Module 1 : Introduction to the Importance of Accounting

Covered in this module: What is accounting and how does it help to operate a business profitably? Various subfields of accounting Characteristics of accounting information Functions, advantages and objectives of accounting What is GAAP? Golden Rules and terminologies 1.1 What is accounting? Accounting is the art of recording, classifying, summarising and reporting transactions, with the aim of showing the financial health of an entity, a business unit, a charitable or...