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Accounting Information System- Lecture 13
 
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Accounting Information Systems- Human Resources, Fixed Assets, Production and Financing Processess Chapter 13 Professor Cooperberg Please visit our website at http://raw.rutgers.edu Time Stamps: 0:01 Openning Chapter 0:27 Study Objectives 0:38 HR and Fixed Asset Process 1:22 Human Resource Processes 02:39 Human Resource Management 04:05 The Two Sides of the Human Resource Process 05:05 Human Resources Management- Input 06:35 Human Resource Management- Output 07:12 IT System for Payroll Processes 09:09 Ethical Issues Related to Payroll Processes 09:38 Fixed Assets Processes 11:54 Fixed Assets Mangement Objectives 13:10 Fixed Assets Management- Input 14:02 Fixed Assets Management- Output 14:22 Fixed Assets Processes 16:52 IT System for Fixed Assets Processes 17:11 Ethical Issues Related to FA Processes 19:40 Conversion Processes 19:47 Basic Feature of Conversion Processes 20:59 Conversion Process Inputs 23:09 Conversion Process Outputs 24:03 Basic Features of Conversion Processes 24:33 Components of the Logistic Function 26:36 IT Systems for Conversion Processes 27:21 IT Drives Modern Cost Accounting System 28:26 IT Systems of Conversion Processes Summary: In this lecture, Professor Cooperberg discusses human resources, fixed assets, and production. He explains the resource management process and the conversion process. He illustrates the fixed assets’ objective, management input and output, the two sides of the human resources process, the IT system, and ethical issues. Professor Cooperberg goes on to discuss the conversion processes, basic features of the conversion processes, and the components of the logistics function. He concludes with an explanation of the IT system for conversion processes and illustrates how IT drives modern cost accounting systems. Please subscribe to our channel to get the latest updates on the RU Digital Library. To receive additional updates regarding our library please subscribe to our mailing list using the following link: http://rbx.business.rutgers.edu/subscribe.html
Qualitative Characteristics of Accounting Information - CPA FAR Review
 
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Qualitative characteristics of accounting information Examples of information that enhance understanding about the entity: Ability of the entity to generate future net cash inflows An entity's economic resources (assets) and claims to those resources (liabilities) Primary characteristics of accounting information 1. Relevance: if it makes a difference to decision makers __ # Predictive value: if it assists decision makers in forming expectations about future events __ # Confirmatory value: if it confirms or changes expectations based on previous evaluations ____ i.e. reported earnings for a period beats market expectations, then it has confirmatory value __ # Materiality: if it will impact a user's decision 2. Faithful representation: if it portrays the economic substance of the phenomenon, or reported information and reality or situation are in agreement __ # Completeness: if it includes all data necessary to be faithfully representative __ # Neutral: when it is free from any bias __ # Free from error: if there are no omissions or errors. Enhancing characteristics of accounting information ______ + Comparability: if it enables users to identify similarities and differences between sets of information. ______ + Verifiability: if it agrees with different knowledgeable and independent sources' conclusions ______ + Timeliness: if it is presented in time to make a difference to the decision maker ______ + Understandability: if the user can comprehends it within the decision context at hand * Users are assumed to have a reasonable business and accounting understanding and to study the information with reasonable diligence. __________________________________________________________________________________________________ From Accounting Conception Summary The FASB's Statements of Financial Accounting Concepts 1. Objective of financial reporting __ a) to provide information to enhance investors' and creditors' understanding about the entity 2. Qualitative characteristics of accounting information __ a) Primary qualitative characteristics ____ i.Relevance ______ # Predictive value ______ # Confirmatory value ______ # Materiality ____ ii. Faithful representation ______ # Completeness ______ # Neutrality ______ # Free from error __ b) Enhancing qualitative characteristics ______ + Comparability ______ + Verifiability ______ + Timeliness ______ + Understandability 3. Accounting assumptions __ a) Entity Assumption __ b) Going Concern Assumption __ c) Unit-of-Measure Assumption __ d) Time Period Assumption 4. Basic accounting principles __ a) Concepts of Measurement __ b) Revenue Recognition Principle __ c) Expense Recognition Principle __ d) Full Disclosure Principle 5. Cost constraint the cost of providing the information should not exceeds its benefit
Views: 5608 Faithful Runner
Accounting Information Systems | The Function of Accounting Information
 
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http://www.accountinginformationsystems.org/ - An accounting information system (AIS) is a system of collection, storage and processing of financial and accounting data that is used by decision makers. An accounting information system is generally a computer-based method for tracking accounting activity in conjunction with information technology resources. The resulting statistical reports can be used internally by management or externally by other interested parties including investors, creditors and tax authorities. The actual physical devices and systems that allows the AIS to operate and perform its functions Internal controls and security measures: what is implemented to safeguard the data Model Base Management
Views: 1327 mojosocial
Accounting Information Systems- Lecture 6
 
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Accounting Information Systems- Logical Data Modeling (and Chang Chapter1) Chapter 8 Professor Cooperberg Please visit our website at http://raw.rutgers.edu Time Stamps 0:04 Logical Data Modeling 0:47 Study Objectives 1:20 From analysis to design 2:19 Entity- Relationship Diagrams 4:12 Cardinalities 15:41 Cardinalities- Crow's Feet Conventions 15:49 Extended- Entity Relationship Model (EER) 21:15 REA Models 23:49 REA General Diagrams 24:36 Basic Economics Dualities 26:25 Overall REA Model 29:10 REA: Revenue and Expenditure Cycles 30:58 REA - Cherokee Art and Antiques 47:24 Data Flow Diagram (DFD) 48:06 Context Level Data Flow Diagram 48:51 Level 0 Data Flow Diagrams 51:40 Level 1 Data Flow Diagrams 53:03 The 9 Steps Process of Database Design Summary In this lecture, Professor Cooperberg teaches logical data modeling. He introduces the following topics: entity- relationship diagrams, cardinalates, REA models, and the context level data flow diagrams. He explains each topic in detail and provides examples of how they each apply to the accounting information systems. Please subscribe to our channel to get the latest updates on the RU Digital Library. To receive additional updates regarding our library please subscribe to our mailing list using the following link: http://rbx.business.rutgers.edu/subscribe.html
11 Users of Accounting
 
