2. Accounting: Concepts and
Principles

4. Accounting Definition
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Concept, Objectives and Functions of
Accounting

5. business entity

8. : Accounting Information
System
System
Inputs
Processing

9. Outputs:
Feedback
Information System
data

10. processing
•
•
information

11. Accounting Information System
financial data
accounting processing
financial information

13. Objectives of Accounting
–result
–financial position

14. –net cash flows
–

15. Functions of Accounting
measurement
recognition
transactions
financial
transactions

16. quantitative measurement:
recording:

17. classification:
summarizing:
communicationdisclosure
financial reporting

18. Decision system:
Decision System
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Accounting systemDecision system
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19. scientific
Accounting

20. practical
Bookkeeping

21. •
Internal Users of Accounting Information
•
External Users of Accounting Information
Users of Accounting Information

22. Internal Users of Accounting Information
Management:
personnel:

23. External Users of Accounting Information
-Owners
:
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24. -Potential Investors
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-Lenders
-Suppliers
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25. -Governmental Agencies
-Customers
-General Public

26. Branches of Accounting

27. Financial Accounting:
financial reporting

28. Managerial Accounting

29. -Cost Accounting
-Governmental Accounting:

30. -Tax and Zakaat Accounting
-Auditing
-Accounting System

31. Basic Accounting Glossary

32. Business entity

33. Assets
Fixed Assets

34. Current Assets

35. Liabilities
Fixed Liabilities
Current Liabilities

36. Owner's Equity
Capitalretained
earnings
Revenues
Expenses

37. Account

38. Income Statement.
Financial Position Statement (Balance
Sheet)
Statement of Cash Flows
Financial Statements

39. Income Statement:
Financial Position Statement (Balance
Sheet)
Statement of Cash Flows

41. -Relevance
-Timeliness
Characteristics of Accounting Information

42. -Verifiability
-Objectivity (Freedom of Bias)
-Accuracy
-Quantifiability

43. -Accounting Entity
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Generally Accepted Accounting Principles (GAAP)

44. -Monetary Unit
–-
-Historical Cost
-Going Concern

45. -Accounting Period
-Matching

46. -Revenue Recognition
-Consistency

47. -Conservation
-Materiality
-Disclosure