#COMPUTERISED FINANCIAL ACCOUNTING NOTES MANUAL#
#COMPUTERISED FINANCIAL ACCOUNTING NOTES PROFESSIONAL#

Moreover, the complicated financial transactions of a firm are quite difficult to be recorded manually.

#COMPUTERISED FINANCIAL ACCOUNTING NOTES MANUAL#

Several accounting firms still perform book-keeping manually, while most firms comprise financial transactions that can be a lot for a manual accounting process. However, as the years go by, computerized accounting systems are also becoming quite common.

#COMPUTERISED FINANCIAL ACCOUNTING NOTES PROFESSIONAL#

After the birth of computers and the emergence of digitalisation in most professional sectors in India, accounting is also computerized.ДЇor the past few decades, computerized data has been used mainly in the field of science and technology. Inventory вЂ“ recognition, measurement and valuation using specific.In the present day, accountants no longer record every transaction of a company or any corporate body with the help of pen and pencils using a ledger book.Financial assets- examples and risks only.Intangible assets - recognition, measurement (amortisation, impairment and revaluation), disposals and disclosures.Property, plant and equipment - recognition, capital and revenue expenditure, measurement (depreciation and revaluation), disposal and disclosures - property, plant and equipment schedule.Computerised accounting systems- Role of computers, application and accounting softwares in the accounting process, benefits and challenges of operating computerised accounting systems.Double entry and the ledger general ledger, sales ledger, purchases ledger.Books of original entry: sales journal, purchases journal, returns inward, returns outward journal, cashbook, petty cashbook and general journal.remittance advice, receipts, petty cash vouchers_ sales arid purchase invoices, credit notes and debit notes, bank statements) Source documents (quotations_ purchases order, statement of account.Qualities of useful accounting information.Accounting standards (IAS/IFRS), (Importance and limitations).Reguratory framework of accounting (regulatory bodies such as ICPAK, IFAC, IASB, IPSAB.Users of accounting information and their respective needs.Analyse financial statements by use of ratios and statement of cash flows.Comply with the regulatory framework in the accounting field.partnerships, companies and manufacturing entities and not for profit organisations Prepare basic financial statements of sole traders.Prepare books of original entry and basic ledger accounts under double entry system.

This paper is intended to equip the candidate with knowledge, skills and attitudes that will enable him/her to prepare financial statements for different entitiesДЄ candidate who passes this paper should be able to: 17.1 Here is the sample вЂ“ Financial Accounting study notes for CPA and CIFA KASNEB courses.16 Introduction to public sector Accounting.14 Financial statements of a not-for-profit organisation.12 Financial statements of a manufacturing entity.10 Financial statements of a partnership.9 Financial statements of a sole trader.8 Correction of errors and suspense account.5 Accounting for assets and liabilities.

Computerised financial accounting notes