Accounting

Foundational Concepts of the AIS

Foundational Concepts of the AIS

Accounting Information System (AIS) a system that captures, records, processes, and reports accounting information. Business Process – a prescribed sequence of work steps completed in order to produce a desired result. Accounting information system is normally the computer-based method f.....

Read More »

Introduction to Accounting Information System

Introduction to Accounting Information System

It is a lecture on Introduction to Accounting Information System. An accounting information system (AIS) is a structure that a organization works by using to collect, store, processes, retrieve and document its financial info so that it can be used by accountants, experts, business analysts, man.....

Read More »

Lecture on Introduction To Accounting (Part 3)

Lecture on Introduction To Accounting (Part 3)

Accounting is the backbone of business. Ethical and professional accounting forms a clear financial image of a business, and allows managers to make informed decisions, keeps investors abreast of developments in the business, and keeps the business profitable. It is also one of the oldest profess.....

Read More »

Lecture on Introduction To Accounting (Part 2)

Lecture on Introduction To Accounting (Part 2)

Accounting  in accruals for defined as recognition of revenue or expenses before cash is received or paid. However, accrual accounting does not only relate to events with cash moving afterwards, but also to situations with cash moving before recognition of revenue or expenses. More Part- Lecture.....

Read More »

Lecture on Introduction To Accounting (Part 1)

Lecture on Introduction To Accounting (Part 1)

Accounting is a process of accumulating, summarizing and communicating financial information.  Financial information can be of different types and serve different purposes, but it all comes from the same function  accounting. More Part- Lecture on Introduction To Accounting (Part 1) Lecture on .....

Read More »

Accounting Basics

Accounting Basics

Accounting Basics Basic Accounting Model: Assets = Liabilities + Owners Equity Assets: The following are examples of items classified as assets: • Cash • Notes Receivable • Accounts Receivable • Prepaid Expenses • Land • Buildings • Equipment, Furniture and Fixtures Liabilities: The.....

Read More »