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11 Users of accounting information In this lesson we learn about users of accounting information. Accounting helps users in making better financial decisions. But you may be wondering: • Who are the users of accounting information? • What information do the users need? Users of accounting are both internal and external to the organization. Internal users include owners, managers and employees of the business. Owners Owners need to know how well their business is performing. Owners assess the profitability and risk of their investment from financial statements. Managers Managers require accounting information to prepare budgets that specify how an organization plans to use its limited resources. Managers also need accounting information to monitor the performance of the organization and to make business decisions. Employees Employees are interested in knowing how well a company is performing as it could have implications for their job security and income. Employees working in the finance department prepare, summarize and report accounting information for other users. External users of accounting include investors, lenders, suppliers, customers, tax authorities, government, auditors and public. Investors Investors need to know how well their investment is performing. Investors rely on financial statements to assess the profitability, risk and worth of their investment. Lenders Lenders require accounting information of borrowers to assess their credit worthiness. Suppliers Like lenders, suppliers also need accounting information of customers to assess their credit worthiness. Customers Industrial customers need accounting information of suppliers to assess their ability to deliver goods and services on a reliable basis in the future. Tax Authorities Tax authorities review accounting information of businesses to determine whether they declared the correct amount of tax in their tax returns. Government Regulatory agencies of government review accounting information of organizations to monitor compliance with accounting and financial regulations. Auditors Auditors inspect the financial statements and accounting records of organizations to determine their accuracy. Public General public may also be interested in the accounting information of a company. These could include journalist, analysts, academics, activists and other individuals with an interest in economic developments. Additional Reading: https://accounting-simplified.com/financial/introduction/users-of-accounting-information.html
UNSW Business School Majors: Accounting
 
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As you progress into the first year of studies at UNSW, you might be thinking about the major(s) you wish to choose as part of your UNSW Business School program. Accounting involves the analysis of information to effectively manage business resources. It guides investment decisions and facilitates interaction between business and stakeholders. The Accounting major is designed for students who are interested in becoming accounting and finance professionals, and complements studies in Finance, Information Systems, Taxation, Marketing, Management or other business disciplines. Students can complete this and most other double majors and still be recognised by the professional Accounting bodies. If you have any questions concerning choosing Business School Majors, please contact the Business School First Year Advisor on 9385 3189 or email [email protected] Alternatively, you can get in touch with our Undergraduate Program Coordinators: https://www.business.unsw.edu.au/students/resources/student-centre/helpful-resources/undergraduate-program-coordinators
ACCURATE qualities of good Accounting Information - A-Z of business terminology
 
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Short video on the qualities of good accounting information for accounting and business students. More A-Z of business terminology http://accountingcollege.co.uk/
Views: 729 Accounting College
Human Resource Accounting
 
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“HRA is a process of identifying and measuring data about human resources and communicating this information to interested parties.” Models of Human Resource Accounting Cost Models Present Value Models Historical or Acquisition Cost Model Replacement Cost Model Individual Replacement Cost Positional Replacement Cost Opportunity Cost Model Present value methods try to measure economic value rather than simply record investment in human resources at historic or replacement cost. Present value models seeks to measure the value of human resources on the basis of present value of the services to be generated by the employees of an organisation in future. By discounting the future salaries and employee related capital costs (such as cost incurred on recruiting, training and developing employees) by a certain rate of discount,.
Views: 6379 DVRamanaXIMB
Accounting Information System
 
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This system identifies, records, summarizes and communicates the various transactions of a company.
Views: 3126 srauterkus
Users of Accounting Information - ( Internal and External )
 
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Who are the Users of Financial Information and why they need it? Follow me at Instagram at - https://www.instagram.com/lavish.mahajan/ Users of Accounting Information - Internal & External Accounting information helps users to make better financial decisions. Users of financial information may be both internal and external to the organization. Internal users (Primary Users) of accounting information include the following: Management: for analyzing the organization's performance and position and taking appropriate measures to improve the company results. Employees: for assessing company's profitability and its consequence on their future remuneration and job security. Owners: for analyzing the viability and profitability of their investment and determining any future course of action. Accounting information is presented to internal users usually in the form of management accounts, budgets, forecasts and financial statements. External users (Secondary Users) of accounting information include the following: Creditors: for determining the credit worthiness of the organization. Terms of credit are set by creditors according to the assessment of their customers' financial health. Creditors include suppliers as well as lenders of finance such as banks. Tax Authourities: for determining the credibility of the tax returns filed on behalf of the company. Investors: for analyzing the feasibility of investing in the company. Investors want to make sure they can earn a reasonable return on their investment before they commit any financial resources to the company. Customers: for assessing the financial position of its suppliers which is necessary for them to maintain a stable source of supply in the long term. Regulatory Authorities: for ensuring that the company's disclosure of accounting information is in accordance with the rules and regulations set in order to protect the interests of the stakeholders who rely on such information in forming their decisions.
Views: 3226 Lavish Gupta
Dog ate your financial data? Accounting resources on CanadaBusiness.ca
 
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Find information resources on CanadaBusiness.ca to help your business with accounting. Visit http://ow.ly/tlKH305pII3 LET'S CONNECT! http://facebook.com/CanadaBusiness http://twitter.com/CanadaBusiness
Why Accounting
 
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Why do we need Accounting and who are the people that use accounting information? More videos, tasks, quizzes, handouts and other resources can be found at https://meyerflippedlearning.com/#!/home
Views: 1314 Bernd Meyer
What Is the Importance Of Accounting?
 
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Do you want to know What Is the Importance Of Accounting? Explore accredited online Accounting Courses at Brentwood Open Learning College: http://www.bolc.co.uk. Accounting constitutes various inter connected activities from collecting and recording information to analysing, evaluating and finally communicating it to interested parties. Information is meaningless unless it fulfils a specific purpose. There are various internal and external stakeholders in a business organization such as its managers, shareholders, employees, customers, creditors, competitors. Accounting is required to account for the economic resources in all business and non-business activities.In business organizations such as, manufacturing or trading entities and in non-business organizations such as, schools, colleges, hospitals, libraries, etc.Language serves as a means of communication; therefore, accounting is the language of business.It assists in keeping and managing record of transactions of a business or a firm; It not only provides useful information about all the financial operations of a business but also highlights net gains or any loss made at the end of a financial year, and thus, it draws an accurate picture of the business. It also helps in making important economic decisions by analysing the past performance. A certificate or diploma in accounting and finance helps you learn skills that are helpful in a variety of industries. Brentwood open learning college proudly offers range of highly regarded accounting and finance courses to help students gain skills and compete in modern world. Certificate in accounting and finance level 2 is designed to deliver the essential fundamentals and knowledge to students. Certificate in accounting and finance level 2 comprises four valuable units: Introduction to Accounting, The Key Reports, Tools for Financial Analysis, and The Basics of Budgeting. Certificate in accounting and finance level 3 improves skills in students by providing invaluable knowledge about contemporary accounting and finance methods. This course consists following six units: Introduction to Accounting and Finance, Role of an Accountant, The Balance Sheet, Profit and Loss Accounts, Cash Flow Statement and Budgeting. Diploma in accounting and finance level 4 is highly regarded course to equip students with skills and knowledge according to requirements of contemporary world. Diploma in accounting and finance level 4 is divided in following thirteen units: Introduction to Accounting, The Role of an Accountant, Accounting Concepts and Standards, Journals and Subsidiary Books, Profit and Loss Accounts, Balance Sheet, Cash Flow Statements, Budgeting, Variance Analysis, Ratio Analysis, Financial Management, Management of Working Capital and Investment Methods. Study material helps students to manage the complexities and problems faced while maintaining records of accounts. Students learn at their own pace and convenient timings. facebook : https://facebook.com/bolconline Twitter : https://twitter.com/bolcuk Google+ : https://plus.google.com/+BrentwoodOpenLearningCollege
Human Resources Accounting
 
