Standards and conventions of accounting, Accounting Basics

Investigate the principles, standards and conventions of accounting by:

  •   assessing  the need for financial information, its purpose and limitations
  •   analysing the role of accounting conventions in the management of finance for a given organisation

Assignment 
 
Explore the nature and use of financial information by:

  •  analysing the quality and usefulness of published financial information for a given organisation

Assignment 3
 
Examine the interpretation and analysis of financial information by:

  •   interpreting and evaluating the financial position of your organisation or an organisation that is well known to you to establish financial trends

Reflective Learning Statement
 
Explain how the main themes of this unit have impacted (or could in the future) on your work role  - you should include an analysis of your strengths and weaknesses relating to this unit both at the start and end of the unit.

Posted Date: 2/19/2013 3:16:58 AM | Location : United States







Related Discussions:- Standards and conventions of accounting, Assignment Help, Ask Question on Standards and conventions of accounting, Get Answer, Expert's Help, Standards and conventions of accounting Discussions

Write discussion on Standards and conventions of accounting
Your posts are moderated
Related Questions
Management accounting and financial accounting Accounting is generally seen as having two different strands which are: ? Management accounting that seeks to meet accounting

The analysis focused primarily on the role, structure and funding arrangements for the International Accounting Standards Board (IASB), an entity that has been responsible for majo

Identify and explain the two ratios that are used to assess the solvency of a business.

Received and paid the telephone bill for $231 including GST

An invoice for product X totals $1,200 and is dated July 6, 2000 with terms 2/10-60X. If the invoice is paid on September 3, 2000, what is the net amount of payment? A. $912

Advantages and disadvantages of FIFO The FIFO method has four main advantages (a) it is easy to apply (b) the assumed flow of costs corresponds with the normal physical flow o

Compute each of the following amounts Company reported current assets of $80,000, non-current assets of $350,000, current liabilites of $32,000 and long term liabilities of $120,00

Q. What is Estimated useful life? The estimated useful life of an asset is the approximate time that a company can use the asset. Useful life is estimation not an exact measure

Materiality Concept: There are several events in business that are trivial or insignificant in nature. The cost of reporting and recording such events will not be justified th