✴Proper financial planning is a key to the success of every business. In today’s business world accuracy is more important than ever. Accountants do much more than untangle messes at tax time. ✴

►They help companies and organizations to meet the requirements and standards set by the government and by their industries. Accredited accountants are always needed to keep individuals’ and businesses’ financial affairs in flawless order. ☆

►This App of accounting basics will introduce you to some basic accounting principles accounting concepts and accounting terminology. ☆

►Some of the basic accounting terms that you will learn include revenues expenses assets liabilities income statement balance sheet and statement of cash flows. You will become familiar with accounting debits and credits as we show you how to record transactions. ☆

【Few Important Topics covered in this App are Listed Below】

âž» Accounting - Overview
âž» Golden Rules of Accounting
âž» Objectives and Scope of Accounting
âž» Accounting - Process
âž» Business Entity Concept
âž» Money Measurement Concept
âž» Going Concern Concept
âž» Cost Concept
âž» Dual Aspect Concept
âž» Accounting Period Concept
âž» Matching Concept
âž» Accrual Concept
âž» Objective Evidence Concept
âž» Convention of Consistency
âž» Convention of Disclosure
âž» Convention of Materiality
âž» Conservation or Prudence
âž» Accounting - Classification of Accounts
âž» Accounting - Systems
âž» Financial Accounting - Journal
âž» Analysis and Treatment of Transactions
âž» Financial Accounting - Ledger
âž» Ruling of Account in Ledger Account
âž» Important Points Regarding Ledger
âž» Illustration
âž» Journal Entries
âž» Cash Book
âž» Single Column Cash Book
âž» Double Column Cash Book
âž» Triple Column Cash Book
âž» Petty Cash Book
âž» Purchase Book
âž» Sale Book
âž» Purchase Return Book
âž» Sale Return Book
âž» Bills Receivables Book
âž» Bills Payable Book
âž» Bank Reconciliation
âž» Trial Balance
âž» Financial Statements
➻ Owner’s Equity
âž» Current Assets
âž» Current Liabilities
âž» Cash vs. Accrual Basis of Accounting
âž» Financial Accounting - Depreciation
âž» Method of Depreciation
âž» Cost Accounting - Introduction
âž» Concepts of Cost Accounting
âž» Cost Accounting - Advantages
âž» Cost Accounting vs Financial Accounting
âž» Cost Accounting - Classification of Cost
âž» Cost Accounting - Elements of Cost
âž» Cost Accounting - Cost Sheet
âž» Cost Accounting - Cost Control
âž» Cost Control Techniques
âž» Requirements for Successful Cost Control
âž» Cost Accounting - Cost Reduction
âž» Cost Reduction Program
âž» Fields Covered under the Cost Reduction Program
âž» Financial Management
âž» Personal Management
âž» Material Control
âž» Tools and Techniques of Cost Reduction
âž» Cost Accounting - Budgeting Analysis
âž» Budget Budgeting and Budgetary Control
âž» Types of Budgets
âž» Flexible Budget Vs. Fixed Budget
âž» Flexible Budget
âž» Cash Budget
âž» Cost Accounting - Marginal Costing
âž» Need for Marginal Costing
âž» Advantages of Marginal Costing
âž» Cost Accounting - Standard Costing
âž» Points Related to Standard Costing
âž» Standard Cost Card
âž» Cost Accounting - Variance Analysis
âž» Direct Material Variance
âž» Direct Labor Variance
âž» Cost Accounting - CVP Analysis
âž» Marginal Cost Equation
âž» Break-Even Chart
âž» Management Accounting
âž» Development Of Accounting Discipline
âž» Accounting Concepts And Conventions
âž» Accounting Concepts
âž» Accounting Conventions
âž» Ledger Posting And Trial Balance
âž» Trial Balance
âž» Subsidiary Books Of Accounts
âž» Double Column Cash Book
âž» Petty Cash Book
âž» Purchase Book
âž» Preparation Of Profit And Loss Account And Balance Sheet
âž» Manufacturing Account
âž» Profit And Loss Account
âž» Rectification Of Errors
âž» Location Of Errors
âž» Accounting Of Negotiable Instruments
âž» Promissory Note
âž» Reconciliation Of Bank Accounts
âž» Single Entry System
âž» Calculation Of Profit Or Loss
âž» Conversion Method
âž» Inventory Valuation Methods
âž» Methods Of Valuation Of Inventories
âž» Valuation Of Inventory For Balance Sheet Purpose
âž» Accounting For Depreciation
âž» Causes Of Depreciation
âž» Methods Of Calculating Depreciation