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Welcome to our website which is the ultimate destination for a student interested in anything or everything about Accountancy. Our website has our team of well-read experts who are completely dedicated to make accounting easier for you. The material we provide here equally serves purpose for a beginner or a partially learned person in accountancy. Accountancy is a wide subject and basically is an information science used to collect, classifies, and handles financial data for organizations and individuals. Accounting is used to determine financial stability. Accountants determine an organization’s overall wealth, profitability, and liquidity. Accountancy is generally of seven types that are:
*Financial Accounting:the process of producing information for external use usually in the form of financial statements.
*Management Accounting:the process of producing information which is generally more detailed than that produced for external use. It enables effective organization control and the fulfillment of the strategic aims of the entity.
*Governmental Accounting:it is also known as public accounting. It is used for accounting information used in the public sector.
*Tax Accounting:it refers to accounting for the tax related matters. It is governed by tax laws given by jurisdiction.
*Forensic Accounting: it is the use of accounting, auditing and investigative techniques in cases of litigation or disputes.
*Project Accounting: this process refers to the use of accounting system to track the financial progress of a project by giving financial reports.
*Social Accounting:also recognized as Corporate Social Responsibility Reporting and Sustainability Accounting, refers to the procedure of reporting inferences of an organization's activities on its conversational and social environment.
Our experts are committed to make the basic accounting and its types crystal clear for you. We have a record of students scoring better grades after referring to our material. We provide lots of services like online tutoring, homework help, assignment help, and live chats with experts. You get everything in reasonable price and at a set time. We help you with all types of work such as PowerPoint presentations, discussions, articles etc. Accountancy is a very interesting subject and to make it further more interesting for you we stimulate your brain by providing you quizzes, multiple choice questions etc. We also conduct group discussions and competitive quizzes between our pupils so that our pupils get to learn the spirit of competition.. Accounting is one of the most important and dignified professions in the world and accountants can be found in every industry so one can also consider it in the light of future prospects.
Think yourself, if reading from a plain old book be more interesting then learning online via various fun activities, obviously you would go for the latter until and unless you are quite old school. Even if you like old school plain study, our material is full of pure study material and no rounding about the bush. We aim to provide you a full-fledged knowledge of the subject and accurate solutions to all the problems you have related to it.We even have confidence boosting and interest- creating blogs from our experts on our website. Every topic from cost accounting to accounting principles has been covered in our website. The quality of our material is finer then almost all other websites and variety of activities we provide is also more than any other source does. In all we aim at building pupil’s interest in the subject, make him learn everything he need, stimulate his mind by solving quizzes, help him in assignments, tutoring him direct through his computer and thus improving his knowledge and scores .So here is hoping a nice accountancy treat for your mind and good scores as a topping too.
Accounting Guru to help in Homework and homework problems for College and post graduate students Online. The topic of accounting is very complex and difficult to understand. Little misunderstanding among the various topics of accounting will lead to a big failure. The main problem arises after students enrolled themselves in accounting subjects at graduate and postgraduate level. The correct destination for all those students who are facing difficulty in doing their accounting homework is our website. Our website is specially designed for college and post graduate students.
For students, who come across with a variety of difficulties in understanding their accounting homework, our website is the right place for all of them. We know that accounting is the topic which is extremely complex and tricky to understand. Small misinterpretation in understanding any of the accounting topics will result into complete failure. Generally, problem arises during graduation and post-graduation level. That’s why, we provide accounting homework support service, which is designed specifically for those graduate and postgraduate students who are studying accounting. Our “accounting homework support” service provide standard Help by Experts. We help students in delivering the homework. Tutors, who are working for us, are professionally well-experienced. They are either PhD or postgraduate. Our “accounting homework tutor support” service does not have any constraints related to time. Our service is available 24 X 7. Therefore, you can send your homework at that time which suits you. We believe in giving finest outcome for student homework. The homework solutions will be one of its kind i.e. plagiarism free. Students need not to worry for “accounting homework”. The service which we are offering is for every student, all over the World. If you still want to know more detail about our overhaul, then visit our website. Also, you can directly send your accounting homework on our email id. Our Accounting tutor will soon check your subject concern and the topic and we shall reply your emails instantly. Accounting Homework Help and Financial Accounting Homework Help generates some key documents, which comprises profit and loss account, patterning the method of business traded for a specific period and the balance sheet that provides a statement, showing mode of trade in business for a specific period. It registers financial transactions showing both the inflows and outflows of money from sales, wages etc. Financial accounting empowers the managers and aids them in managing more efficiently by preparing standard financial information, which includes monthly management report tracing the costs and profits against budgets, sales and investigations of the cost.it works on certain principles like business entity principle, objectivity principle, cost principle and going-concern principle. Financial accounts are very useful employees for an entity as they serve with maintaining systematic records, meeting legal requirements, safeguarding business assets, facilitating rational decision making etc. and therefore are valued immensely. The sophistication of customers, global economy and pressure of owners has increased in past 30 years and hence has bought new developments and challenges for accountants. It can no longer be supposed that users of accounting information that is related to a specific business are based in the country where the business operates or are well-known with the accounting rules of that country. So, there has been rising harmonization of accounting rules beyond national frontiers.
*Financial Accounting:the process of producing information for external use usually in the form of financial statements.
*Management Accounting:the process of producing information which is generally more detailed than that produced for external use. It enables effective organization control and the fulfillment of the strategic aims of the entity.
*Governmental Accounting:it is also known as public accounting. It is used for accounting information used in the public sector.
*Tax Accounting:it refers to accounting for the tax related matters. It is governed by tax laws given by jurisdiction.
*Forensic Accounting: it is the use of accounting, auditing and investigative techniques in cases of litigation or disputes.
*Project Accounting: this process refers to the use of accounting system to track the financial progress of a project by giving financial reports.
*Social Accounting:also recognized as Corporate Social Responsibility Reporting and Sustainability Accounting, refers to the procedure of reporting inferences of an organization's activities on its conversational and social environment.
Our experts are committed to make the basic accounting and its types crystal clear for you. We have a record of students scoring better grades after referring to our material. We provide lots of services like online tutoring, homework help, assignment help, and live chats with experts. You get everything in reasonable price and at a set time. We help you with all types of work such as PowerPoint presentations, discussions, articles etc. Accountancy is a very interesting subject and to make it further more interesting for you we stimulate your brain by providing you quizzes, multiple choice questions etc. We also conduct group discussions and competitive quizzes between our pupils so that our pupils get to learn the spirit of competition.. Accounting is one of the most important and dignified professions in the world and accountants can be found in every industry so one can also consider it in the light of future prospects.
Think yourself, if reading from a plain old book be more interesting then learning online via various fun activities, obviously you would go for the latter until and unless you are quite old school. Even if you like old school plain study, our material is full of pure study material and no rounding about the bush. We aim to provide you a full-fledged knowledge of the subject and accurate solutions to all the problems you have related to it.We even have confidence boosting and interest- creating blogs from our experts on our website. Every topic from cost accounting to accounting principles has been covered in our website. The quality of our material is finer then almost all other websites and variety of activities we provide is also more than any other source does. In all we aim at building pupil’s interest in the subject, make him learn everything he need, stimulate his mind by solving quizzes, help him in assignments, tutoring him direct through his computer and thus improving his knowledge and scores .So here is hoping a nice accountancy treat for your mind and good scores as a topping too.
Accounting Guru to help in Homework and homework problems for College and post graduate students Online. The topic of accounting is very complex and difficult to understand. Little misunderstanding among the various topics of accounting will lead to a big failure. The main problem arises after students enrolled themselves in accounting subjects at graduate and postgraduate level. The correct destination for all those students who are facing difficulty in doing their accounting homework is our website. Our website is specially designed for college and post graduate students.
For students, who come across with a variety of difficulties in understanding their accounting homework, our website is the right place for all of them. We know that accounting is the topic which is extremely complex and tricky to understand. Small misinterpretation in understanding any of the accounting topics will result into complete failure. Generally, problem arises during graduation and post-graduation level. That’s why, we provide accounting homework support service, which is designed specifically for those graduate and postgraduate students who are studying accounting. Our “accounting homework support” service provide standard Help by Experts. We help students in delivering the homework. Tutors, who are working for us, are professionally well-experienced. They are either PhD or postgraduate. Our “accounting homework tutor support” service does not have any constraints related to time. Our service is available 24 X 7. Therefore, you can send your homework at that time which suits you. We believe in giving finest outcome for student homework. The homework solutions will be one of its kind i.e. plagiarism free. Students need not to worry for “accounting homework”. The service which we are offering is for every student, all over the World. If you still want to know more detail about our overhaul, then visit our website. Also, you can directly send your accounting homework on our email id. Our Accounting tutor will soon check your subject concern and the topic and we shall reply your emails instantly. Accounting Homework Help and Financial Accounting Homework Help generates some key documents, which comprises profit and loss account, patterning the method of business traded for a specific period and the balance sheet that provides a statement, showing mode of trade in business for a specific period. It registers financial transactions showing both the inflows and outflows of money from sales, wages etc. Financial accounting empowers the managers and aids them in managing more efficiently by preparing standard financial information, which includes monthly management report tracing the costs and profits against budgets, sales and investigations of the cost.it works on certain principles like business entity principle, objectivity principle, cost principle and going-concern principle. Financial accounts are very useful employees for an entity as they serve with maintaining systematic records, meeting legal requirements, safeguarding business assets, facilitating rational decision making etc. and therefore are valued immensely. The sophistication of customers, global economy and pressure of owners has increased in past 30 years and hence has bought new developments and challenges for accountants. It can no longer be supposed that users of accounting information that is related to a specific business are based in the country where the business operates or are well-known with the accounting rules of that country. So, there has been rising harmonization of accounting rules beyond national frontiers.
Accounting help
Let us first see what is accounting?
Accounting is an information science used to collect, classifies, and handles financial data for organizations and individuals. Accounting is used to determine financial stability. Accountants determine an organization’s overall wealth, profitability, and liquidity. Accountants are essential employees in an organization and without their calculations no company can make long term goals. For example the budgets for marketing activities, profit reinvestment, and company growth all stem from the work of accountants. Accounting is one of the most important and dignified professions in the world and accountants can be found in every industry.
Types of Accounting:
1)Financial, 2)Management, 3)Governmental, 4)Tax, 5)Forensic, 6)Project, 7)Social
Financial Accounting, or financial reporting, is the process of producing information for external use usually in the form of financial statements. Financial Statements show an organization's past records and current position based on a set of standards and guidelines known as GAAP (Generally Accepted Accounting Principles). This generally contains accounting standards (e.g. International Financial Reporting Standards), accounting conventions, and rules and regulations that accountants must follow in the preparation of the financial statements.
Management Accounting produces information which is generally more detailed than that produced for external use. It enables effective organization control and the fulfillment of the strategic aims of the entity. Information can be forecasts or records of budgets which enable enterprises to plan better for future. ‘Cost accounting’ is a branch of management accounting and involves the application of various techniques to monitor and control costs. Its application is more suited to manufacturing concerns.’
Governmental Accounting is also known as public accounting. It is used for accounting information used in the public sector. This is a slight aberration from the financial accounting used in the private sector. In public sector different aims and objectives of the state owned and privately owned institutions are present and therefore require accounting based information.
Tax Accounting refers to accounting for the tax related matters. It is governed by tax laws given by jurisdiction. Tax accountants use information under financial accounting system to give statements prepared according to tax law system. This information is used by tax professionals to estimate tax liability of a company and also for tax planning purposes.
Forensic Accounting is the use of accounting, auditing and investigative techniques in cases of litigation or disputes. They act as expert witness during court trials to state the financial effects of a loss or for detecting financial fraud. Insurance claims, personal injury claims, suspected fraud and claims of professional negligence in a financial matter (e.g. business valuation) are some of the cases where these experts are required.
Project Accounting refers to the use of accounting system to track the financial progress of a project by giving financial reports. These are principally used to give detailed account about a project of company like launch of a new product.
