Accounting Basics APK for Android

Proper financial planning is a key to the success of every business. In todays business world, accuracy is more important than ever. Accountants do much more than untangle messes at tax time.

They help companies and organizations to meet the requirements and standards set by the government and by their industries. Accredited accountants are always needed to keep individuals and businesses financial affairs in flawless order.

This App of accounting basics will introduce you to some basic accounting principles, accounting concepts, and accounting terminology.

Some of the basic accounting terms that you will learn include revenues, expenses, assets, liabilities, income statement, balance sheet, and statement of cash flows. You will become familiar with accounting debits and credits as we show you how to record transactions.

Few Important Topics covered in this App are Listed Below

Accounting - Overview

Golden Rules of Accounting

Objectives and Scope of Accounting

Accounting - Process

Business Entity Concept

Money Measurement Concept

Going Concern Concept

Cost Concept

Dual Aspect Concept

Accounting Period Concept

Matching Concept

Accrual Concept

Objective Evidence Concept

Convention of Consistency

Convention of Disclosure

Convention of Materiality

Conservation or Prudence

Accounting - Classification of Accounts

Accounting - Systems

Financial Accounting - Journal

Analysis and Treatment of Transactions

Financial Accounting - Ledger

Ruling of Account in Ledger Account

Important Points Regarding Ledger

Illustration

Journal Entries

Cash Book

Single Column Cash Book

Double Column Cash Book

Triple Column Cash Book

Petty Cash Book

Purchase Book

Sale Book

Purchase Return Book

Sale Return Book

Bills Receivables Book

Bills Payable Book

Bank Reconciliation

Trial Balance

Financial Statements

Owners Equity

Current Assets

Current Liabilities

Cash vs. Accrual Basis of Accounting

Financial Accounting - Depreciation

Method of Depreciation

Cost Accounting - Introduction

Concepts of Cost Accounting

Cost Accounting - Advantages

Cost Accounting vs Financial Accounting

Cost Accounting - Classification of Cost

Cost Accounting - Elements of Cost

Cost Accounting - Cost Sheet

Cost Accounting - Cost Control

Cost Control Techniques

Requirements for Successful Cost Control

Cost Accounting - Cost Reduction

Cost Reduction Program

Fields Covered under the Cost Reduction Program

Financial Management

Personal Management

Material Control

Tools and Techniques of Cost Reduction

Cost Accounting - Budgeting Analysis

Budget, Budgeting, and Budgetary Control

Types of Budgets

Flexible Budget Vs. Fixed Budget

Flexible Budget

Cash Budget

Cost Accounting - Marginal Costing

Need for Marginal Costing

Advantages of Marginal Costing

Cost Accounting - Standard Costing

Points Related to Standard Costing

Standard Cost Card

Cost Accounting - Variance Analysis

Direct Material Variance

Direct Labor Variance

Cost Accounting - CVP Analysis

Marginal Cost Equation

Break-Even Chart

Management Accounting

Development Of Accounting Discipline

Accounting Concepts And Conventions

Accounting Concepts

Accounting Conventions

Ledger Posting And Trial Balance

Trial Balance

Subsidiary Books Of Accounts

Double Column Cash Book

Petty Cash Book

Purchase Book

Preparation Of Profit And Loss Account And Balance Sheet

Manufacturing Account

Profit And Loss Account

Rectification Of Errors

Location Of Errors

Accounting Of Negotiable Instruments

Promissory Note

Reconciliation Of Bank Accounts

Single Entry System

Calculation Of Profit Or Loss

Conversion Method

Inventory Valuation Methods

Methods Of Valuation Of Inventories

Valuation Of Inventory For Balance Sheet Purpose

Accounting For Depreciation

Causes Of Depreciation

Methods Of Calculating Depreciation