Accounting Padlet - NZDB504E-18EX-M07-MX by TANZ eCampus https://padlet.com/itsupport4/j57y646a0dka en-us 2018-07-09 02:08:52 UTC 2025-11-10 06:24:28 UTC hello@padlet.com nicart https://padlet.com/itsupport4/j57y646a0dka/wish/270806845 http://www.businessdictionary.com/definition/accounting.html

]]> 2018-07-22 22:52:25 UTC https://padlet.com/itsupport4/j57y646a0dka/wish/270806845 nicart https://padlet.com/itsupport4/j57y646a0dka/wish/270806937 accounting is used to keep track of a businesses financial accounts and record all transactions ,it shows what position the company is in financially ]]> 2018-07-22 22:54:10 UTC https://padlet.com/itsupport4/j57y646a0dka/wish/270806937 Rachel R https://padlet.com/itsupport4/j57y646a0dka/wish/270811258 To collect, store, and process financial and accounting data and produce informational reports that managers or other interested parties can use to make business decisions.

Reference: https://www.accountingedu.org/accounting-information-systems.html
]]> 2018-07-22 23:55:30 UTC https://padlet.com/itsupport4/j57y646a0dka/wish/270811258 Lisa Turnbull https://padlet.com/itsupport4/j57y646a0dka/wish/270834370 https://www.youtube.com/watch?v=GpRRQBv8oiY]]> 2018-07-23 03:43:35 UTC https://padlet.com/itsupport4/j57y646a0dka/wish/270834370 https://www.accountingcoach.com/blog/what-is-accounting https://padlet.com/itsupport4/j57y646a0dka/wish/270843301 Lydia Watkins
I think this explains well what accounting is and how it is an important business function]]> 2018-07-23 05:59:19 UTC https://padlet.com/itsupport4/j57y646a0dka/wish/270843301 https://www.accountingcoach.com/blog/what-is-accounting https://padlet.com/itsupport4/j57y646a0dka/wish/270857095 Esther Anderson

This article states that accounting is the "recording of financial transactions plus storing, sorting, retrieving, summarising and presenting informations in various reports and analyses". It provides a clear definition of the term accounting.]]> 2018-07-23 10:29:27 UTC https://padlet.com/itsupport4/j57y646a0dka/wish/270857095 Fern T https://padlet.com/itsupport4/j57y646a0dka/wish/270945823 The accounting function is concerned with all things finance. It documents payroll, bills, revenue, tax, profit and also maintains accurate financial records to serve both stakeholders and the decision makers of a business.
https://smallbusiness.chron.com/accounting-functions-organization-22781.html

http://www.open.edu/openlearn/money-management/organisations-and-management-accounting/content-section-4.7]]> 2018-07-24 05:00:38 UTC https://padlet.com/itsupport4/j57y646a0dka/wish/270945823 Daniel https://padlet.com/itsupport4/j57y646a0dka/wish/270965871 This article relate the success or failure of small business and the affect of accounting in a business. Sometimes is mislead relate accounting function as only a department that collect bill and pay transactions. But accounting functions are where business can see their efficiency and effectiveness and use of resources and generate revenue.

https://smallbusiness.chron.com/role-accounting-business-459.html]]> 2018-07-24 09:18:22 UTC https://padlet.com/itsupport4/j57y646a0dka/wish/270965871 Jacqui M https://padlet.com/itsupport4/j57y646a0dka/wish/270970208 The article explains the primary purpose of any accounting function is that of ongoing financial record keeping. This gives managers a snapshot of the firm’s financial health and wealth at any given time and for external stakeholders. https://smallbusiness.chron.com/accounting-functions-organization-22781.html]]> 2018-07-24 10:41:46 UTC https://padlet.com/itsupport4/j57y646a0dka/wish/270970208 Tegan D https://padlet.com/itsupport4/j57y646a0dka/wish/271116902 Accounting is the section of business which deals with all things financial. This covers, but isn't limited to, analyzing any profit/loss which the business generates, managing any debt which the business may have, keeping clear records for the end of year annual accounts and being fulfilling any tax obligations.
Please see the link below for more information.

https://www.investopedia.com/terms/a/accounting.asp]]> 2018-07-25 19:19:56 UTC https://padlet.com/itsupport4/j57y646a0dka/wish/271116902 Michelle https://padlet.com/itsupport4/j57y646a0dka/wish/271234540 Accounting is vital in business  as this article explains
You need to track and control your money and have good management of your accounts..https://yourbusiness.azcentral.com/role-accounting-business-1442.html


]]> 2018-07-26 22:33:43 UTC https://padlet.com/itsupport4/j57y646a0dka/wish/271234540 Leona M https://padlet.com/itsupport4/j57y646a0dka/wish/271320876 The function of accounting is to provide information to internal and external stakeholders to help them make decisions. Financial reports summarize a company's past performance and evaluate its financial health. Further information relating to this can be found at  https://courses.lumenlearning.com/boundless-accounting/chapter/overview-of-key-elements-of-the-business/]]> 2018-07-28 03:58:15 UTC https://padlet.com/itsupport4/j57y646a0dka/wish/271320876 Angela amhepi https://padlet.com/itsupport4/j57y646a0dka/wish/271413906 Accounting is the process of systematically recording, measuring, and communicating information about financial transactions.

