Frank Wood has written: 'Frank Wood's A-Level Accounting' -- subject(s): Accounting, Examinations, Study guides 'Stage 2 financial accounting' -- subject(s): Accounting 'Principles of Accounts for the Caribbean' 'Accounting and finance' 'Business accounting 2 (missing pages 125-148, 189-200)' 'Business accounting 1 & 2' 'Frank Wood's Business Accounting' 'Frank Wood's book-keeping and accounts' 'Principles of accounts' -- subject(s): Accounting 'Teacher's manual, Business accounting 1'
melanie
Waxing and waning.
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