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Accounting

The document provides an overview of accounting, defining it as a system for recording and analyzing financial transactions essential for decision-making. It outlines the types of accounting, including financial, managerial, and tax accounting, and emphasizes the importance of accounting in business for resource management, legal compliance, and performance evaluation. Additionally, it mentions popular accounting software options that facilitate various financial tasks.

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1 views

Accounting

The document provides an overview of accounting, defining it as a system for recording and analyzing financial transactions essential for decision-making. It outlines the types of accounting, including financial, managerial, and tax accounting, and emphasizes the importance of accounting in business for resource management, legal compliance, and performance evaluation. Additionally, it mentions popular accounting software options that facilitate various financial tasks.

Uploaded by

yourhotmomyy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Accounting

Presented by :
• Hiba Mansouri
• Imane Okrichane
• Khadija Yabda

Supervised by Prof :
Saloua El Marzguioui
Plan :
 Definition of Accounting

 Types of Accounting

 Basic Principales of Accounting

 The importance of Accounting in business

 Accounting software

 Conclusion
Definition of Accounting
Accounting is a system of
recording, tracking, and
analyzing financial transactions
of a business or organization . It
enables the production of
financial statements and reports
that reflect the financial health
of the entity, as well as providing
crucial information for economic
and strategic decision-making.
Types of Accounting
Financial Accounting
• Focuses on recording and reporting financial information to
external stakeholders such as investors, creditors, and
regulators. It follows generally accepted accounting principles
(GAAP) or international financial reporting standards (IFRS).

Managerial Accounting
• Provides financial information to internal stakeholders such as
management, to support decision-making, planning, and control
within an organization. It may include budgeting, cost analysis,
and performance evaluation.

Tax Accounting
• Focuses on preparing and filing tax returns for individuals and
organizations, ensuring compliance with tax laws and
regulations. Tax accountants help minimize tax liabilities and
maximize tax benefits.
Basic Principales of Accounting

• Revenue and • Methods and • Emphasizes the


expenses are procedures used significance of an
recorded when they should be consistent item to accurate
are incurred. over time. financial statements.

Accrual Consistency: Materiality:


Basis:
The
importance of
Accounting in
business
• Ensures effective management of
Finan
cial
financial resources, aiding decision-
Mana making.
geme
nt

• Helps businesses adhere to legal


Comp
liance requirements and maintain
&
Regul transparency.
ation
s
• Enables assessment of business
Perfo
rman
performance, identifying
ce strengths and weaknesses.
Evalu
ation
Accounting software
• Some popular accounting
software includes
QuickBooks, Sage, Xero,
Wave Accounting, and
FreshBooks. These
software options offer
various features for
managing finances,
invoicing, reporting, and
other accounting-related
tasks.
Conclusion :
• In summary, accounting is essential for
monitoring and managing the financial health of
organizations. It provides valuable insights for
decision-making, planning, and compliance with
regulations. Whether it's recording transactions,
preparing financial statements, or analyzing
data, accounting plays a fundamental role in the
success of businesses and other entities.
Thank you
for your
attention

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