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Financial accounting is charged with the primary responsibility of external reporting. Financial accounting notes for mba pdf download 1st sem. Banking system, its functions and types, structure of indian banking system, banker and customer relationship, deposits, loans and advances and assets and liabilities management of banks, cheques crossing, endorsement, developments in collection and payment, central banking system evolution, organization. From general transaction recording conventions to the full accounting cycle and finally to important accounts, the book. Freely browse and use ocw materials at your own pace. Acca financial accounting fa notes download pdf or view. To succeed in your exam it is vital to practice as much as possible and so you should buy a current edition of a revision kit from an acca approved publisher they. Both these types of accounting are examined in the following paragraphs. Following activities are included within the framework of financial accounting. The purpose of this chapter is to explain the function and objectives of accounting, the need for financial information, who the users of the financial information are, the. Acc 11 introduction to financial accounting lecture notes. From general transaction recording conventions to the full accounting cycle and. Management accounting tools and techniques take data from financial accounting, cost accounting and allied accounting subjects and provide good qualitative and quantitative information to managers for forecasting and planning future financial activities.
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Accounting concepts and conventions, recording of transactions voucher system, accounting process, journal, ledger posting and trial balance, subsidiary books of accounts, preparation of profit and loss account and balance sheet, rectification of errors, accounting of negotiable instruments, reconciliation of bank accounts. Read about bookkeeping, accounting principles, financial statements, with 66 pages of lessons and tutorials. Sloan school of management massachusetts institute of. Free stuff accounting, free study aids, free accounting.
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