tailieunhanh - Hansie Hendricks Excerpt: Basic principles of Accounting

Recording of the financial details follows certain procedures and these records – bookkeeping’s end product – become the raw material for the production of the final accounts of the business. This module deals primarily with the first of these two aspects of accounting, covering in depth the purposes and conventions of accounting, the sources and recording of information and the ways in which records are verified. However, as the subject is treated in an INTEGRATED way over three modules, reference will sometimes be made in this module to topics dealt with fully in Modules 2 and 3 | CAMBRIDGE Cambridge University Press 978-0-521-68074-5 - NSSC Accounting Module 1 Hansie Hendricks Excerpt More information Unit 1 Basic principles of Accounting Glossary COMPLEMENTARY - each activity depends on the other INTEGRATED - treated as a combined whole What is accounting Accounting is concerned with two separate but COMPLEMENTARY business activities The detailed recording of all the financial transactions of the business called bookkeeping . The preparation of periodic statements or accounts which summarise the detailed information so that the financial performance of a business can be measured. Recording of the financial details follows certain procedures and these records - bookkeeping s end product - become the raw material for the production of the final accounts of the business. This module deals primarily with the first of these two aspects of accounting covering in depth the purposes and conventions of accounting the sources and recording of information and the ways in which records are verified. However as the subject is treated in an INTEGRATED way over three modules reference will sometimes be made in this module to topics dealt with fully in Modules 2 and 3. This unit is divided into five sections Section 1 Introduction to Accounting Section 2 The accounting equation Section 3 The double entry system Section 4 The Ledgers Section 5 The Trial Balance Cambridge University Press CAMBRIDGE Cambridge University Press 978-0-521-68074-5 - NSSC Accounting Module 1 Hansie Hendricks Excerpt More information 2 NSSC Accounting Section 1 Introduction to Accounting By the end of this section you should be able to explain the meaning of the term accounting explain the objectives of Accounting explain the importance of Accounting information to various users identify the branches of Accounting explain the principles of business entity and money measurement and illustrate with examples discuss ethics in the job the combating of fraud and .