basics-of-accounting-information-processing

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Unformatted text preview: EADS. A global leader in aerospace, defence and related services. Let your imagination take shape. EADS unites a leading aircraft manufacturer, the world’s largest helicopter supplier, a global leader in space programmes and a worldwide leader in global security solutions and systems to form Europe’s largest defence and aerospace group. More than 140,000 people work at Airbus, Astrium, Cassidian and Eurocopter, in 90 locations globally, to deliver some of the industry’s most exciting projects. learning and development opportunities, and all the support you need, you will tackle interesting challenges on state-of-the-art products. We take more than 5,000 interns every year across disciplines ranging from engineering, IT, procurement and finance, to strategy, customer support, marketing and sales. Positions are available in France, Germany, Spain and the UK. An EADS internship offers the chance to use your theoretical knowledge and apply it first-hand to real situations and assignments during your studies. Given a high level of responsibility, plenty of To find out more and apply, visit www.jobs.eads.com. You can also find out more on our EADS Careers Facebook page. Download free eBooks at bookboon.com 5 Basics of Accounting & Information Processing Contents 7. 7.1 7.2 7.3 7.4 The Journal Illustrating the Accounting Journal Special Journals Page Numbering But, What are the Account Balances? 33 34 34 36 36 8. 8.1 8.2 The General Ledger Posting To Review 37 38 40 9. 9.1 9.2 The Trial Balance Debits Equal Credits Financial Statements From the Trial Balance 41 41 42 10. 10.1 Computerized Processing Systems What do they Look Like 43 43 11. 11.1 11.2 11.3 T-accounts Comprehensive T-Accounting Illustration Chart of Account Control and Subsidiary Accounts 45 46 47 48 Excellent Economics and Business programmes at: Please click the advert “The perfect start of a successful, international career.” CLICK HERE to discover why both socially and academically the University of Groningen is one of the best places for a student to be www.rug.nl/feb/education Download free eBooks at bookboon.com 6 Basics of Accounting & Information Processing Welcome to the World of Accounting Part 1 Welcome to the World of Accounting Your goals for this “welcoming” chapter are to learn about: The nature of financial and managerial accounting information. The accounting profession and accounting careers. The fundamental accounting equation: Assets = Liabilities + Owners’ Equity. How transactions impact the fundamental accounting equation. The four core financial statements. Download free eBooks at bookboon.com 7 Basics of Accounting & Information Processing Accounting Information 1. Accounting Information You likely have a general concept of what accountants do. They capture information about the transactions and events of a business, and summarize that activity in reports that are used by persons interested in the entity. But, you likely do not reali...
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This document was uploaded on 09/24/2013.

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