Accounting Padlet- NZDB504E-19EX-M04-VX by TANZ eCampus https://padlet.com/itsupport4/vdt4mxepo7m0 en-us 2019-04-08 23:52:50 UTC 2026-03-21 03:22:30 UTC hello@padlet.com Accounting Function: https://padlet.com/itsupport4/vdt4mxepo7m0/wish/352517957
Running a business requires accurate data about the company's assets, liabilities, profits and cash position. The accounting function provides this crucial information. Accounting plays a significant role in evaluating the viability of investments which enable stakeholders to make smart business decisions.


https://smallbusiness.chron.com/role-accounting-business-459.html

]]> 2019-04-18 09:55:25 UTC https://padlet.com/itsupport4/vdt4mxepo7m0/wish/352517957 Accounting https://padlet.com/itsupport4/vdt4mxepo7m0/wish/352890131 Every business involves money so accounts is vital! This requires knowledge in areas such as data entry, assets profits, capital, liabilities current and non-current and also payable accounts. 

Kelly Mathers
info from NZDB502]]> 2019-04-21 01:48:54 UTC https://padlet.com/itsupport4/vdt4mxepo7m0/wish/352890131 Accounting https://padlet.com/itsupport4/vdt4mxepo7m0/wish/353001161 Every business requires accounting. The reason for accounting is to share finical information with stake holders, management, investors and creditors. The purpose of sharing this information is so that these parties can measure and summarise how well the company is doing. Accounting is split up into two parts. One is management and the other financial. Management accounting is what helps run a business where as financial is how well a business is performing. 

https://smallbusiness.chron.com/role-accounting-business-459.html

Gracie Carlyle
]]> 2019-04-22 07:29:50 UTC https://padlet.com/itsupport4/vdt4mxepo7m0/wish/353001161 Accounting https://padlet.com/itsupport4/vdt4mxepo7m0/wish/353196027 I found this link helpful in understanding the importance of accounting in a business enviroment
https://www.youtube.com/watch?v=oAL5zrsR1w8

Julia Millar]]> 2019-04-22 22:51:03 UTC https://padlet.com/itsupport4/vdt4mxepo7m0/wish/353196027 Accounting blvolpe5 https://padlet.com/itsupport4/vdt4mxepo7m0/wish/353209063 This the system in any business for collecting, analyzing and communicating financial information to both internal and external stakeholders.

This link provides a basic understanding of accounting in a business and the functions of accounting.]]> 2019-04-23 00:34:13 UTC https://padlet.com/itsupport4/vdt4mxepo7m0/wish/353209063 Accounting https://padlet.com/itsupport4/vdt4mxepo7m0/wish/353557676
The three major functions of accounting are:

  1. The collection and storage of data concerning a business’s financial activities. The information is gathered from source documents, recorded first in journals then posted to ledgers, either manually or with accounting software.
  2. To supply information that can be used for managerial reports, financial statements, strategic planning and decision-making.
  3. To provide controls that effectively, efficiently and accurately record and process data

Penelope Rye
info found :https://bizfluent.com/list-6681379-basic-accounting-functions.html
]]> 2019-04-23 22:18:44 UTC https://padlet.com/itsupport4/vdt4mxepo7m0/wish/353557676 Accounting https://padlet.com/itsupport4/vdt4mxepo7m0/wish/353989956 Accounting is important to keep an ongoing financial keeping such as operational expenses, salaries, donations, capital, expenditure, investments, cash-flow, and utilities. When tracked on a regular basis, will result in the creation of a financial history that can be used in many ways.
A helpful link
  https://smallbusiness.chron.com/role-accounting-business-459.html

Ashleigh Rees]]> 2019-04-25 04:34:48 UTC https://padlet.com/itsupport4/vdt4mxepo7m0/wish/353989956 Accounting - https://padlet.com/itsupport4/vdt4mxepo7m0/wish/354298494 ACCOUNTING IS WHAT?
  • Language of business
  • The process of identifying, measuring and communication economic info to allow informed decisions by users
Stef Burling-Claridge
]]> 2019-04-25 22:50:35 UTC https://padlet.com/itsupport4/vdt4mxepo7m0/wish/354298494 Accounting https://padlet.com/itsupport4/vdt4mxepo7m0/wish/354317282 Accounting consists of two parts, bookkeeping and analysis.
- Bookkeeping helps to provide financial data that aids the effective management of a business
- Analysis is the assessment of the stability, viability and profitability of a business.
A couple helpful links...
https://accounting-simplified.com/financial/introduction/what-is-accounting.html

https://www.readyratios.com/reference/accounting/accounting_analysis.html

]]> 2019-04-26 01:00:52 UTC https://padlet.com/itsupport4/vdt4mxepo7m0/wish/354317282 Accounting https://padlet.com/itsupport4/vdt4mxepo7m0/wish/354625499 The purpose of accounting is to provide information to the organisations stakeholders, management, investors and creditors.  Accounting measures and summarizes the activities of the company and communicates the results to management and other interested parties.
https://smallbusiness.chron.com/role-accounting-business-459.html


Managers need accurate and timely financial data to make intelligent decisions, and accountants are the ones who produce this information. While the accounting process collects the data and presents it in various types of reports, the accountants help interpret the meanings of the reports and suggest ways to use these details to solve business problems.

