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FA I

The document outlines the fundamentals of accounting for business organizations, covering the nature and classification of business types, the accounting cycle for service and merchandising businesses, and internal control over cash and receivables. It introduces key accounting principles, standards, and the importance of accounting information for various users. Additionally, it discusses business transactions, the accounting equation, and the structure of financial statements for sole proprietorships.

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Jemal Seid
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11 views2 pages

FA I

The document outlines the fundamentals of accounting for business organizations, covering the nature and classification of business types, the accounting cycle for service and merchandising businesses, and internal control over cash and receivables. It introduces key accounting principles, standards, and the importance of accounting information for various users. Additionally, it discusses business transactions, the accounting equation, and the structure of financial statements for sole proprietorships.

Uploaded by

Jemal Seid
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Chapter1:-Introduction to Accounting for Business Organization

Chapter 2:- Accounting Cycle for Service types of business with sole proprietor

Chapter 3:- Accounting for Merchanseizing type of types of business

Chapter 4:- Accounting for Merchandizing type of types of business

Chapter 5:-Accounting for Internal Control over cash and Receivable


Chapter: - 1
Introduction to Accounting for Business Organization
Part.1 Nature and Classification of Business Organizations

 The meaning Business Organizations


 Types and Forms of Business organization
 Major activities of Business organization
Part 2: The role of Accounting in Business Environment

 Definition, and Objectives of Accountings


 Functions and Important of Accounting Information for Users
 Accounting Profession and Branches of accounting
 Evolution of Accounting(The development of accounting passes through two
stages)
 Characteristic of Accounting Information
Part 3: Accounting Principles and Standards
 Meaning and Concepts of Accounting Principles and Practices
 Major parties Standard setting Entities and Organization
 Basic Types of Accounting standards and Principles
Part 4:- Business Transactions and the Accounting Equation
 Business transactions and economic activities and Types of Transactions
 the impacts Business transactions and Elements of Accounts involved in business
transaction;
 The Accounting Equation and Business transaction
o Meaning and Types of Accounting Equation
o Illistrative Business transaction using basic Accounting Equation
 Financial statements for sole proprietorship
 Types of four Financial statement
 Format and structure of the Financial statement

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