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Views: 3043 NIMT
Accounting, Strategy and Control
 
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The following are short introductory videos from the teaching faculty of the accounting courses. The videos will explain how the unit is assessed. For further information, please visit http://www.lse.ac.uk/resources/calendar/Default.htm. Please note that not all available courses have a video, so be sure to consult the course leaders for full details.
Accounting information system Wikipedia EDUCATIONPROCESSANDSUCCESS
 
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ey, Guys! welcome to my channel. My name is Rijwanur.I love to make Education VideosAccounting information system[edit] Main article: Accounting information system Many accounting practices have been simplified with the help of accounting computer-based software. An Enterprise resource planning (ERP) system is commonly used for a large organisation and it provides a comprehensive, centralized, integrated source of information that companies can use to manage all major business processes, from purchasing to manufacturing to human resources. Accounting information systems have reduced the cost of accumulating, storing, and reporting managerial accounting information and have made it possible to produce a more detailed account of all data that is entered into any given system. Anyways! Make Sure to Subscribe For Daily Videos On GTA, learn Wheels, More education knowledge And Of Course Endless knowledge Moments! Facebook https://www.facebook.com/Education-Pr... If you Contact Me! Then Give me a Mail # [email protected] Keyword #Insurance #Loans #Mortgage #Attorney #Credit #Lawyer #Donate #Degree #Hosting #Claim #Conference Call #Trading #Software #Recovery #Transfer #Gas/Electricity #Classes #Rehab #Treatment #Cord Blood #Financial Analysis #Finance #Investment #Banking #Investment Banking #Education #university #Accounting #Economics #Economics Development #Forex #central bank #Credit Trading # Financial team and congestion #business #insurance company #management #marketing #loans with bad credit, #loans for unemployed, #loans and advances, #Online Loans system policy, #Mortgage And Attorney, #business loans, #loans credit, #difference Mortgage policy, # difference Attorney system #mortgage calculator, #mortgage rates, #mortgage note, #mortgage loan, #mortgage statement, #attorney general, #attorney at law, #attorney business cards, #attorney logo, # attorney resume samples, #credit card, credit score, #credit card number, #credit note, #credit suisse, #Personal Injury Lawyer, #types of lawyer, #the lincoln lawyer, #Mesothelioma, #law firm california, #atlanta asbestos lawyers, #philadelphia asbestos lawyers, #firm law mesothelioma, #Asbestos Lawyers #oncology doctors, #MBA Degree, #BBA Degree, #High School, MBBS, #online degree, #mba programs, #online mba programs Tag Insurance, Loans, Mortgage, Attorney, Credit, Lawyer, Donate, Degree, Hosting, Claim, Conference Call, Trading, Software, Recovery, Transfer, Gas/Electricity, Classes, Rehab, Treatment, Cord Blood,Financial lAnalysis,Finance,Investment,Banking,Investment Banking,Education,university,Accounting,Economics,Economics Development,Forex,central bank,Credit Trading, financial team and congestion,business,insurance company,marketing,management college, advice, success, online, course, ig, mixed, blonde, creole, beauty, fashion, student, Ohlone, Fremont, bay, area, Chabot, uni, Students, Campus, School, Graduation, Education, Community, Study, Class, Random, Program, Wisdom, Graduate, Degree, organize, Business fashion, style, Vivian, zhu,vzhux3, studying, how, to, study, school, taking, take, class, notes, outline, notebook, tips, tricks, College, University, Student, Book, Help, Books, Education, for, tests, exams, Test (assessment), middle, high school, learn, outlining, let's talk,loans with bad credit, loans for unemployed, loans and advances, Online Loans system policy, Mortgage And Attorney, business loans, loans credit, difference Mortgage policy, difference Attorney system mortgage calculator, mortgage rates, mortgage note, mortgage loan, mortgage statement,attorney general, attorney at law, attorney business cards, attorney logo, attorney resume samples,credit card, credit score, credit card number, credit note, credit Suisse,Personal Injury Lawyer, types of lawyer, the lincoln lawyer, Mesothelioma, law firm California, Atlanta asbestos lawyers, Philadelphia asbestos lawyers, firm law mesothelioma, Asbestos Lawyers oncology doctors, MBA Degree, BBA Degree, High School, MBBS, online degree,MBA programs, online MBA programs
SMARTSERVICE | EAS energy resources accounting system
 
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A global internet service of commercial accounting of energy resources. The information from the electricity, gas, water and heat meter coming to remote servers for data collection via the most popular datacomms channels, available for analysis, storage and accounting for any user of the given system. Designed by ServiceSoft.
11 - Accounting for Natural Resources
 
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An overview of accounting for natural resources, to accompany http://www.principlesofaccounting.com Chapter 11, Advanced PP&E Issues *Check out the Classroom page to find out how to take this course for credit: http://www.principlesofaccounting.com/classroom.html
Views: 8320 Larry Walther
Business Accounting : How to Research Managerial Accounting
 
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To research managerial accounting, search the Internet for credible resources, flip through journals and textbooks, or visit a local university or community college. Gather the necessary information before pursuing managerial accounting with information from an accounting professor in this free video on business. Expert: Shawn Jones Contact: www.argosy.edu Bio: Shawn Jones is an accounting professor at Argosy University in Salt Lake City, Utah. Filmmaker: Michael Burton
Views: 577 eHow
Quantitative Methods In Accounting And Finance
 
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The following are short introductory videos from the teaching faculty of the accounting courses. The videos will explain how the unit is assessed. For further information, please visit http://www.lse.ac.uk/resources/calendar/Default.htm. Please note that not all available courses have a video, so be sure to consult the course leaders for full details.
Skills You NEED for Accounting
 
