Financial accounting is a specialized branch of accounting that keeps track of a company's financial transactions. Using standardized guidelines, the transactions are recorded, summarized, and presented in a financial report or financial statement such as an income statement or a balance sheet.
The purpose of accounting is to provide the information that is needed for sound economic decision making. The main purpose of financial accounting is to prepare financial reports that provide information about a firm's performance to external parties such as investors, creditors, and tax authorities.
Basic Financial Accounting covers all the essential aspects of Financial accounting such as
Capital, Profit & Loss.
Drawings Debtors Creditors Owned/Loaned Capital.
Income, Expenditure, Receipts, Payments.
The Need for Accounting.
Money Measurement Concept.
Basic Purpose of Accounting.
Objective of Accounting, Elements/Aspects in Accounting, Separate Entity Concept.
Basic Accounting Equation :: Capital + Liabilities = Assets.
Effect of Transactions on the Accounting Equation.
Dual Entity Concept.
Account Types or Kinds of Accounts - Personal, Real, Nominal.
Kinds of Accounts Illustration.
Rules of Debit and Credit - Accounting.
Rules of Debit and Credit Illustration.
Journal - Book of Prime Entry, Journalising.
Recording a Transaction in the Journal.
Preparing the Ledger : Posting.
Ledger Account Balancing.
Trial Balance Preparation and Purpose.
Organisational Accounting System Design.
Simple Compound/Combined Journal Entry.
Complex Compound/Combined Journal Entry.
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APP FEATURES
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Basic Financial Accounting is an Android Education app developed by Mobile Coach and published on the Google play store. It has gained around 10000 installs so far, with an average rating of 4.0 out of 5 in the play store.
Basic Financial Accounting requires Android with an OS version of 4.0 and up. In addition, the app has a content rating of Everyone, from which you can decide if it is suitable to install for family, kids, or adult users. Basic Financial Accounting is an Android app and cannot be installed on Windows PC or MAC directly.
Android Emulator is a software application that enables you to run Android apps and games on a PC by emulating Android OS. There are many free Android emulators available on the internet. However, emulators consume many system resources to emulate an OS and run apps on it. So it is advised that you check the minimum and required system requirements of an Android emulator before you download and install it on your PC.
Below you will find how to install and run Basic Financial Accounting on PC:
If you follow the above steps correctly, you should have the Basic Financial Accounting ready to run on your Windows PC or MAC. In addition, you can check the minimum system requirements of the emulator on the official website before installing it. This way, you can avoid any system-related technical issues.
| Basic Financial Accounting APK 2.1.2 | 3.03 MB | 2.1.2 |
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