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Essentials of Accounting Systems Finance for Non-Financial Entrepreneurs and Managers.

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Presentation on theme: "Essentials of Accounting Systems Finance for Non-Financial Entrepreneurs and Managers."— Presentation transcript:

1 Essentials of Accounting Systems Finance for Non-Financial Entrepreneurs and Managers

2 Essentials of Accounting Systems Accounting System Purpose: Collection and processing of financial information about a business organisation and reporting of that information to decision makers

3 Essentials of Accounting Systems Accounting System Purpose: Collection and processing of financial information about a business organisation and reporting of that information to decision makers

4 Essentials of Accounting Systems Accounting System: Elements Management Accounting Financial Accounting

5 Essentials of Accounting Systems Accounting System: Elements Management Accounting External Decision Makers Internal Decision Makers Financial Accounting

6 Essentials of Accounting Systems Accounting System: Elements Management Accounting Internal Decision Makers Management of the business enterprise

7 Essentials of Accounting Systems Accounting System: Elements Management Accounting Preparation of detailed plans, forecasts, budgets and performance systems

8 Essentials of Accounting Systems Accounting System: Elements Financial Accounting What’s involved? Preparation of a set of financial statements

9 Essentials of Accounting Systems Accounting System: Elements Financial Accounting External decision makers Investors, owners, creditors, suppliers, customers, etc

10 Essentials of Accounting Systems How to set up a basic record keeping system


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