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ZACH DE GREGORIO, CPA www.WolvesAndFinance.com You can break down any job into a list of skills. This is very helpful, because you can go down the list and simply learn more about all these different skill sets. I have never actually seen anyone who has created a detailed list like this for accounting. So I thought I would attempt it. Accounting is a tough job and there is a lot that goes into it. This is my perspective of the skills you need to be an accountant. Accounting knowledge, Audit, Tax, Corporate accounting, Ethics, Finance, Sales, Marketing, Social Media, Public Relations, Public Speaking, Business Strategy, Operations, Supply chain, Economics, Organizational Behavior, Human Resources, Information Technology, Business Law, Laws & Regulations, Politics, Geography, Computers, Computer Programming, Engineering, Science, Math, Psychology, Anthropology, History, Art Neither Zach De Gregorio or Wolves and Finance Inc. shall be liable for any damages related to information in this video. It is recommended you contact a CPA in your area for business advice.
Views: 6518 WolvesAndFinance
Activity Based Costing Example in 6 Easy Steps - Managerial Accounting with ABC Costing
 
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Clicked here http://www.MBAbullshit.com/ and OMG wow!I'm SHOCKED how easy.. Imagine your brand makes two types of mobile phone devices. They are each produced working with one machine. The maintenance cost of the apparatus is $100 a month. What percentage should each style of telephone share under the maintenance cost? In order to be "just", some will suggest that the cost must be divided 50%-50%. However, what if Phone A consumes 90 hours of the machinery, and Phone B uses only 10 hours of the apparatus? Should the cost remain to be split 50%-50%? As part of classic "allocated" costing, the cost should probably still be split 50%-50%. However applying the principle of Activity Based Costing, it needs to most likely be cut up 90%-10% for the reason that one phone type is based on 90 hours of the apparatus monthly while the other cell phone form typically only consumes 10 hours of the identical device. The foregoing technique makes use of "amount of activity" for being a function of costing, and not just "allocation" where accountants simplistically allot the costs by the same token.Needless to say, for any product or service, there are a lot more activities to consider, and not only the employment of a particular device. These varying activities which generally encounter a mark on cost are classified as "cost drivers". Cost drivers may appear in numerous varieties for instance machine hours consumed, number of inspections, hours spent on inspections, number of production runs, quantity of hours used up throughout production, quantity of setups, together with multiple others.In the case above, we simply used machine hours consumed. Inside a less forgiving example, we may additionally need to consider the number of inspections. Suppose Phone A solicited added inspections by enterprise engineers than Phone B? It goes without saying, a great deal more of the compensation of institution engineers really needs to be allocated to Phone A. Whereas, what if Phone B solicited a great deal more production runs than Phone A? Again, we would struggle to conveniently partition broad production costs among the two mobile phone types. To further complicate the problem, what if Phone A, irrespective of using far less production runs, solicited more production setups than Phone B? Evidently, the difficulty of appropriately allocating costs to each of the phone models can get incredibly exhausting. Having said that, this difficulty can be really worth the effort if it helps a business apply extra meticulous or more defined costs on items, which can be made use to help the company in its pricing methods. The beauty of Activity Based Costing is that it considers all these diverse costs and cost drivers in a timely fashion, granting an organization the competence to perform pretty defined costing inspite of such concerns. http://www.youtube.com/watch?v=PcjxRe4EsuY activity based costing, abc costing, what is activity based costing, what is abc http://mbabullshit.com/blog/activity-based-costing/
Views: 280651 MBAbullshitDotCom
Revenue Cycle, Accounting Information System (AIS)
 
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We are a group from DIA 4C. Jul-Dec 2016. Hope this video gives you information. Thank You for watching :3
Views: 1759 Haisyam JR
11 Objectives of Accounting
 
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11 Objectives of Accounting In this lesson, we will learn about the objectives of accounting. Accounting helps organizations in achieving their goals by recording, summarizing and presenting accurate financial information to its users. But here’s the thing. Accounting isn’t cheap. Building the right accounting system for a business can involve considerable investment of time and money. So you may be wondering exactly why we need accounting and whether it serves any useful purpose that justifies its cost. Following are the 11 objectives of accounting that demonstrate the importance of accounting systems in organizations. 1. Recording A reliable accounting record forms the backbone of an accounting information system. The fundamental objective of accounting is to maintain a systematic, accurate and permanent record of all transactions of a business such as sales, purchases, income and expenses. 2. Planning Accounting enables organizations to plan the use of its limited resources such as cash and labor by preparing budgets. Budgeting process helps organizations to plan ahead by anticipating future business needs and identifying potential bottlenecks. Budgets improve the efficiency of organizations by diverting resources to the most critical business processes. 3. Management Decisions Accounting information helps managers in evaluating a range of decisions to improve the profitability and efficiency of business such as: • Pricing decisions • Limiting factor analysis • Financing decisions • Investment appraisal 4. Performance Measurement Accounting helps to determine how well a business is performing by summarizing the financial information into quantifiable measures such as sales revenue, net profit, expenses and so on. It is important for organizations to measure their key performance indicators regularly and reliably so they could improve themselves by making valid comparisons against their past performance as well as against industry benchmarks. 5. Position Analysis Financial statements indicate the financial condition of a business by showing for example: • Cash flow • Capital investment • Cumulative earnings • Liabilities • Assets 6. Liquidity Assessment Mismanagement of cash flow is often cited as the primary reason for failure in many startups. Accounting helps businesses in reducing the risk of bankruptcy through timely detection of financial bottlenecks and managing cash flow in a way that the business always has sufficient liquid funds available to pay for its financial commitments. 7. Financing Organizations that are low on funds need to present their accounting information to lenders in order to secure finance. Whether a business applies for a bank loan or an investment by shareholders, it will need to provide its historical accounting record as well as financial plans, projections and forecasts. 8. Internal Control One of the key objectives of an accounting system is to place internal controls within an organization for protecting its valuable resources. Assets of a business such as cash, buildings and inventory are all susceptible to losses arising from theft, fraud, error, obsolescence, damage and mismanagement. Accounting information system should ensure that such risks are reduced to an acceptable level by placing various checks across the organization. 9. Accountability Accounting provides a basis for assessing the performance of a business over a period of time which facilitates accountability across several tiers of an organization. 10. Legal Compliance Accounting facilitates organizations in performing their legal responsibilities by providing accurate information of their financial rights and obligations. Accounting is also a legal requirement for most businesses. Law requires organizations to maintain an accurate accounting record and to report their financial results to stakeholders such as tax authorities, shareholders and regulators on a timely basis. 11. Users Role of accounting is not just limited to the information needs of employees and owners of a business. Accounting fulfills the information needs of a diverse group of stakeholders each with its own information requirement as discussed in the following video. Further Reading: https://accounting-simplified.com/financial/introduction/objectives-&-purpose.html
Railraod accounting information
 
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Public sources to collect financial information on railroads
Views: 5 Bob Brand
Accounting in the Global Economy
 
