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HIGHLIGHTS

Author: UJ Consulting

Immediate, digital download

File Type: 47-slide PowerPoint presentation (PPT)

BENEFITS OF DOCUMENT

Provides of The role of accounting in business.
Provides of The development of accounting principles and relate them to practice.
Provides of How business transactions can be stated in terms of the resulting change in the basic elements of the accounting equation.

DOCUMENT DESCRIPTION

This product (Accounting and Business) is a 47-slide PowerPoint presentation (PPT), which you can download immediately upon purchase.

Accounting and Business

Lecture Outline
1. The nature of a business.
2. The role of accounting in business.
3. The importance of business ethics and the basic principles of proper ethical conduct.
4. The profession of accounting.
5. The development of accounting principles and relate them to practice.
6. State the accounting equation and define each element of the equation.
7. How business transactions can be stated in terms of the resulting change in the basic elements of the accounting equation.
8. The financial statements of a proprietorship and explain how they interrelate.
9. Use the ratio of liabilities to owner's equity to analyze the ability of a business to withstand poor business conditions.

Accounting is the way a business keeps track of its operations. Accountants analyse the business finances so the owner can make better decisions. This information is organized into reports that show the financial health of a business.

Accounting helps business owners meet their compliance obligations. It also helps them make smart decisions with their money.

Business accounting is the systematic recording, analysing, interpreting and presenting of financial information. Accounting may be done by one person in a small business, or by different teams in large organizations.

Accounting refers to the systematic and detailed recording of financial transactions of a business. There are many types, from accounting for small businesses, government, forensic, and management accounting, to accounting for corporations.

Why Is Accounting 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.

There are three key financial statements generated by your records.

1. The income statement provides you with information about the profit and loss
2. The balance sheet gives you a clear picture on the financial position of your business on a particular date.
3. The cash flow statement is a bridge between the income statement and balance sheet and reports the cash generated and spent during a specific period of time.

It is critical you keep your financial records clean and up to date if you want to keep your business afloat. Here are just a few of the reasons why it is important for your business, big or small!

Got a question about the product? Email us at [email protected] or ask the author directly by using the "Ask the Author a Question" form. If you cannot view the preview above this document description, go here to view the large preview instead.

Source: Best Practices in Management Accounting, Small Business, Business Basics PowerPoint Slides: Accounting and Business PowerPoint (PPT) Presentation, UJ Consulting

ABOUT THE AUTHOR: UJ CONSULTING

UJ Consulting

Untung Juanto ST., MM. Founder of UJ Consulting. He is professionally experienced business and management consultant in several local and multinational companies. [read more]

UJ Consulting has published 168 additional documents on Flevy.

DETAILS

This business document is categorized under the function(s): Corporate Finance

It applies to All Industries

File Type: PowerPoint (ppt)

File Size: 2.1 MB

Number of Slides: 47 (includes cover, transition, & marketing slides)

Purchase includes lifetime product updates. After your purchase, you will receive an email to download this document.

Initial upload date (first version): Mar 20, 2022
Most recent version published: Mar 23, 2022

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This bundle contains 8 additional documents.

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