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78 Slides PowerPoint presentation content slides. This basic terms and concepts probably will clear up any confusion you may have had in the past. Learn about the importance of accounting, and also the basic steps and techniques used.
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Basic Accounting & Financial Terminology
Program Objectives (1 of 2)
Understand basic accounting and financial terminology.
Learn how double entry accounting works.
Explore the world of accounting cycle, accounts, assets, equity, receivables, accounts payable, liabilities and ledgers.
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Program Objectives (2 of 2)
Discover which accounting system works best for you.
Explore how computerized accounting works and it’s benefits.
Understand financial statements, income statements, statements of owner’s equity, balance sheets and cash flows.
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A Challenge
Please Write a One Sentence Definition of
BASIC ACCOUNTING &
FINANCIAL TERMINOLOGY.
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Definition
In plain words, Accounting provides you with information that will help you in operating business, make right decisions; it is the means by which business information is communicated.
Accounting reports or Financial statements are products of accounting.
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What Is? – Managerial Accounting– Financial Accounting
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Managerial Accounting
Gather information that is relevant to the decision-making needs of management.
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Financial Accounting
Concerned with reports for owners, creditors and government agencies.
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Accounting Cycle (1 of 3)
1. Analyzing and recording transactions in the journal.
2. Posting transactions to the ledger.
3. Preparing an unadjusted trial balance.
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Download “Basic Accounting & Financial
Terminology” PowerPoint Presentation at ReadySetPresent.com
78 slides include: 9 slides on understanding accounting cycles, journal entries, double-
entry accounting and what is an account. In addition, learn the top tips for using “chart of accounts”, 11 slides on understanding assets, equity and receivables, 7 slides on accounts payable, slides on accounting systems and
finding the best accounting system, 6 slides on merchandising business, 5 slides on financial systems, 9 slides on ledgers, balance sheet,
cash flow, and more.
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