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The following are short introductory videos from the teaching faculty of the accounting courses. The videos will explain how the unit is assessed. For further information, please visit http://www.lse.ac.uk/resources/calendar/Default.htm. Please note that not all available courses have a video, so be sure to consult the course leaders for full details.
Accounting & Finance Staffing | Advanced Resources
 
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Experienced Resources with Accounting and Finance Expertise Advanced Resources successfully delivers the elite accounting and finance professionals organizations need to impact the bottom line and drive financial success. Our recruiters are some of the most experienced and successful finance and accounting specialists working today. Our finance and accounting market knowledge means we can deliver the talent you need, when you need it most. Vist https://www.advancedresources.com/accounting-finance/ for more information and to get in touch with one of our Accounting and Finance Staffing Specialists.
Accounting is the language of business
 
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Ready for the Next: A panel of young members and students discuss future trends and the impact on the profession. For more young CPA resources, visit http://www.aicpa.org/InterestAreas/YoungCPANetwork/Pages/YoungCPANetwork.aspx
Views: 641 AICPA
Accounting Information and Types - Learn Accounting Online
 
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The role of an accountant in generating accounting information is to observe, screen and recognize events and transactions to measure and process them, and there by compile reports comprising accounting information that are communicated to the users. These are then interpreted, decoded and used by management and other user groups. It must be ensured that the information provided is relevant, adequate and reliable for decision-making. The apparently divergent needs of internal and external users of accounting information have resulted in the development of sub-disciplines within the accounting discipline 1. Operation Accounting 2. Financial Accounting 3. Cost Accounting 4. Management Accounting The economic development and technological improvements have resulted in an increase in the scale of operations and the advent of the company form of business organisation. This has made the management function more and more complex and increased the importance of accounting information. This also gave rise to special branches of accounting. By operating information, we mean the information, which is required to conduct the day-to-day activities. Examples of operating information are: Accounts of wages paid and payable to employees, Information about the stock of finished goods available for sale and each one's cost and selling price, Information about amounts owed to and owing by the business enterprise, Information about stock of raw materials, spare parts and accessories and so on. Financial accounting information is intended both for owners and managers and also for the use of individuals and agencies external to the business. Financial accounting is concerned with the recording of transactions for a business enterprise and the periodic preparation of various reports from such records. Cost accounting assists in analyzing the expenditure for ascertaining the cost of various products manufactured or services provided by the firm and fixation of prices thereof. It also helps in controlling the costs and providing necessary costing information to management for decision-making. Management Accounting: Management accounting employs both historical and estimated data, in assisting management in daily operations and in planning for future operations. It deals with specific problems that confront enterprise managers at various organizational levels. The management accounting is frequently concerned with identifying alternative courses of action and then helping to select the best one. For Example: The accountant may help the finance manager in preparing plans for future financing or may help the sales manager, in determining the selling price to be fixed on a new product, by providing suitable data. Management accounting draws the relevant information mainly from financial accounting and cost accounting which helps the management in budgeting, assessing profitability, taking pricing decisions, capital expenditure decisions and so on. Besides, it generates other information (quantitative and qualitative, financial and non-financial) which relates to the future and is relevant for decision-making in the organization. Such information includes: sales forecast, cash flows, purchase requirement, manpower needs, environmental data about effects on air, water, land, natural resources, flora, fauna, human health, social responsibilities, etc. As a result, the scope of accounting has become so vast, that new are as like human resource accounting, social accounting, responsibility accounting have also gained prominence.
Views: 6576 Alternate Learning
Financial Accounting (ACCA F3) Lecture 2 - Recording Business Transactions
 
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This video shows the ways to record business transactions occuring within an organization and intruduces the concept of t-accounts. Financial statements summarize the effects of economic phenomena in words and numbers. They show the resources of an entity (and claims to those resources). To be able to do this, an entity must be able to capture information about its economic resources and claims against these resources as well as the effects of transactions, other events and conditions that change those resources and claims. A transaction is any event that has a financial impact on the business and can be measured reliably. For example, De Beers sells diamonds, borrows money, pays taxes, and buys equipment— these are all transactions.But not all events qualify as transactions. De Beers may apply for a bank loan but no transaction will be recorded until it has utilized the loan facility. Diamond retailers may place an order with De Beers and it is not recorded as a transaction until De Beers delivers the diamonds to its customers. A transaction, i.e. a change in an entity’s resources and claims to those resources, must occur before De Beers records anything. Transactions provide objective information about the financial impact of an economic phenomenon on an entity. Transactions reflect increases and/or decreases to financial statement elements. Whilst the financial impact of a transaction is generally measurable, usually reflected by a quantity able monetary amount such as price charged/paid and cash collected/paid, in certain situations, some estimation based on observable data or assumptions may be necessary. In accounting, we always record these effects so that the eventual financial statements are relevant and faithfully represent the economic phenomenon that transpired during the reporting period. Also check out: https://www.youtube.com/watch?v=yf-nUGo61WE Do not miss this was: https://www.youtube.com/watch?v=t9uTvdcnDKI
Views: 463 Scholars Academy
Where management accounting comes in
 
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Kathy Waller, CPA, CGMA, EVP & CFO, The Coca-Cola Company, talks about the importance of management accounting in her role. For more information and CGMA resources, visit http://www.cgma.org
Views: 644 CGMA
Effect of Information Technology on Strategic Management Accounting - ACCA APM
 
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Effect of Information Technology on Strategic Management Accounting - ACCA APM *** Complete list of free ACCA lectures is available on OpenTuition.com https://opentuition.com/acca/apm/ *** Free lectures for the ACCA Advanced Performance Management (APM) Exam To benefit from this lecture, visit opentuition.com/acca to download the notes used in the lecture and access all our free resources including access to all ACCA lectures and Ask the ACCA Tutor Forums https://opentuition.com/acca/apm/ Please go to opentuition to post questions to ACCA Tutor, we do not provide support on youtube.
Views: 1102 OpenTuition
Production Cycle - Accounting Information System
 
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production cycle by student Kolej Professional Mara Ayer Molek July-Dec 2016 DIA 4A
Views: 384 nadiah khairulanuar
Accounting Equation & Journal Entries- Intro to Financial Accounting-Fall 2013(L3)- Prof. Sannella
 
