THE CONCEPT OF ACCOUNTING‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎

The document defines the concept of accounting, differentiates between the terms 'accounting' and 'bookkeeping' and states some of the purposes of accounting.

1. CSEC PRINCIPLES OF ACCOUNTS LESSON # 1 BY: MICHELLE BARRETT & SHAWNETTE DEWAR

2. CONCEPT AND PURPOSE OF ACCOUNTING

3. OBJECTIVES Explain the term ‘Principles of Accounting’ Differentiate between ‘Accounting’ and ‘Book-keeping’ State at least TWO purposes of accounting

4. WHAT ARE THE PRINCIPLES OF ACCOUNTING?

5. WHAT IS ACCOUNTING? A System A Process A Cycle

6. WHAT IS BOOKKEEPING? The Recording of financial data JOURNALS LEDGERS

7. THE PURPOSE OF ACCOUNTING? Record financial transactions Prepare financial statements Make financial decisions Ensure a business is successful