Accounts

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ACCOUNTS

S U B M I T T E D B Y: S U K H M A N K A U R
CLASS: +1 COMMERCE C
S U B M I T T E D TO : M R . J A G D E E P
1. What our customers say

2. Customer case study

3. Industry overview

4. Our team

5. Our products and services

6. Pricing/packages
OUTLINE 7. Company performance

8. Future offerings

9. Roadmap

10. Competitive comparison

11. Our proposal

12. Next steps


WHAT IS Accountancy is the subject that deals
with the process of accounting,
which means recording and assessing

ACCOUNTS? financial transactions related to any


commercial activities.
• Understandability, such that, demonstrates the audiences the
expression and consistency of results.
• Relevance, valuable knowledge must help a client conform
ATTRIBUTES
and should revise the form.
• The similarity in the handling of products and the
OF
implementation of accounting policies implies consistency.
• The ability of users to make distinctions based on customer
ACCOUNTING
needs is illustrated by usability.
• Objectivity states that information in a neutral way is
applied and prepared. It isn’t biased in another world.
• Recording transactions. Recording financial transactions is SUMMARIZING CLASSIFYING RECORDING
OBJECTIVITY TRANSACTION TRANSACTION TRANSACTION
the primary function of accounting. S S S
OBJECTIVES OF ACCOUNTING MAINTAING
SYSTEMATIC
FINANCIAL
• Auditing of financial reports RECORD
Another objective of accounting is that it helps in understanding the financial
TO ASTIMATE
position of a company in the form of assets, debts, profits and losses, etc. PREPERATION
PROFT OR
OF BUDGET
• To forecast future payments, expenditures and budgets LOSS
Accounting helps to predict the future profitability of a business entity. This helps
plan future payments, debts, expenditures and budgets accordingly. OBJECTIVES OF
• To estimate and ascertain profits or losses ACCOUNTING

Recording transactions concerning revenues and expenditures helps us ascertain


the profit/ loss at the end of the financial year. TO FORECAST PREPARING
• Maintaining systematic financial records FUTURE FINANCIAL
PAYMENTS REPORTS
One of the most important accounting objectives is that accounting helps the
business organisation keep a systematic and accurate record of the day-to-day AUDITING OF
transactions, which helps to understand the working of the business, payments FINANCIAL
REPORTS
made, income received, etc.
DIFFERENCE BETWEEN BOOK KEEPING AND ACCOUNTING.

BOOK
ACCOUNTING
KEEPING
ACCOUNTING USERS THE INFORMATION
BOOK KEEPING IS FOUNDATION/BASE OF
OBTAINED FROM BOOKEEPING TO PREPARE
ACCOUNTING
FINANCIAL REPORTS.

BOOK KEEPING IS THE PART OF WHOLE ACCOUNTING BEGINS WHERE BOOK KEEPING
ACCOUNTING SYSYTEM. ENDS.

THE RESULT IS PREPAING FINANCIAL


THE RESULT OF THE PROCESS IS PROVIDING
STATEMENTS FOR MAKING EFFECTIVE
INPUT FOR ACCOUNTING
DECISIONS.

THE PERSON RESPONSIBLE IS CALLED BOOK THE PERSON RESOPNSIBLE IS CALLEED


KEEPER. ACCOUNTANT.
Qualitative Characteristics of accounting
RELIABILIT RELEVANCE 1. Reliability: The first qualitative characteristic of accounting
Y information is reliability. Reliability means the users must be able
to depend on the information.

2. Relevance: The second qualitative characteristic of accounting


information is relevance. It is believed that a relevant information
QUALITATIVE must be available in time, must help in prediction and feedback and
CHRACTERSTI
C OF must influence the decisions of users in a positive manner.
ACCOUNTING
3. Understandability: Understandability is the third most important
qualitative characteristic of accounting information.
Understandability means decision-makers must interpret
accounting information in the same sense as it is prepared and
conveyed to them.
COMPARABILIT
UNDERSTANDIBILITY 4. Comparability: The last qualitative characteristic of accounting
Y
information is comparability. It is believed that it is not sufficient
that the financial information is relevant
FUTURE OFFERINGS

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ROADMAP

STAGE 01 STAGE 02 STAGE 03 STAGE 04 STAGE 05

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COMPETITIVE COMPARISON

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magna aliqua. Ut enim ad minim veniam, quis nostrud magna aliqua. Ut enim ad minim veniam, quis nostrud
exercitation ullamco laboris nisi ut aliquip ex ea exercitation ullamco laboris nisi ut aliquip ex ea
commodo consequat. commodo consequat.
VIDEO SLIDE
OUR PROPOSAL

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Next steps

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Second

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Questions?
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ANGELICAASTROM @AASTROM ANGELCIA@CONTOSO.COM 231-555-0188

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