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In working out your business profits you should not deduct the cost of buying or improving items such as the car , equipment and other tools that you use in your business or the depreciation or any other losses which arise when you sell them. Instead, you can claim tax allowances called capital allowances. These are deducted to arrive at your taxable profits. An adjustment, known as a balancing charge, may also arise when you sell an item, give it away or stop using it in your business. Balancing charges must be added back to arrive at your taxable profits. More information can be found in Helpsheet. | e-learning and reference solutions for the global finance professional Financial Accounting A comprehensive and practical online guide for the basics of financial accounting After completing this course you will be conversant with Accounting Concepts Accounting Equation Rules of Accounting Recording the transactions Adjusting Rectifying the books Preparation of Financial Statements Analyzing Financial Statements Reconciling the books information@kesdee.com PO Box 910207 San Diego CA 92191 U.S.A. Ph. 1-858-558-8118 Fax 1-858-558-8448 email Financial Accounting www.kesdee.com Overview Any organization that deals with money or money s worth needs to record every transaction that it enters into. The courses in this product give a complete understanding right from scratch to preparation and analysis of financial statements. The product is supplemented with a number of interactive exercises in accordance with the learn by doing approach. Course Level Number of Courses Basic Intermediate Level Library of 15 Courses Instructional Method Dynamic Interactive e-learning Recommended Background Familiarity with basic financial concepts Target Audience Every professional involved in the global financial services industry as a provider user regulator or advisor of product services marketplace exchange would benefit from KESDEE s innovative solutions. Supervisory Agencies Central Banks Financial Institutions Commercial Banks Investment Banks Housing Societies Thrifts Mutual Funds Brokerage Houses Stock Exchanges Derivatives Exchanges Insurance Companies Multinational Corporations Accountancy Firms Consultancy Firms Law Firms Rating Agencies Multi-lateral Financial Institutions Others The themes of this product are Understand the Accounting Framework Understand the Accounting Process Understand the process of Finalization Understand the Financial Statement Analysis Understand Depreciation Accounting Understand Merchandise Accounting Reconciling Cash Bank balances Get overall .
