Why Learn Accounting 100

 

In this introductory presentation, we will start where every introductory presentation should start, and that is what is in it for us. Why would we want to learn accounting? What are the reasons for learning accounting? We are going to start off to answer that question and say because it’s, we will return to this after we see the objectives. The objectives been, we will be able to at the end of this presentation, list and describe reasons for learning accounting, list and explain types of accounting list and describe types of entities. Back to our question, why would we want to learn accounting? I’m gonna say the first reason is, because it’s fun.

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Managerial Accounting Introduction

Managerial accounting introduction will introduce the topic of managerial accounting. It is useful to compare managerial accounting to financial accounting. Most differences between the two accounting categories are derived from the objectives of the users. In other words, managerial accounting is designed to help internal users while financial accounting is designed to help external users. Financial accounting has more laws and regulations because external users are depending on them. Managerial accounting reports can be generated any time where as financial accounting reports are generated based on a strict schedule. Managerial accounting if future focused while financial accounting is based on reporting past numbers. Managerial accounting often focuses on segments of an organization while financial accounting looks at the big picture. Managerial accounting will use a lot of numerical data but will also use other forms of data while financial accounting generally focuses on dollars as the form of reporting.
For more accounting information see accounting website.

 

Master Budget 6 Budgeted Balance Sheet

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The master budget for a manufacturing company is one of the most comprehensive budgeting processes, requiring the budgets to be created in order, starting with the budgeted sales, all other budgets depending on sales budget. Every organization has a budgeting process weather simplistic budging or complicated budgeting. Master budget for a manufacturing company provides the principles needed for any budgeting and planning process.