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BASIC ACCOUNTING • 1. Prepared By: Mark John Bolatin Accounting: The Language of Business • TOPICS • Accounting As information System • Accounting and Information System definitions • Financial accounting and Management accounting • Accounting as an aid in decision making • Users of Informartion • Accounting System / Cycle • RA 9298 • CPA as a profession • TOPICS • Accounting Principles, Conventions and Concepts • Definition and Differences • Concepts • Conventions • ACCOUNTING AS AN INFORMATION SYSTEM • WHAT IS “ACCOUNTING” • PFRSC(Formerly ASC)- Accounting is a service activity. Its function is to provide quantitative information primarily financial in nature, about economic entities that is intended to be useful in making economic decision. • American Accounting Associations defines accounting as the process of identifying, measuring, and communicating economic information to permit informed judgment and decision by users of information.

View Test Prep - 135971018-Acc-Fin from COLLEGE OF 13 at Xavier. FINANCIAL ACCOUNTING Volume Two Valix and Peralta 2008 Edition SOLUTION MANUAL 1 CHAPTER 1 Problem 1-1 Problem 1-2 Problem 1-5 1. Documents Similar To Financial Accounting Solution Manual. Carousel previous carousel next. Valix Financial Accounting Vol 3 answers.xlsx. Cost Accounting by DeLeon. Financial Accounting online coaching class for DU B.Com - Duration: 30:10. Suruchi's EraofPriers 141,765.

PURPOSE of accounting CPA’s Primary Purpose • INFORMATION SYSTEM • The information system is defined as an integrated set of methods, procedures and means used in order to collect, transmit and process data, analyze, store, disseminate and capitalize information and knowledge to users of informations. Bhagyada Lakshmi Baramma Lyrics In Kannada Pdf. • FINANCIAL AND MANAGEMENT ACCOUNTING • The major distinction between financial and management accounting is the users of the information.

• Financial accounting serves external users. • Management accounting serves internal users, such as top executives, management, and administrators within organizations. • ACCOUNTING AS AN AID TO DECISION MAKING • Accounting information is useful to anyone who makes decisions that have economic results.

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