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Accounting for Management
Explanations, Exercises, Problems and Calculators
Introduction to financial accounting
What are the different types or branches of accounting? What is the function of each branch?
Who are the users of accounting information?
Define and explanation accounting equation. What an accounting equation tells us?
What is double entry system of accounting? What are advantages and disadvantages of double entry system?
What is chart of accounts? What is the purpose of preparing a chart of accounts?
How do you classify accounts? Explain modern and traditional classification of accounts.
What is a business transaction? What are different types of business transactions?
Explain the rules of debit and credit. How the rules of debit and credit are applied to the accounts in business transaction?
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Types or branches of accounting
Users of accounting information
Expanded accounting equation
Double entry system of accounting
Account and its format
Chart of accounts
Classification of accounts
Rules of debit and credit