Financial accounting
- Financial Accounting
Management accounting
- Management Accounting
Profit and Loss Statement
- Profit and Loss Statement
Audits
- Audits
Accounting Methods Transcript
- Accounting Methods
Books
- Books
What you'll learn
- Students will learn the purpose of Financial Accounting
- Students will learn about Management Accounting
- Students will learn about cost accounting
- Students will learn about tax accounting
Description
Most small businesses will usually only require an accounting program app or it may be included as a part of an IT proprietary system specific for larger, high volume small businesses. As companies grow larger, a competent accountant and eventually an accounting department may become essential to efficient operations and management.
Nonetheless, even if you outsource and turn all accounting matters over to your accountant(s), it’s still a good business practice to understand the basic principles of accounting for a small to medium business. Your own personal accounting knowledge may become necessary until your business becomes more profitable and can afford professional accounting help, and eventually an accounting department.
Not all accounting techniques are the same. Accounting can be divided into several fields including financial accounting, management accounting, external auditing, tax accounting, and cost accounting.
Financial accounting involves preparing vital company-wide accounting. They go by the letter of accounting jurisdictional standards. They are the nuts and bolts of the company’s accounting.
Management accounting is used for departmental planning and assessment. Here, data is prepared to give a picture, often of an inter-company project, by using a variety of data to assess and predict future trends etc. When forecasts prove to be profitable for the company, the account managers become the movers and shakers of the company.
Cost accounting involves procedures for recording and reporting measurements of the cost of manufacturing goods and performing services.
Tax accounting is accounting that adheres strictly to government tax law standards and procedures.
The following textbooks are available online at Barnes and Noble and can be found, along with other publications, under my name, Shane Irvine:
The Executive Juris Doctor ISBN 979-8-891-45669-3
The Bootstrapped Entrepreneur ISBN 979-8-892-17209-7
The Sales Management Team Textbook ISBN 979-8-891-45086-8
The Perfect Business Plan ISBN 979-8-892-17201-1
Business Law for the Nascent Entrepreneur ISBN 979-8-892-17208-0
The University of Sheffield
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About the instructors
- 4.36 Calificación
- 6592 Estudiantes
- 18 Cursos
Shane Patrick Irvine
Business and Law Explained
We're not all born with a financial legacy and we all know that it takes money to make money. The trick is to use other peoples money by convincing them that your idea is going to reap a profit. In business, knowledge is power and thus allows those with knowledge and motivation to perform at their peak. Understanding business science and how the legal system works is the great equalizer. My name is Shane Patrick Irvine, and I have a Juris Doctor degree from Southern California Institute of Law and studied business science at the University of San Francisco. I was a business and legal editor back in the days of newspapers. As such, I had to write everything in AP editing style which is designed to keep everything at a seventh-grade reading level. That, is what I bring to the table, being able to explain complex matters in as simple of terms as possible. I always hated having to have a dictionary next to me when I would listen to some instructors. I prefer as simple as possible. These courses provide students with the same information taught in a traditional business college or law school. I recommend taking notes and building course outlines. I also recommend using the information to develop a business plan. The business plan should include a short mission statement, the who, what, where, and why with a management strategy and financial plan.
The following textbooks are available online at Barnes and Noble and can be found, along with other publications, under my name, Shane Irvine:
The Executive Juris Doctor ISBN 979-8-891-45669-3
The Bootstrapped Entrepreneur ISBN 979-8-892-17209-7
The Sales Management Team Textbook ISBN 979-8-891-45086-8
The Perfect Business Plan ISBN 979-8-892-17201-1
Business Law for the Nascent Entrepreneur ISBN 979-8-892-17208-0
Student feedback
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