All notes · SSC

1 chapter · 6 notes · all free

1. Concept of AccountingWhy is accounting called the “language of business”?
2. Objectives and necessity of accountingWhich is the first objective of accounting, and which is a main one? They are not the same.
3. The origin and evolution of accountingWhat was the road of record-keeping from a knot in a rope to a computer?
4. Users of accounting informationWhy do the bank, the government and the staff all read the same accounts? Who is inside, who is outside?
5. Role of accounting in creating a sense of values and accountabilityKeeping accounts shapes more than a ledger; it shapes character. How?
6. Relation of accounting system with society and environmentDoes the cost of stopping factory smoke go into the books? See the four examples.

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