Meaning and scope of accounting CA foundation Chapter 1 in Tamil скачать в хорошем качестве

Meaning and scope of accounting CA foundation Chapter 1 in Tamil

In this video we explain about what are the meaning and scope of accounting for CA foundation chapter 1 Unit 1 in Tamil . This video is useful for CA foundation CMA foundation CS foundation and also 11th & 12th accountancy students and B.com student CA Study Material Free Download Link https://www.icai.org/post.html?post_i... Next Video -Accounting Concepts , Principles & Conventions in Tamil for CA Foundation Accounts Chapter 1 Unit 2    • Accounting Concepts , Principles & Convent...   For Information contact us Madhi Academy WhatsApp number +91 7708941960 Chennai SUMMARY w “Accounting is the art of recording, classifying, and summarising in a signicant manner and in terms of money, transactions and events which are, in part at least, of a financial character, and interpreting the result thereof.” w Accounting procedure can be basically divided into two parts: (i) Generating financial information and (ii) Using the financial information. w The objectives of accounting can be given as follows: (i) Systematic recording of transactions (ii) Ascertainment of results of above recorded transactions (iii) Ascertainment of the financial position of the business (iv) Providing information to the users for rational decision-making (v) To know the solvency position w The main functions of accounting are as follows: (i) Measurement (ii) Forecasting (iii) Decision-making (iv) Comparison & Evaluation (v) Control (vi) Government Regulation and Taxation w Objectives of Book-keeping: (i) Complete Recording of Transactions and (ii) Ascertainment of Financial Effect on the Business w The various sub-fields of accounting are: (i) Financial Accounting (ii) Management Accounting (iii) Cost Accounting (iv) Social Responsibility Accounting (v) Human Resource Accounting w The various users of accounting information: (i) Investors (ii) Employees (iii) Lenders (iv) Suppliers and Creditors (v) Customers (vi) Government and their agencies (vii) Public (viii) Management