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Introduction to Financial Accounting Professor Alexander Sannella Lecture 3 Learning Objective 3 The Accounting Equation (A=L+OE) 0:21 Equity 1:33 Contributed or Paid in Capital 2:27 Retained Earnings 7:05 (+revenues-expenses-dividends) Owner Transactions 11:32 Revenues 12:45 Gains 13:40 Expenses vs. Losses 16:19 Dividends 17:58 Summary (Equity) 21:10 Income 22:56 Questions and Explanations Question 1 23:56 Question 2 28:50 Question 3 32:59 Learning Objective 4 How to Analyze a transaction 36:14 Transactions Analysis (Double Entry) 37:22 Examples 39:32 Questions and Explanations Question 1 57:014 Question 2 59:52 Question 3 1:03:47 Learning Objective 5 Financial Statements 1:08:58 Income Statement 1:10:10 The accounting equation is: Assets = Liabilities + Equity. Equity is the owner's residual claim against the assets of the company. It includes contributed capital, retained earnings, and accumulated other comprehensive income. It is known as Stockholder's Equity in a corporation. Stockholder's equity consists of three major components: contributed or paid in capital, accumulated other comprehensive income, and retained earnings. The owner's claim on the resources increase and decrease as the company engages in operating activities. Contributed or paid in capital includes the common stock sold by the entity at face or par value and amounts received above par value called additional paid-in capital or paid-in capital in excess of par (denoted APIC). Retained earnings represent the historical record of earnings (losses) that have not been paid out or distributed as dividends to shareholders. Retained earnings consist of three items: revenues, expenses, and dividends. As the company earns revenue, assets increase and the shareholder claims against the assets of the company will increase. Conversely, as the company incurs expenses, shareholders claims against the assets of the company will decrease. The other events that can change the company's claim against the assets of the company is the amount of resources that shareholders invest in the company (via common stock) and the amount of resources that the owners take out of the company Revenues are economic resources that have been earned by delivering products or services to external customers. Revenues are the gross increase in stockholders' equity resulting from business activities entered into for the purpose of earning income. Revenues are asset inflows, or reduction of liabilities, resulting from the normal operations of the business. Gains, on the other hand, while they are asset inflows, or reduction of liabilities, they are from peripheral or nonoperating activities. Expenses are the costs associated with selling goods or services to external customers. Expenses are the cost of assets consumed or services used in the process of earning revenue. Expenses are asset outflows, or increases of liabilities, resulting from the normal operations of the business. Losses are asset outflows, or increases of liabilities, resulting from peripheral or nonoperating activities. Dividends are distributions of cash or other assets to stockholders; dividends reduce retained earnings. Dividends are NOT expenses in the determination of net income but are distributions of net income. The amount of the annual withdrawals (dividends) is usually limited by the business to prevent an owner from taking out more resources in a given period than the company can sustain. A transaction is a special kind of historical event. A transaction must involve the exchange of economic resources, and we must be able to measure the economic impact in monetary units. Buying a copying machine for the office would be considered a transaction, whilst simply meeting with a potential customer would not qualify as a transaction. Each transaction must have a dual effect on the accounting equation so that the equality of the equation is preserved. This is commonly known as double entry bookkeeping or the double entry system. For example, if an individual asset is increased, there must be a corresponding decrease in another asset, an increase in a specific liability, or an increase in stockholder's equity. There are four financial statements. They are the Income Statement, Statement of Retained Earnings, Balance Sheet, and Statement of Cash Flows. They are used by all companies as the primary means of communicating to external stakeholders. The income statement includes temporary accounts reflecting completed accounting cycles. The model of the income statement is simply revenues (gains, asset inflows, reduction in liabilities / obligations) minus expenses (losses, asset outflows, or an increase in liabilities / obligations) equals net income (listed on the bottom of the statement).
Views: 122981 Rutgers Accounting Web
Understanding Financial Statement
 
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As mentioned earlier, finance is about identifying necessary resources, figuring out how to get the money to buy those resources, and then managing those resources efficiently once you have them. To identify and determine and manage, you need information. That’s where the financial statements come in. Financial statements provide the raw data people use in making financial decisions.
Views: 2579 Chee-Onn Leong
BOM Webinars: Accounting for Australia's Water Resources
 
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In this webinar we examine how to measure, monitor and account for water stores and flows, water rights and water use, and how to access consistent, national, regional and local data from across the Bureau's water information products. This webinar would be suitable for, but not limited to: Water managers, policymakers, researchers, resource managers, farmers and managers in the agriculture industry. More info: https://e.bom.gov.au/pub/pubType/EO/pubID/zzzz5afc1da376b34222/interface.html?preview=true Presented by: Janice Green, Team Leader Water Accounting and Regulations Team & Project Director, IFD Revision Project
Odyssey Resources CEO talks about making Australian Accounting outsourcing work for your firm
 
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In this video, Odyssey’s CEO David Carter talks about some important issues in resource selection for your Australian Accounting Outsourcing. Odyssey is the largest offshore services provider to over 750 Australian accounting/bookkeeping/financial planning firms. Odyssey is Australian owned and managed, and has helped many firms with their compliance burden so you can bring their practices to the next level. From our offshore BPO centre in Vietnam, Odyssey annually completes over 15,000 Australian tax returns, including around 7,500 Australia Superannuation tax returns, a bunch of Superannuation (SMSF) audits, a load of Australian outsourced bookkeeping, and over 10,000 software conversions from desktop to cloud. With Team Odyssey at your disposal, you can focus more on high value services for your clients.
Views: 613 Odyssey
CIMA BA2 - Accounting for Management
 
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CIMA BA2 - Accounting for Management Free lectures for the CIMA BA2 Fundamentals of Management Accounting To benefit from this lecture, visit opentuition.com to download the free lectures notes used in the lecture and access all our free resources including all BA2 lectures, practice tests and Ask the Tutor Forums. http://opentuition.com/cima/cima-ba2/ Please go to opentuition forums to post questions to CIMA BA2 Tutor, we do not provide support on youtube. *** Complete list of free CIMA BA2 lectures is available on http://opentuition.com/cima/cima-ba2/ ***
Views: 7149 OpenTuition
Processing Accounting  Information
 
