Accountancy

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Accounting is the process by which financial information about a business is recorded, classified, summarized, interpreted, and communicated. Accounting is the language of business.

[edit] Catagories

1. Financial accounting is "a major accounting branch describing the collection, recording and extraction of financial information, in order to summarize in a form of periodic profit and loss account, a balance sheet and a cash flow statement in accordance with legal, professional, and capital market requirements". The main task is prepare regular financial report.
2. Managerial accounting is the branch of accounting for internal use, to which an organization prove information only accessible to its insiders to assist decision-makers. The mission of Managerial accounting utilize inform, control functions of management for future use.

[edit] Contents

1. Principles of accounting
2. Introduction to accountancy
3. Double entry
4. Debtors
5. Creditors
6. Prepayments
7. Accruals
8. Depreciation

[edit] Proposed additional sections

• Accounting standards
• Assets
• Liabilities
• Books of prime entry
• Year end adjustments
• The trial balance
• Journals
• Provisions
• Capital and reserves
• Disclosures
• Balance sheet
• Income statement
• Cash flow statement
• Accounting policies
• GAAP
• Income and Expenditure Recognition
• Cost Flow Assumptions
• Single Entry System
• Basic Bookkeeping - a quickstart guide for small non-profit community organizations
• Financial ratios

[edit] Glossary and Appendices

• Glossary
• Professional bodies
• Notes to authors
• Templates
• Quick reference

[edit] Other pages

• Amortization
• Cost accounting
• Managerial accounting

[edit] Resources

Wikipedia has more about this subject: Bookkeeping

Wikisource has original text related to: "Bookkeeping" by International Library of Technology, 1905

BOOKS:

• Accounting notes, courses and presentations
• Financial Accounting is a programmed textbook from the Quick Notes Learning System
• Accounting Internet Library has material for students, teachers,and professionals.
• Principles of Accounting free online text book - but not Public Domain or available under a Creative Commons license, so don't COPY them here

SOFTWARES:

Comparsion of Famous Accounting Software

• List of free-of-charge Finance& Accounting software for real business world

• MIT Sloan School of management Open courseware