Fabm1 - Study guides, Class notes & Summaries

Lecture summary discussions on the definition of accounting. Definition from various governing organization related to accounting. This summary lecture includes short/brief history of accounting. With Pre and Post activity exercises.

Complete summary discussion on the 5 Major Accounts in accounting. Discussions on Assets, Liabilities, Owner's Equity, Revenue/Income, and Expense accounts. Under Assets and Liabilities, the accounts are categorized into Current and Non-current. Includes pre- and post exercises activities that applies on how to analyze transactions and how it affects the 5 Major accounts.

Summary discussion on the different branches of accounting and the users of accounting information. Includes pre and post activity related to the topic. Same branches of accounting are tax, auditing, cost accounting, financial accounting, etc.

A summary lecture discussion on the Accounting Standards and Principle. These standards are under the Generally Accepted Accounting Principles (GAAP). Includes discussions like the concept of Accrual Basis for Income/Revenue and Expenses, the Monetary Unit Principle, Periodicity Concept of Accounting, Going Concern and lot more. With situational sample exercise on how to apply the principles and standards in a real life setting.

This class notes discuss 3 basic topics in accounting including the accounting equation, types of major accounts, and the book of accounts. It also features proper journal entry procedure, function of journal and ledger in bookkeeping, and other essential topics designed to easily understand by the readers.

Class notes for the subject Fundamentals of Accountancy, Business, and Management (FABM11) from Lesson 1 to 6. It started with the introduction of accounting. Followed by discussing the different branches of accounting. The users of financial information also tackle in lesson 4. Followed by the different forms of business organization. Then, the 3 types of business according to activities is also included in the latter part of the documents. Lastly, the accounting concepts and accounting princi...