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    This document outlines the stages of an accountancy journey, beginning with bookkeeping which involves recording transactions for partnerships, corporations and sole proprietorships. The second stage is accounting analysis, which involves interpreting financial ratios. The third stage is auditing, which takes place after financial statements are prepared and involves obtaining and comparing management's assertions to established criteria to establish accuracy. Bank reconciliation is provided as an example of evidence used to prove accuracy.

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    This document outlines the stages of an accountancy journey, beginning with bookkeeping which involves recording transactions for partnerships, corporations and sole proprietorships. The second stage is accounting analysis, which involves interpreting financial ratios. The third stage is auditing, which takes place after financial statements are prepared and involves obtaining and comparing management's assertions to established criteria to establish accuracy. Bank reconciliation is provided as an example of evidence used to prove accuracy.

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    © All Rights Reserved
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    2 views1 page

    Bi

    Uploaded by

    micolle
    This document outlines the stages of an accountancy journey, beginning with bookkeeping which involves recording transactions for partnerships, corporations and sole proprietorships. The second stage is accounting analysis, which involves interpreting financial ratios. The third stage is auditing, which takes place after financial statements are prepared and involves obtaining and comparing management's assertions to established criteria to establish accuracy. Bank reconciliation is provided as an example of evidence used to prove accuracy.

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    ACCOUNTANCY JOURNEY

    1. Bookkeeping – partnership, corporation, and sole proprietorship


    2. Accounting proper/ Accounting analysis
    3. Auditing – after the fs
    - It is process of obtaining
    - Comparing assertion or management to criteria
    - Establish criteria “PFRS”
    Bookkeeping - Recording, classifying, and summarizing in the trial balance
    Accounting – interpret the financial ratio.

    Bank reconciliation – one of the evidence to prove the accuracy.

    Jan-April

    INV 10M

    PAYABLE 10M

    RECEIVABLE 10M

    INV. 10 M

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