Learning objectives of accounting, Accounting Standards

Assignment Help:

Q. Learning objectives of Accounting?

  • Describe and identify the three basic forms of business organizations.
  • differentiate between the three types of activities performed by business organizations.
  • Illustrates the purposes and content of the income statement, balance sheet, statement of retained earnings and statement of cash flows.
  • State the fundamental accounting equation as well as describe its relationship to the balance sheet.
  • Using the underlying concepts or assumptions and analyze business transactions and determine their effects on items in the financial statements.
  •  Prepare a statement of retained earnings, an income statement and a balance sheet.
  •  Use and Analyze the financial results-the equity ratio.

Related Discussions:- Learning objectives of accounting

What is social accounting, Question : (a) In relation to a non-profit o...

Question : (a) In relation to a non-profit organization describe social accounting and describe its main aims. (b) What are the needs an organisation wants to satisfy throug

Imputed interest, Imputed Interest - If no interest or an unrealistic amoun...

Imputed Interest - If no interest or an unrealistic amount of interest is charged in a salve involving certain kinds of deferred payments, then transaction would be treated as if r

Accounting for government and nonprofit 15 edition - wilson, What is the di...

What is the difference between governmental type activities and business type activities and can you give some examples of each?

When do I have to book a multi-year pledge, Hi, I work at a non-profit tha...

Hi, I work at a non-profit that recently received a $250,000 stock donation which is payment for a $1M pledge. The donor has written in an e-mail that he would like to give us th

Accounts receivable, These are amounts owed to the company through debtors....

These are amounts owed to the company through debtors. This is the purpose why we also utilize the term sundry debtors to indicate the amounts owed to the firm. This signifies amou

Fixed assets, Fixed Assets These are tangible, relatively long-lived it...

Fixed Assets These are tangible, relatively long-lived items owned through the business. The benefit of these assets is obtainable not only in the accounting period wherein the

Development costs in its financial statements , AB Limited is a manufacturi...

AB Limited is a manufacturing entity that runs a number of operations including a bottling plant that bottles carbonated soft drinks. AB has been developing a new bottling process

American accounting association, Consisting mainly of accounting educators ...

Consisting mainly of accounting educators the American Accounting Association (AAA) has sought to encourage research and study at a theoretical level into the concepts or standards

Cash, It is generally taken to include currency or legal tender, cheques or...

It is generally taken to include currency or legal tender, cheques or any other document which circulates as cash. It is generally classified like a current asset while it is acces

Governmental accounting standards board, In 1984 the Governmental Accountin...

In 1984 the Governmental Accounting Standards Board (GASB) was recognized with a fulltime chairperson and four part-time members. The GASB issues statements on financial and accoun

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd