Accounting Assignment help at HelpWithAssignment.com
Accounting Assignment help at HelpWithAssignment.com
Accounting is one of the most important and practiced subjects. It is the art of communicating financial information about a business entity to the shareholders and management. Accounting is governed by various bodies like the American Institute of Certified Public Accountants, International Accounting Standards, International Financial Reporting Standards. These bodies frame rules regarding the formulation and applications of different accounting standards.
Accounting is important, as it addresses the financial position of a business entity to the outside world like potential investors, creditors, banks, vendors and Government agencies.
The basic and the important topics which are covered in Accounting are
Construction of Balance Sheets
Statement of Financial Position, Income Statements, Statement of Cash Flows, Retained Earnings Statement, Trial Balance Statement, Pro-forma Income statements, Preparation of Journal of Entries
Costing Methods such as: FIFO, LIFO, Weighted Average Inventory
Book Value Calculation
Depreciation Calculation methods such as: Straight-line depreciation, Declining balance depreciation, MACRS depreciation
Performance Metrics like, Break Even Point, Quantity Variances, Material Price Variance, Variance Analysis, Cost Allocation, Cost Analysis, Cost Benefit Analysis, Work in Progress
Ratio Analysis
Costing Methods
Cost Elements
Managerial Accounting
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