Intro to Financial Accounting APK

Version 1.0 - com.best.self.learning.apps.free.introduction.financial.accounting.fundamentals
best,self,learning,apps,free,introduction,financial,accounting,fundamentals,business,intro

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Download Version 1.0 (1)
Apk Size3.54 MB
App DeveloperBest Self Learning Apps
Malware CheckTRUSTED
Install on Android2.0.x and up
App Packagecom.best.self.learning.apps.free.introduction.financial.accounting.fundamentals.apk
MD587646dcfbe1ee635aa41b351ca28dc14
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Intro to Financial Accounting is best,self,learning,apps,free,introduction,financial,accounting,fundamentals,business,intro, content rating is Everyone (PEGI-3). This app is rated 5 by 1 users who are using this app. To know more about the company/developer, visit Best Self Learning Apps website who developed it. com.best.self.learning.apps.free.introduction.financial.accounting.fundamentals.apk apps can be downloaded and installed on Android 2.0.x and higher Android devices. The Latest Version of 1.0 Available for download. Download the app using your favorite browser and click Install to install the application. Please note that we provide both basic and pure APK files and faster download speeds than APK Mirror. This app APK has been downloaded 42+ times on store. You can also download com.best.self.learning.apps.free.introduction.financial.accounting.fundamentals APK and run it with the popular Android Emulators.

Financial accounting (or financial accountancy) is the field of accounting concerned with the summary, analysis and reporting of financial transactions pertaining to a business. This involves the preparation of financial statements available for public consumption. Stockholders, suppliers, banks, employees, government agencies, business owners, and other stakeholders are examples of people interested in receiving such information for decision making purposes.

Financial accountancy is governed by both local and international accounting standards. Generally Accepted Accounting Principles (GAAP) is the standard framework of guidelines for financial accounting used in any given jurisdiction. It includes the standards, conventions and rules that accountants follow in recording and summarising and in the preparation of financial statements. On the other hand, International Financial Reporting Standards (IFRS) is a set of international accounting standards stating how particular types of transactions and other events should be reported in financial statements. IFRS are issued by the International Accounting Standards Board (IASB). With IFRS becoming more widespread on the international scene, consistency in financial reporting has become more prevalent between global organisations.

While financial accounting is used to prepare accounting information for people outside the organisation or not involved in the day-to-day running of the company, management accounting provides accounting information to help managers make decisions to manage the business.

Financial accounting is the preparation of financial statements that can be consumed by the public and the relevant stakeholders using either Historical Cost Accounting (HCA) or Constant Purchasing Power Accounting (CPPA). When producing financial statements, they must comply to the following:[6]

    Relevance: Financial accounting which is decision-specific. It must be possible for accounting information to influence decisions. Unless this characteristic is present, there is no point in cluttering statements.

    Materiality: information is material if its omission or misstatement could influence the economic decisions of users taken on the basis of the financial statements.

    Reliability: accounting must be free from significant error or bias. It should be easily relied upon by managers. Often information that is highly relevant isn’t very reliable, and vice versa.

    Understandability: accounting reports should be expressed as clearly as possible and should be understood by those to whom the information is relevant.

    Comparability: financial reports from different periods should be comparable with one another in order to derive meaningful conclusions about the trends in an entity’s financial performance and position over time. Comparability can be ensured by applying the same accounting policies over time.

Profit and Loss Statement (also called Statement of Comprehensive Income)

In case of service organisations they are called as profit & loss a/c as income statement.

the profit or loss is determined by:

Sales (revenue) – Cost of Sales – total expenses + total income – tax paid = profit/loss

    If there's a negative balance, it's a loss

    if there's a positive balance, it's a profit

Statement of Financial Position (also called Balance Sheet)

The balance sheet is the statement showing assets & liabilities. As per the proforma, on its right it shows assets and on its left side it shows liabilities. It helps know the status of a company. The difference between current assets and current liabilities is called working capital. The assets are mainly divided into 2 types:

    fixed assets and

    current assets

The liabilities are

    long term liabilities and

    short term liabilities or current liabilities. 

App ChangeLog

App Screens

Intro to Financial Accounting App Screen 1Intro to Financial Accounting App Screen 2Intro to Financial Accounting App Screen 3Intro to Financial Accounting App Screen 4Intro to Financial Accounting App Screen 5

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Apk Scaned By TotalVirus Antivirus,com.best.self.learning.apps.free.introduction.financial.accounting.fundamentals.apk Was Pure And Safe.

Scan Stats:malicious:0|suspicious:0|undetected:59|harmless:0|timeout:0|confirmed-timeout:0|failure:0|type-unsupported:10|
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SHA-1:1b3b5cb820f0ff1308e6bc2494a8de0a03b0a23b
SHA-256:0ed00c5e10448893a3a4f6f1411cf2776a6f046e22f3d86b9d664a4e00ada3c8
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File type:Android
Magic:Zip archive data, at least v2.0 to extract
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Uncompressed Size:4411925
Contained Files	:126
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  1. Lakeisha Reed-avatar

    Lakeisha Reed

    Just a bunch of rubbish, that's all I can say. Uninstalled!

  2. Alebakwe Steven Lesoke-avatar

    Alebakwe Steven Lesoke

    I enjoy it than my lessons

  3. Aluko Babatunde-avatar

    Aluko Babatunde

    It's easy and ok for student

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    Nachiketa Sharma

    You need to buy this app, this is demo version

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    It 's help a lot

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    Very nice

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    A Google user

    good

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    Ravindra Kadam

    Owsome app and great learning app

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    It a great one

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    James Longo

    Use this to be able to get the best way for me to do