Managerial accounting produces internal reports that are designed for management and are used for decision-making. These reports are modified and adapted to the specific purposes and needs of individual managers and are not usually released to parties outside the company.


A few examples of management accounting reports are aging of accounts receivable, inventory levels, monthly sales and status of accounts payable. Internal accounting reports are also used for the preparation of budgets and forecasts.
Sonja Kruger



Accounting can be classified in two forms: management and financial. Management accounting helps to run the business, while financial accounting reports on how well it's running.

]]> 2019-04-27 00:39:38 UTC https://padlet.com/itsupport4/vdt4mxepo7m0/wish/354625499 Accounting https://padlet.com/itsupport4/vdt4mxepo7m0/wish/354636821 "Who's watching the bottom line?" 
quote pcg-services.com
We have several key parts the accounting side plays in a business, money in money out.  Often payroll will fall under this area as a business needs to ensure money is available to pay wages and the taxes.  Preparing financial reports, balance sheets and budgets.
Accounts work closely with management to ensure business meet targets. Caroline Franklin 

]]> 2019-04-27 03:12:55 UTC https://padlet.com/itsupport4/vdt4mxepo7m0/wish/354636821 Accounting jonathanmasters94 https://padlet.com/itsupport4/vdt4mxepo7m0/wish/354718096 The role of the accounting is to tack and provide accurate information for the business for all money passing through. sales, purchases, donations.
Jono masters. https://smallbusiness.chron.com/role-accounting-business-459.html]]> 2019-04-27 23:31:07 UTC https://padlet.com/itsupport4/vdt4mxepo7m0/wish/354718096 Accounting https://padlet.com/itsupport4/vdt4mxepo7m0/wish/354731870 The purpose of accounting is to keep track of financial information like income, expenses, capital, cash flow, etc. The use of this information can help banks of other financial institutions gain a understanding of the organisations financial position and decide whether to invest of lend money.
https://www.accountingtools.com/articles/what-is-the-purpose-of-accounting.html
Marcus Munro]]> 2019-04-28 03:39:22 UTC https://padlet.com/itsupport4/vdt4mxepo7m0/wish/354731870 Accounting https://padlet.com/itsupport4/vdt4mxepo7m0/wish/354821806 The aim of any business is to earn profit and remain solvent. Accounting helps the company keep track of its profits or losses. The main function of an accounting system is to prepare financial statements in a company, which helps them keep a record of their revenue and expenses. In order to bring worldwide uniformity in the accounting process, the statements are prepared according to the Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS). The four main financial statements that are prepared for accounting information are as follows.
  1. Balance Sheet
  2. Statement of Cash Flows
  3. Income Statement
  4. Statement of Retained Earning
https://wealthhow.com/purpose-of-accounting
Candice Tabil
]]> 2019-04-28 21:37:18 UTC https://padlet.com/itsupport4/vdt4mxepo7m0/wish/354821806 Accounting https://padlet.com/itsupport4/vdt4mxepo7m0/wish/354895557 Financial accounting. This group records accounting transactions and converts the resulting information into financial statements. Its primary responsibility is to generate financial statements and the related disclosures that fairly reflect the financial results and condition of the organization. Its primary beneficiary is outsiders, such as investors, creditors, and lenders.]]> 2019-04-29 06:17:09 UTC https://padlet.com/itsupport4/vdt4mxepo7m0/wish/354895557 Accounting https://padlet.com/itsupport4/vdt4mxepo7m0/wish/354895763 Financial accounting. This group records accounting transactions and converts the resulting information into financial statements. Its primary responsibility is to generate financial statements and the related disclosures that fairly reflect the financial results and condition of the organization. Its primary beneficiary is outsiders, such as investors, creditors, and lenders. 


Puarava Paiaaua

https://www.accountingtools.com/articles/types-of-accounting-functions.html

]]> 2019-04-29 06:18:10 UTC https://padlet.com/itsupport4/vdt4mxepo7m0/wish/354895763 Accounting hineyg_kupa https://padlet.com/itsupport4/vdt4mxepo7m0/wish/354924115 Found this article I found helpful the link is below 

Hine Kupa]]> 2019-04-29 08:43:48 UTC https://padlet.com/itsupport4/vdt4mxepo7m0/wish/354924115 Accounting https://padlet.com/itsupport4/vdt4mxepo7m0/wish/359152251 Four major functions of accounting are:
Planning - Formulating short and long term plans through financial planning or budgets.
Organising - Establishing the framework so everyone knows their role to achieve or adhere to the overarching plan.
Controlling - Usually at a management level, this is maintaining and evaluating the process to ensure correctness and accuracy.
Decision-making - Ensuring the best possible choice is made to allow the above three functions to be successfully implemented.

Jennifer Wilson
info from http://www.yourarticlelibrary.com/accounting/management-accounting/functions-of-management-accounting-4-functions/52467]]> 2019-05-11 23:27:59 UTC https://padlet.com/itsupport4/vdt4mxepo7m0/wish/359152251