Accounting Concepts
Bayani Gaba-gaba
Every set of financial statements is built on a shared set of rules that accountants agree to follow, even when nobody is watching. These rules are not laws written by a government; they are conventions that make one business's accounts comparable with another's, and comparable with its own accounts from last year. Without them, 'profit' could mean whatever a business wanted it to mean.
In this lesson you will learn the ten accounting concepts that underpin bookkeeping and financial reporting: business entity, going concern, accruals, consistency, prudence, materiality, historic cost, realisation, duality and money measurement. For each one you will see a concrete example of it being applied, or of what goes wrong when it is ignored.
Manufura
- Understand the significance of the following accounting concepts: consistency, prudence, accruals, materiality, money measurement and business entity
Taswirar tunani
An zana wannan batu don ka ga yadda ra'ayoyi ke hadewa.
Bude taswirar tunani a cikin manhaja
Katunan tunawa
Gwaji mai sauri kan abin da ake jarraba a wannan batu.
Yi atisayen wadannan katuna a cikin manhaja
Takardar Darasi
Cikakken Bayanin Darasi Yana Kan Manhajar Green Bridge
Sami manhajar Green Bridge CBT a wayarka ko kwamfutarka domin cikakken laburaren IGCSE: takardun jarrabawar baya, tsarin kimantawa, taswirar tunani, katunan karatu da darussan sauti.
Nazarin Darasi
Barka da kammala darasi akan Accounting Concepts. Yanzu da kuka bincika mahimman ra'ayoyi da ra'ayoyi, lokaci yayi da zaku gwada ilimin ku. Wannan sashe yana ba da ayyuka iri-iri Tambayoyin da aka tsara don ƙarfafa fahimtar ku da kuma taimaka muku auna fahimtar ku game da kayan.
Za ka gamu da haɗe-haɗen nau'ikan tambayoyi, ciki har da tambayoyin zaɓi da yawa, tambayoyin gajeren amsa, da tambayoyin rubutu. Kowace tambaya an ƙirƙira ta da kyau don auna fannoni daban-daban na iliminka da ƙwarewar tunani mai zurfi.
Yi wannan ɓangaren na kimantawa a matsayin wata dama don ƙarfafa fahimtarka kan batun kuma don gano duk wani yanki da kake buƙatar ƙarin karatu. Kada ka yanke ƙauna da duk wani ƙalubale da ka fuskanta; maimakon haka, ka kallesu a matsayin damar haɓaka da ingantawa.
- A sole trader takes goods from the business for personal use without paying for them. This must be recorded as drawings because of which concept? A) Going concern B) Business entity C) Realisation D) Materiality Answer: B
- Closing inventory cost 6,000 but has a net realisable value of 5,200. At which value should it appear in the financial statements, and under which concept? A) 6,000, historic cost B) 5,200, prudence C) 6,000, consistency D) 5,200, materiality Answer: B
- Which concept states that revenue is recognised when a sale is legally completed, not when cash is received? A) Accruals B) Realisation C) Duality D) Going concern Answer: B
- A business always depreciates its vehicles using the same method each year unless there is good reason to change. This reflects which concept? A) Prudence B) Materiality C) Consistency D) Historic cost Answer: C
- A business buys a non-current asset for 40,000 in cash. Recording both the increase in the asset and the decrease in cash reflects which concept? A) Duality B) Money measurement C) Materiality D) Realisation Answer: A
Yi aikin wadannan tambayoyi a cikin manhaja
Yi aikin wadannan tambayoyi a cikin manhaja
Littattafan da ake ba da shawarar karantawa
Ƙarin koyo daga tushe na buɗe
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Sashen littafi
Describe Principles, Assumptions, and Concepts of Accounting and Their Relationship to Financial Statements
"Principles of Accounting, Volume 1: Financial Accounting: Describe Principles, Assumptions, and Concepts of Accounting and Their Relationship to Financial Statements" by OpenStax, OpenStax, Rice University, licensed under CC BY-NC-SA 4.0 (https://creativecommons.org/licenses/by-nc-sa/4.0/). Source: https://openstax.org/books/principles-financial-accounting/pages/3-1-describe-principles-assumptions-and-concepts-of-accounting-and-their-relationship-to-financial-statements. Access for free at https://openstax.org/books/principles-financial-accounting/pages/1-introduction
Wasu ƙungiyoyi ne suka wallafa su ƙarƙashin lasisin buɗe, kuma muna ambaton su yadda suka nema. Hanyoyin suna buɗe shafukansu.
Yi Aikin Tambayoyin Gwaji
Kana son yin aikin tambayoyin gwaji kan Accounting Concepts? Sauke manhajar Green Bridge CBT don samun tambayoyin gwaji da cikakkun jarrabawa akan wannan batu.
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Duk abin da kake buƙata don yin fice a JAMB, WAEC & NECO.
