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Description

Meaning of Accounting
Objectives of Accounting
Need for Accounting
Functions of Accounting
Advantages of Accounting
Limitations of Accounting
Types of Accounting Information
Users of Accounting information and their Needs
Basic Accounting Terms
Fundamental Accounting Assumptions: Going Concern, Consistency,andAccrual
Accounting Principles: Accounting Entity, MoneyMeasurement,Accounting Period, Full Disclosure, Materiality,Prudence, CostConcept, Matching Concept and Dual Aspect.
Process of Accounting
Bases of Accounting - Cash Basis and Accrual Basis
Accounting Standards and IFRS