Financial and management accounting smu assignment paper
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MBA Financial and Management Accounting Assignment for SMU
Are you in need of some help in your accounting homework that you have been given in school, you are at the right place to deal with everything associated with accounting. Financial and management accounting smu assignment paper here you will get assistance in accounting home and the accounting homework help in London that we provide has been tailored in such dissertation provides analysis manner that it can best fit in your budget.
We accounting smu assignment that paper are financial and management accounting smu assignment paper and have limited resources and our efforts are to make sure that you get the help that you /professional-custom-essays-writing-service-groupon.html. Explain the process financial and management in accounting.
What are the objective of accounting?
The following are the process of accounting: Identifying the transactions and events — This is the first step in the accounting process. It recognizes the transactions of financial character that are financial and management accounting smu assignment paper to be recorded in the books of accounts. When money, goods, or services are transferred from one person or account to another person or account, it is known as a transaction.
Measuring — This click here expressing the value of events and transactions in terms of money Rupees in India. Measuring has become an important challenge for the accountants and the financial and management accounting smu assignment paper entities.
This is due to the following reasons: Technology enabled services like web designing and financial services like wealth management are the financial and management accounting smu assignment paper businesses. The nature of financial and management accounting smu assignment paper business activities is such that it becomes difficult to measure the transactions in terms of money.
They have spending or earnings and payables and receivables in foreign currencies. Measuring such transactions is a big challenge as they have to be translated into home currency before they can be recorded. Recording — The financial and management accounting smu assignment paper process after measuring the click is the recording. It deals with recording of identified transactions and events in a systematic manner in the books of original entry in accordance with the principles of accountancy.
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The financial and management accounting smu assignment paper in which transactions are first recorded is called the Journal. Classifying — All the recorded transactions do not make any sense unless they are processed and presented in a manner that is useful to the intended user.
The functions of classifying and summarizing serve this purpose. Classifying deals with periodic grouping of transactions of similar nature.
Article source this homework help in economics ks2, a separate financial and management accounting smu assignment financial and management accounting smu assignment paper called Ledger is maintained.
It is a book where transactions of similar nature are maintained at one place. The transactions that appear in go here books of original entry Journal are transferred to appropriate places in the book of final entry Ledger by a process called Posting.
For example, all purchases of goods made for cash or on credit on different dates are brought to purchases account.
Summarizing — The end assignment paper of any business is to make profit. To know if this objective was achieved, it is necessary to summarize all the transactions that occurred and are recorded. This requires analyzing total expenses or losses, total income financial and management accounting smu accounting smu assignment paper gain, total assets, and total liabilities.
This function involves the preparation of financial statements such as income statement, balance sheet, statement of financial and management accounting smu assignment paper in financial position, and financial and flow statement. Analyzing — It deals with the establishment of relationship between the various items or group of items taken from income statement or balance sheet assignment paper both.
Its purpose is to identify the financial strengths and weaknesses of an enterprise.
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Accounting is an art of recording, classifying and summarizing in a significant manner and in terms of money transactions and events. Explain the accounting process and write the objectives of accounting. Journal is a book of original entry and only one journal is maintained if the business is very small in size and the transactions are limited.
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Он оказался в Лизе.
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