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TO USE OR PRINT this presentation click : http://videosliders.com/r/1337 ============================================================== Processing Accounting Information Chapter 2 ©2006 Prentice Hall Business Publishing Financial Accounting, 6/e Harrison/Horngren ,Learning Objective 1 Analyze business transactions. ,The Account Basic summary device Accounts - grouped in three broad categories Assets Liabilities Stockholders’ Equity ,The Account Assets - economic resources that benefit the business now and in the future Cash Accounts receivable Inventory Notes receivable Prepaid expenses Land Buildings Equipment, furniture, and fixtures ,The Account Liabilities - debts of the company Notes payable Accounts payable Accrued liabilities Long-term liabilities (bonds) ,The Account Stockholders’ (owners’) equity - owners’ claims to the assets of a corporation Common Stock Retained Earnings Revenues Expenses ,Accounting for Business Transactions Transaction - any event that both affects the financial position of the business entity and can be reliably recorded ,Accounting for Business Transactions 1. The Lyons invest $50,000 to begin the business, and Air & Sea Travel issues common stock. (1) 50,000 50,000 ,Accounting for Business Transactions 2. Air & Sea purchases land for an office location, paying $40,000 in cash (40,000) 40,000 Bal 10,000 40,000 50,000 ,Accounting for Business Transactions 3. The business buys office supplies, agreeing to pay $500 to the office-supply store within 30 days. (3) 500 500 Bal 10,000 500 40,000 500 50,000 ,Accounting for Business Transactions 4. Air & Sea Travel earns service revenue of $5,500 and collects this amount in cash. (4) 5,500 5,500 Bal 15,500 500 40,000 500 50,000 5,500 ,Accounting for Business Transactions 5. Air & Sea Travel performs services for customers on account for $3,000. (5) 3,000 3,000 Bal 15,500 3,000 500 40,000 500 50,000 8,500 ,Accounting for Business Transactions 6. Air & Sea Travel pays $2,700 for cash expenses: office rent $1,100, employee salary $1,200, and utilities $400. (6) (2,700) (2,700) Bal 12,800 3,000 500 40,000 500 50,000 5,800 Bal 12,800 3,000 500 40,000 500 50,000 5,800 ,Accounting for Business Transactions 7. Air & Sea Travel pays $400 to the store from which it purchased office supplies in Transaction 3. (7) (400) (400) Bal 12,400 3,000 500 40,000 100 50,000 5,800 ,Accounting for Business Transactions 8. The owners remodel their home at a cost of $30,000, paying cash from personal funds. This is a personal transaction, not a business transaction! ,Accounting for Business Transactions The business collects $1,000 from a customer on account. (9) 1,000 (1,000) Bal 13,400 2,000 500 40,000 100 50,000 5,800 ,Accounting for Business Transactions 10. Air & Sea Travel sells land for a price of $22,000, which is equal to the amount it paid for the land. (10) 22,000 (22,000) Bal 35,400 2,000 500 18,000 100 50,000 5,800
Views: 303 slide show me
What is ACCOUNTING RESEARCH? What does ACCOUNTING RESEARCH mean? ACCOUNTING RESEARCH meaning
 
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What is ACCOUNTING RESEARCH? What does ACCOUNTING RESEARCH mean? ACCOUNTING RESEARCH meaning - ACCOUNTING RESEARCH definition - ACCOUNTING RESEARCH explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. Accounting research is research on the effects of economic events on the process of accounting, and the effects of reported information on economic events. It encompasses a broad range of research areas including financial accounting, management accounting, auditing and taxation. Academic accounting research "addresses all aspects of the accounting profession" using the scientific method, while research by practicing accountants focuses on solving problems for a client or group of clients. Academic accounting research can make significant contribution to accounting practice, although changes in accounting education and the accounting academia in recent decades has led to a divide between academia and practice in accounting. Accounting research is carried out both by academic researchers and by practicing accountants. Academic accounting research addresses all areas of the accounting profession, and examines issues using the scientific method; it uses evidence from a variety of sources including financial information, experiments, and computer simulations. Research by practicing accountants "focuses on solving immediate problems for a single client or small group of clients" and involve, for example, decision-making on the implementation of new accounting or auditing standards, the presentation of unusual transactions in the financial statements, and the impact of new tax laws on clients. Accounting research is also carried out by accounting organizations such as standard-setting bodies. For example, the International Accounting Standards Board (IASB) may initiate research projects for certain issues, the results of these may inform its decision whether to move the issues to its active agenda.
Views: 1946 The Audiopedia
Accounting, Human Resources, Payroll Overview for Start Up Businesses in California
 
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★ Remember to LIKE, COMMENT and SUBSCRIBE to push me higher in the search rankings! ★ === === === === http://jeffersonkim.com/2013/09/13/accounting-human-resources-payroll-overview-for-start-up-businesses-in-california/ This guide assumes you know 0% about all the numerous laws, best practices, etc., about running a business. I obviously can't cover everything, but I can at least bring to your attention some of the most important aspects to minimize your liability (AKA the risk of you getting sued). Accounting Payroll Human Resources - Break Even Analysis -- Fixed Expenses -- Variable Expenses -- Income Sources (variable vs. fixed) -- Break Even Point FIRST OFF Do you have: - Need an Federal EIN http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Apply-for-an-Employer-Identification-Number-(EIN)-Online - Need a State Employer ID https://www.ftb.ca.gov/businesses/faq/701.shtml ACCOUNTING I'll actually break accounting up into multiple parts: - Accounts Payable - Credit Cards - Checks - Accounts Receivable - Timeframe - Keep Track of Accounts and Review - Bookkeeping - Quickbooks - Download Transactions Online - CATEGORIZE!!! - Look at Reports to adjust your "break even" analysis to be more accurate PAYROLL - In house, or Outsource (http://www.amesoft.com/) - Payroll Taxes - Hourly / Salary - Overtime: http://www.dir.ca.gov/dlse/faq_overtime.htm - Meal periods: http://www.dir.ca.gov/dlse/faq_mealperiods.htm - Paid Break - Rest Periods: http://www.dir.ca.gov/dlse/faq_restperiods.htm - Time management software for clock in and clock out times - May come with payroll company - TimeTrex (open source) - Numerous other options - WHY do this? - Unemployment: http://jeffersonkim.com/2012/09/20/unemployment-from-a-business-owners-perspective-in-california/ http://www.edd.ca.gov/UIBDG/default.htm http://www.edd.ca.gov/pdf_pub_ctr/de2088c.pdf Write Ups and notifications. DOCUMENT EVERYTHING!!! HUMAN RESOURCES - Protected Classes http://www.nolo.com/legal-encyclopedia/california-employment-discrimination-31690.html - Applicable to Hiring, Firing, EVERYTHING - At Will Employment http://en.wikipedia.org/wiki/At-will_employment - Employee Handbook not 100% necessary at this stage - New Hire Packet W-4 I-9 Lunch & Break Notice MPN Notifications Healthcare Notifications (http://www.dol.gov/ebsa/pdf/FLSAwithoutplans.pdf)
Views: 2150 Jefferson Kim
Accounting - Financial Statement Analysis - Severson
 
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See the below link for more resources, including as a list of all of my videos, practice exercises, Excel templates, and study notes. https://www.dropbox.com/s/09hdhag3zieyt08/Severson%20YouTube%20Videos.xlsx?dl=0 This tutorial covers the various topics within financial statement analysis. This includes topics such as horizontal analysis, vertical analysis, trend analysis, ratio analysis, comparative statements, etc. It covers various ratios such as current ratio, acid test ratio, accounts receivable turnover, inventory turnover, day's sales uncollected, day's sales in inventory, total asset turnover, debt/equity ratio, times interest earned, profit margin, gross margin, return on total assets, return on investment, return on equity, price-earnings ratio, dividend yield, etc.
Views: 65895 Christopher Severson
Controlling and Accounting Information System
 
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The group task from Mrs. Dewi Sukmasari (made with #spliceapp - http://get.spliceapp.com)
Views: 119 Reisya Shinta
What Is The Meaning Of Reliability In Accounting?
 