How It Works
At the heart of accounting is the double-entry bookkeeping method. This involves making at least two recording entries for every transaction: a debit in one account and a credit in another account. The method helps prevent errors because the sum of the debits should equal the sum of the credits. The three major financial statements produced by accounting are the income statement, the balance sheet, and the cash flow statement.

Accounting can be done on a cash basis (cash accounting) or on an accrual basis (accrual accounting). Cash accounting records cash inflows and outflows in the period in which they occur. Accrual accounting records income and expenses in the period to which they are attributable rather than when cash payments come and go.
For more information:
https://www.merriam-webster.com/dictionary/accounting
 
]]> 2018-07-30 03:55:15 UTC https://padlet.com/itsupport4/j57y646a0dka/wish/271413906 Julia L https://padlet.com/itsupport4/j57y646a0dka/wish/271423632 2018-07-30 06:06:15 UTC https://padlet.com/itsupport4/j57y646a0dka/wish/271423632 Julia https://padlet.com/itsupport4/j57y646a0dka/wish/271423633 2018-07-30 06:06:15 UTC https://padlet.com/itsupport4/j57y646a0dka/wish/271423633 Julia L https://padlet.com/itsupport4/j57y646a0dka/wish/271423634 https://www.accountingcoach.com/blog/what-is-accounting]]> 2018-07-30 06:06:15 UTC https://padlet.com/itsupport4/j57y646a0dka/wish/271423634 Julia L https://padlet.com/itsupport4/j57y646a0dka/wish/271423635 https://www.accountingcoach.com/blog/what-is-accounting

]]> 2018-07-30 06:06:16 UTC https://padlet.com/itsupport4/j57y646a0dka/wish/271423635 Aaron Gardner https://padlet.com/itsupport4/j57y646a0dka/wish/271537312 Accounting is a systematic process for analysing financial information for any business.  It allows the business to communicate financially (e.g. profit vs. loss for a certain period.)

http://www.businessdictionary.com/definition/accounting.html]]> 2018-07-31 08:26:06 UTC https://padlet.com/itsupport4/j57y646a0dka/wish/271537312 Nicole https://padlet.com/itsupport4/j57y646a0dka/wish/271657742 The primary purpose of any accounting function is that of ongoing financial record keeping. The ongoing result is the creation of an organization’s financial history that can be used in a variety of ways, as it gives managers a snapshot of the firm’s financial health and wealth at any given time, and helps many stakeholders to make informed decisions.
https://smallbusiness.chron.com/accounting-functions-organization-22781.html]]> 2018-08-01 11:24:07 UTC https://padlet.com/itsupport4/j57y646a0dka/wish/271657742 MONICA https://padlet.com/itsupport4/j57y646a0dka/wish/272132016
"Above all, accounting plays an important role in small business management, helping track financial information for business functions."("The Role of Accounting in Business", 2018)

Reference:
The Role of Accounting in Business. (2018). Retrieved from https://smallbusiness.chron.com/role-accounting-business-459.html


]]> 2018-08-06 23:51:41 UTC https://padlet.com/itsupport4/j57y646a0dka/wish/272132016 Kasharn Kotua https://padlet.com/itsupport4/j57y646a0dka/wish/273440139 Accounting is important within a business as it shows not only a overview of the health of the business but also helps to make good financial decisions.
https://yourbusiness.azcentral.com/key-roles-functions-financial-accounting-within-organization-12681.html]]> 2018-08-16 09:42:33 UTC https://padlet.com/itsupport4/j57y646a0dka/wish/273440139 Shyann shyann_parkinson https://padlet.com/itsupport4/j57y646a0dka/wish/279045094 The purpose of accounting in a business helps to asses the businesses financial history and current performance.
https://courses.lumenlearning.com/boundless-accounting/chapter/overview-of-key-elements-of-the-business/]]> 2018-09-08 01:26:33 UTC https://padlet.com/itsupport4/j57y646a0dka/wish/279045094