Documentos de Académico
Documentos de Profesional
Documentos de Cultura
Prepared by:
Cancer,Kimberly Cloi T.
Sing, Jeffrey G.
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Table of Contents
I.
II.
III.
IV.
Introduction
Photographic Evidence
Recommendation
12
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V.
References
13
Introduction
Whenever we hear the word accounting we often associate it
with figures and then relate it to business. We failed to realize that
accounting is not for business alone. Actually, nearly everyone
practices accounting in one form or another every day. Whenever we
go and everything we do which involves decision-making, accounting is
present. Whether we are at home, in school or anywhere else,
accounting has always been a part of our daily struggle for survival,
this makes accounting to have a universal existence.
Even in professions which we may think their fields of studies are
not related to business like engineering, architecture, law, medicine,
etc-they too need a working knowledge of accounting in pursuit to the
practice of their professions.
Accounting is often called the language of business; the
language we often hear in business conversation. But how can we
participate actively and communicate effectively in the business
community if we dont speak the same language. Its the way business
people sets goal, measure results and evaluate performance.
In todays business world, learning and understanding the art of
accounting is not just an uphill climb, but rather its a survival skill.
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Photographic Evidence
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make
business
decisions.
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effectively a firm has been using its resources and how profitable
it is. Similarly, creditors use them to determine how liquid a firm
is (how likely it is that the firm can meet its short-term
obligations)
or
may
be
how
solvent
the
firm
is.
about
various
costs
to
the
firm.
Furthermore,
business
decisions.
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in
(Accountants report)
2. How do accounting differ from:
a. Bookkeeping
Answer:
Bookkeeping is a procedural and largely concerned
with development and maintenance of accounting
records. It is the how of accounting. While, accounting
is conceptual and is concerned with the why, reason or
justification
for
any
adopted.
Bookkeeping
is
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whether
they
are
conformity
with
the
recognition
and
nonrecognition
of
business
would
be
largely
unintelligible
or
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of
preparing
and
government.
This
widens
the
job
opportunities
of
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Accountant,
Accounting
Manager,
Internal
Auditor,
Finance
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Recommendation
Accounting is designed to be self-contained. As an accounting
students we want to expand our knowledge beyond that we can cover
in this subject matter or who want more in-depth explanations in
reading this book, Fundamentals of Accounting that geared towards
BSA and BSAT students.
If you want a spontaneous success in business, you should know
about the Fundamentals of Accounting. No matter how skilled you are
at creating a product, providing services, or even marketing your
wares, the money you earn will slip between your fingers if you dont
know how to efficiently collect it, keep track of it, save it and spend or
invest it wisely.
This Book report is recommended for those people who are
highly engaged in business and also for the students with little or no
prior background in basic accounting that want to improve their
accounting literacy. There are no academic prerequisites for this
subject matter. Although we will work with numbers, the only required
math knowledge is addition, subtraction, multiplication and division.
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References
Lopez, Rafael Jr. Fundamentals of Accounting, MS Lopez Printing
and Publishing, 1st October Street, Don Julian Village Ma-a, Davao
City, Philippines,2013
Valix, Conrado, Peralta, Jose and Valix, Christian Aris. Financial
Accounting Volume one, GIC Enterprise & Co., Inc., 2017 C.M.
Recto, Manila, Philippines
Carter, Willam. Cost Accounting (14th Edition), MG Reprographics,
Manila, Philippines
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