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Accounting and Finance Concepts for the Non-Accountant Presentation

Accounting and Finance Concepts for the Non-Accountant Presentation



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Published by MUNAWAR ALI

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Published by: MUNAWAR ALI on Jan 26, 2009
Copyright:Attribution Non-commercial


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1ACCOUNTING AND FINANCE CONCEPTSFOR THE NON-ACCOUNTANTI. Purpose of Financial AccountingII. Purpose of Managerial AccountingIII. Financial Statements
Purpose and RelationshipsA. Balance SheetB. Income StatementC. Statement of Changes in Financial PositionIV. Accounting ProcessA. Recording TransactionsB. Chart of AccountsC. General LedgerV. Balance SheetA. AssetsB. LiabilitiesC. EquityVI. Income StatementA. RevenueB. Expense
2C. Net Income (Loss)VII. Effects of Transactions on the Balance Sheet EquationVIII. Statement of Changes in Financial PositionA. SourcesB. UsesIX. Comparison of Balance Sheet Accounts Based on Accounting BasisA. CashB. Modified CashC. AccrualX. Financial Statement AnalysisA. Rate of Return on AssetsB. Accounts Receivable TurnoverC. Inventory TurnoverD. Current RatioE. Quick RatioF. Working Capital RatioG. Gross Profit RatioH. Net Profit RatioI. Gross Collection RatioJ. Net Collection RatioK. Contribution Margin
3XI. PayrollA. Employer Taxes1. Federal Unemployment2. State UnemploymentB. Employer/Employee Taxes1. Medicare Tax2. Social Security Tax
C. Workers‟ Compensation
 XII. Internal ControlsA. Elements of a SystemB. Management of ResponsibilitiesC. ProceduresD. ChecklistXIII. Overhead AnalysisA. Basis of CalculationsB. Important MeasuresC. Other BasesD. BenchmarkingXIV. Relative Value Units

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anon_577001838 liked this
Jeremy Hui Wen Xuan added this note
will u be able to email me ur docs to chaoticbusher@gmail.com? thanks!
premprakash145 liked this
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sjrhughes added this note
This is very easy to understand for our staff in the practice to understand the concept of financial accounting. Would you be able to email a copy of the document to sinclair@incisive.co.nz Thank you.

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