Financial Accounting and Reporting
This course introduces the nature, functions, scope, and limitations of the broad field of accounting theory. It deals with the study of the theoretical accounting framework objectives of financial statements, accounting conventions, and generally accepted accounting principles, standard setting process for accounting practice, national as well as international principles relating to the preparation and presentation of financial statements, the conditions under which they may be appropriately applied, their impact or effect on the financial statements; and the criticisms commonly leveled against them. The course covers the detailed discussion, appreciation, and application of accounting principles covering the assets, financial and non-financial. Emphasis is given on the interpretation and application of theories of accounting in relation to cash, temporary investments, receivables, inventories, prepayments, long-term investments, property, plant and equipment, intangibles, and other assets, including financial statement presentation and disclosure requirements. The related internal control, ethical issues, and management of assets are also covered. Exposure to computerized system in receivables, inventory, and lapsing schedules is a requirement in this course.
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Welcome to DivineAccountants, where accuracy meets excellence in Bookkeeping Services in the UK. Our meticulous attention to detail ensures your financial records are in perfect order.
QuickBooks is a powerful accounting software that streamlines financial management for businesses of all sizes. However, like any software, QuickBooks is not immune to errors, and one such error that users may encounter is QuickBooks Error 15311. This error can be frustrating, but understanding its causes and implementing the appropriate solutions can help you get back to smooth financial operations.
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