TAILIEUCHUNG - Lecture Accounting and financial system - Lecture 3-4: Accounting process

Lecture Accounting and financial system - Lecture 3-4: Accounting process. The main contents of the chapter consist of the following: The accounting equation, source documentation, books of prime entry, ledger accounting, extraction of trial balance, control procedure. | ACCOUNTING & FINANCIAL SYSTEMS MCPC 606 LECTURERS: DR. JOHN MACCARTHY & DR. DOLI-WURA ZAKARIA 1 1 LECTURE 3 & 4 2 Lecture 3-4: Accounting Process Overview: The Accounting Equation Source Documentation Books of Prime Entry Ledger Accounting Extraction of Trial Balance Control Procedure 3 Accounting equation has two sides to the equation. One aspect is Assets of the business and other is capital provided to the finance the business. Resources of the business = Resources supplied by the owners of the business Capital = Assets The equation is fundamental in accounting and all entries must be entry doubly and one debit and other credit. When other supply assets other owners to the business. It is called liabilities because the business has to settle in the future. 4 Accounting Equation Accounting Equation (cont.) Assets = Liabilities + Capital A = L + C This can be rearranged as: Capital = Assets- Liabilities Liabilities = Assets - capital 5 Accounting Equation (cont.) Assets are .

• Ngân hàng - Tín dụng
• Financial system
• Lecture Accounting and financial system
• Accounting process
• Accounting equation
• Ledger accounting
• Trial balance
• Financial statements
• Interpretation of financial statements
• Financial records
• Government grants
• Financial inclusion and growth of Indian banking system
• Financial inclusion of Indian banking system
• Growth of Indian banking system
• Challenges for financial inclusion
• Financial inclusion plays
• The financial system
• The payments system
• Interest rates
• Rates of return
• The stock market
• Financial market efficiency
• Determining interest rates
• Financial markets
• Financial institutions
• Financial Instruments
• Modern financial system
• Flow of funds
• Commercial banking
• Financial claims
• Modern financial system
• Impact of globalisation
• Functions of the financial system