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    1 - Lecture 1 Introduction To Accounting

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    Ehab hoba
    This document provides an introduction and overview of the different types of accounting. It defines accounting as the system used to record and summarize business transactions and financial results. The main types discussed are financial accounting, managerial accounting, cost accounting, international accounting, government accounting, auditing, tax accounting, accounting information systems, and forensic accounting. Each type has emerged due to economic and business developments and serves different users and purposes.

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    1 - Lecture 1 Introduction To Accounting

    Uploaded by

    Ehab hoba
    32 views13 pages
    This document provides an introduction and overview of the different types of accounting. It defines accounting as the system used to record and summarize business transactions and financial results. The main types discussed are financial accounting, managerial accounting, cost accounting, international accounting, government accounting, auditing, tax accounting, accounting information systems, and forensic accounting. Each type has emerged due to economic and business developments and serves different users and purposes.

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    Introduction to accounting and types of accounting

    Original Title

    1- Lecture 1 Introduction to Accounting

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    This document provides an introduction and overview of the different types of accounting. It defines accounting as the system used to record and summarize business transactions and financial results. The main types discussed are financial accounting, managerial accounting, cost accounting, international accounting, government accounting, auditing, tax accounting, accounting information systems, and forensic accounting. Each type has emerged due to economic and business developments and serves different users and purposes.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    32 views13 pages

    1 - Lecture 1 Introduction To Accounting

    Uploaded by

    Ehab hoba
    This document provides an introduction and overview of the different types of accounting. It defines accounting as the system used to record and summarize business transactions and financial results. The main types discussed are financial accounting, managerial accounting, cost accounting, international accounting, government accounting, auditing, tax accounting, accounting information systems, and forensic accounting. Each type has emerged due to economic and business developments and serves different users and purposes.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 13

    Lecture 1

    Introduction to accounting
    Definition of accounting
    the system of
    recording and
    summarizing business
    and financial
    transactions and
    analyzing, verifying,
    and reporting the
    result
    Types of accounting
    As a result of economic, industrial, and
    technological developments, different
    specialized fields in accounting have
    emerged.
    Types of accounting
    As a result of economic,
    industrial, and
    technological
    developments, different
    specialized fields in
    accounting have emerged.
    Financial Accounting
    ‫المحاسبة المالية‬
    Financial accounting involves recording
    and classifying business transactions, and
    preparing and presenting financial
    statements to be used by internal and
    external users.
    In the preparation of financial statements,
    strict compliance with generally accepted
    accounting principles or GAAP is
    observed. Financial accounting is primarily
    concerned in processing historical data.
    Managerial Accounting
    ‫المحاسبة اإلدارية‬

    Managerial or management accounting


    focuses on providing information for use by
    internal users, the management. This branch
    deals with the needs of the management
    rather than strict compliance with generally
    accepted accounting principles.

    Managerial accounting involves financial


    analysis, budgeting and forecasting, cost
    analysis, evaluation of business decisions,
    and similar areas.
    Cost Accounting
    ‫محاسبة التكاليف‬

    Sometimes considered as a subset of


    management accounting, cost accounting
    refers to the recording, presentation, and
    analysis of manufacturing costs. Cost
    accounting is very useful in manufacturing
    businesses since they have the most
    complicated costing process.

    Cost accountants also analyze actual and


    standard costs to help managers determine
    future courses of action regarding the
    company's operations.
    International accounting
    ‫المحاسبة الدولية‬

    Intentional accounting deals with the


    issues and complications involved in doing
    trade in world markets. Many companies
    have expanded their business
    internationally. Such companies employ
    accountants who possess detailed
    knowledge about custom and taxation
    laws of various countries
    Government accounting
    ‫المحاسبة الحكومية‬

    Government accounting is concerned


    with the allocation and utilization of
    government budgets. It ensures that the
    central or state government funds
    released for various purposes are being
    utilized efficiently. The proper record
    keeping makes the audit of completed
    projects possible.
    Auditing
    ‫المراجعة‬

    The term auditing generally refers to review,


    examination, verification, evaluation or
    inspection of historical data, records or
    events belonging to an entity. The person
    who performs the work of audit is known as
    auditor. In accounting and business, there
    are two types of auditing – external auditing
    and internal auditing.
    Tax Accounting
    ‫المحاسبة الضريبية‬

    Tax accounting helps clients follow rules set


    by tax authorities. It includes tax planning
    and preparation of tax returns. It also
    involves determination of income tax and
    other taxes, tax advisory services such as
    ways to minimize taxes legally, evaluation
    of the consequences of tax decisions, and
    other tax-related matters.
    Accounting Information Systems
    ‫نظم المعلومات المحاسبية‬

    Accounting information systems (AIS) involves


    the development, installation,
    implementation, and monitoring of
    accounting procedures and systems used in
    the accounting process. It includes the
    employment of business forms, accounting
    personnel direction, and software
    management.
    Forensic Accounting
    ‫المحاسبة القضائية‬

    Forensic accounting deals with legal


    issues faced by business enterprises.
    Accountants in this area uses their
    knowledge, skills and techniques to
    deal with legal matters such as dispute
    resolution, claim settlement, fraud
    investigation, court and litigation
    cases etc.

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