Social Accounting, also recognized as Corporate Social Responsibility Reporting and Sustainability Accounting, refers to the procedure of reporting inferences of an organization's activities on its conversational and social environment.
Accounting principles accounting trails a certain framework of core principles which makes the information generated through an accounting system valuable. Some basic principles are 1) 1. Economic Entity Assumption 2) Monetary Unit Assumption 3) Time Period Assumption 4) Cost Principle 5) Full Disclosure Principle 6) Going Concern Principle 7) Matching Principle 8) Revenue Recognition Principle 9) Materiality 10) Conservatism
ACCOUNTING PERIOD CONCEPT All the transactions are recorded in the books of accounts on the supposition that profits on these transactions are to be determined for a specified period. This is known as accounting period concept. Thus, this concept requires that a balance sheet and profit and loss account should be prepared at regular intervals. This is obligatory for different purposes like, calculation of profit, ascertaining financial position, tax computation etc.
Let us first see what is accounting?
Accounting is an information science used to collect, classifies, and handles financial data for organizations and individuals. Accounting is used to determine financial stability. Accountants determine an organization’s overall wealth, profitability, and liquidity. Accountants are essential employees in an organization and without their calculations no company can make long term goals. For example the budgets for marketing activities, profit reinvestment, and company growth all stem from the work of accountants. Accounting is one of the most important and dignified professions in the world and accountants can be found in every industry.
Types of Accounting:
1)Financial, 2)Management, 3)Governmental, 4)Tax, 5)Forensic, 6)Project, 7)Social
Financial Accounting, or financial reporting, is the process of producing information for external use usually in the form of financial statements. Financial Statements show an organization's past records and current position based on a set of standards and guidelines known as GAAP (Generally Accepted Accounting Principles). This generally contains accounting standards (e.g. International Financial Reporting Standards), accounting conventions, and rules and regulations that accountants must follow in the preparation of the financial statements.
Management Accounting produces information which is generally more detailed than that produced for external use. It enables effective organization control and the fulfillment of the strategic aims of the entity. Information can be forecasts or records of budgets which enable enterprises to plan better for future. ‘Cost accounting’ is a branch of management accounting and involves the application of various techniques to monitor and control costs. Its application is more suited to manufacturing concerns.’
Governmental Accounting is also known as public accounting. It is used for accounting information used in the public sector. This is a slight aberration from the financial accounting used in the private sector. In public sector different aims and objectives of the state owned and privately owned institutions are present and therefore require accounting based information.
Tax Accounting refers to accounting for the tax related matters. It is governed by tax laws given by jurisdiction. Tax accountants use information under financial accounting system to give statements prepared according to tax law system. This information is used by tax professionals to estimate tax liability of a company and also for tax planning purposes.
Forensic Accounting is the use of accounting, auditing and investigative techniques in cases of litigation or disputes. They act as expert witness during court trials to state the financial effects of a loss or for detecting financial fraud. Insurance claims, personal injury claims, suspected fraud and claims of professional negligence in a financial matter (e.g. business valuation) are some of the cases where these experts are required.
Project Accounting refers to the use of accounting system to track the financial progress of a project by giving financial reports. These are principally used to give detailed account about a project of company like launch of a new product.
Social Accounting, also recognized as Corporate Social Responsibility Reporting and Sustainability Accounting, refers to the procedure of reporting inferences of an organization's activities on its conversational and social environment.
Accounting principles accounting trails a certain framework of core principles which makes the information generated through an accounting system valuable. Some basic principles are 1) 1. Economic Entity Assumption 2) Monetary Unit Assumption 3) Time Period Assumption 4) Cost Principle 5) Full Disclosure Principle 6) Going Concern Principle 7) Matching Principle 8) Revenue Recognition Principle 9) Materiality 10) Conservatism
ACCOUNTING PERIOD CONCEPT All the transactions are recorded in the books of accounts on the supposition that profits on these transactions are to be determined for a specified period. This is known as accounting period concept. Thus, this concept requires that a balance sheet and profit and loss account should be prepared at regular intervals. This is obligatory for different purposes like, calculation of profit, ascertaining financial position, tax computation etc.
