Intoduction to Record Keeping | Accounting and Financial Management (ACCT101) скачать в хорошем качестве

Intoduction to Record Keeping | Accounting and Financial Management (ACCT101)

http://goo.gl/FVF1jf for more free video tutorials covering Accounting and Financial Management. This video gives an introductory overview on record keeping in accounting and its importance, what does record keeping do & its’ influence in the accounting cycle. Record keeping is a system of accounting that processes important data from events in the real world, turning it into usable information that a user can used to make informed decisions. Basically, here information an evidences are used to prepare financial statement which also used to verify integrity of financial statement when auditing. Next, the video discusses the importance of record keeping in details. Moving on, the video briefly demonstrates how record keeping play significant role to support management decision making and explains the key elements of record keeping. Last part of the video illustrates steps in the accounting cycle- source document, journal entries, post to ledger, pre-closing trail balance, adjusting entries, adjusted trail balances, closing journal entries, post-closing trial balance and financial statement.