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Representational faithfulness means agreement between a measure and in order to meet gaap standards for reliability, accounting information must be verifiable, meaning you should able prove the authenticity show it is important concept, which that financial data presented 19 concepts 3 relevance reliability concept money measurement discussed with example, concept of definitions part (. The meaning of reliability fasbconcept & example accounting simplified. Basically, reliability refers to the trustworthiness of financial statements. What is reliability? Definition and meaning businessdictionary. September appear to interpret reliability as having a meaning that differs in at least certain concept. Reliability principle is also importance for auditor to review the accounting records of entity during their cause reliability and accuracy financial statements cannot be determined simply by looking at them definition an method which only allows expenses recorded there verifiable proof, such as a information reliable extent that users can depend on it represent economic conditions or events purports primary decision specific qualities make no matter how reliable, if not relevant hand, useless. It is achieved when information verifiable, objective (not subjective) and you can depend on it may 15, 2017 the reliability principle concept of only recording those transactions in accounting system that verify with evidence sep 23, 2004 financial standards advisory council. Reliability concept definition reliability is a quality of information that assures decision makers the learn new accounting terms principle concern about financial present in entity statements. Accounting reliability my accounting course course myaccountingcourse principles url? Q webcache. Relevance requires that the financial accounting definition of reliability ability an apparatus, machine, or system to good considering amount depreciation it had accrued in our books principle rule helps make sure records and statements use most accurate information available ''jan 7, 2016. What is reliability principle? Definition and meaning concept in accounting youtubereliability principle definition explanation the accuracy of financial statements. What is reliability principle? Definition and meaning investor wordsqualitative characteristics of accounting information higher edchron. Accounting concepts completeness, neutrality, others money measurement concept definition explained with example. A qualitative characteristic in accounting. Information is reliable if a user can depend upon it to be materially accurate and faithfully represents the information that purports jan 22, 2015 basic accounting terms 'relevant' 'reliable' this post will define what makes financial relevant relevance reliability are two of four key qualitative characteristics. Basic accounting terms 'relevant' and 'reliable' informationdefinition examples. Accounting reliability accounting definition principle accountingtools. Googleusercontent searchaccounting reliability refers to whether financial information can be verified and used consistently by investors creditors with the same results.
Views: 168 Another Question
Managerial Accounting, BIR Off limit... Because
 
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Managerial accounting is the process of identifying, measuring, analyzing, interpreting and communicating information for the pursuit of an organization's goals. This branch of accounting is also known as cost accounting.They use what is known as "managerial accounting" to make various decisions about their businesses. To avoid information overload, much of their data is tailored to the needs of a particular business unit instead of generally applicable to the firm as a whole. As you might expect, different managers have different needs.Managerial Accounting Fundamentals from University of Virginia. This course will teach you the fundamentals of managerial accounting including how to navigate the financial and related information managers need to help them make decisions.In management accounting or managerial accounting, managers use the provisions of accounting information in order to better inform themselves before they decide matters within their organizations, which aids their management and performance of control functions.Managerial accounting involves collecting, analyzing, and reporting information about the operations and finances of a business. These reports are generally directed to the managers of a business, rather than to any external entities, such as shareholders or lenders.Managerial accounting is also known as management accounting and it includes many of the topics found in cost accounting. Some managerial accounting topics focus on computing a manufacturer's product costs that are needed for the external financial statements. For example, the manufacturer's inco...Chapter Introduction · Characteristics of Managerial Accounting · Planning and Control Functions Performed by Managers · Key Finance and Accounting Personnel · Ethical Issues Facing the Accounting Industry · Computerized Accounting Systems · Cost Terminology · How Product Costs Flow through Accounts · Income ...Management accounting or managerial accounting is the process of identifying, analyzing, recording and presenting financial information that is used for internally by the management for planning, decision making and control.A managerial accountant records financial information much like a financial accountant but for an entirely different purpose. Instead of providing pertinent information to stockholders and other parties outside of the organization, like a financial accountant, a managerial accounting professional will gather information and ...Managerial accounting information tends to be focused on products, departments, and activities. It necessarily crosses over a broad range of functional areas including marketing, finance, and other disciplines.As a follow-up to Financial Accounting (Acc 20), this course introduces students to the vital role that management accounting information plays in organizations. This will be discussed in three parts. First is Cost Accounting, wherein the basic question centers on how much something costs. Here, students will be exposed to .
Views: 317 EmelinoTMaestro
Managerial Accounting - Scarce or Limited Resources - Severson
 
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See the below link for more resources, including as a list of all of my videos, practice exercises, Excel templates, and study notes. https://www.dropbox.com/s/09hdhag3zieyt08/Severson%20YouTube%20Videos.xlsx?dl=0 In this video, we walk through examples of the managerial decision of determining which product to focus efforts on when faced with scarce resources. This discusses the impact of fixed and variable costs on the decision. This shows what information needs to be considered in this problem to properly calculate how profitable each product is and in which order to produce them to maximize profit and as much demand as possible.
Navigation and Help Resources | Tutorial - Sage 50 Accounting
 
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Sage 50 Accounting Experience a new level of accounting and business management with the ease of use of an out-of-the-box solution at an affordable price range. Sage 50 (Peachtree) enables you to manage all aspects of your business, including accounting, customers, inventory, services, jobs and employees all in one centralized business management software solution. ------------------------------------ Mast Information Technology W.L.L provides business solutions across a range of Accounting Software in a mixed performance between accuracy and ease of use PO Box 32015 Building 57 - Road 11 , Block 711 , 2nd Floor , Flat 24 Tubli – Kingdom of Bahrain Phone : +973 17382342 Fax : +973 17382351 Email: [email protected] Web : WWW.MAST-IT.COM Find us in Facebook , Twitter , Youtube , Linkedin , Instagram @mastbahrain
Views: 4 Mast Bahrain
Elements Of Management Accounting Financial Management And Financial Institutions
 
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The following are short introductory videos from the teaching faculty of the accounting courses. The videos will explain how the unit is assessed. For further information, please visit http://www.lse.ac.uk/resources/calendar/Default.htm. Please note that not all available courses have a video, so be sure to consult the course leaders for full details.

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