ACCOUNTING FOR NON FINANCE PEOPLE

ACCOUNTING FOR NON FINANCE PEOPLE.

From my teaching experience in MBA program it has been found that the people who are not having commerce background it is a big and tough task to learn accounting. So I have given the following easy steps to learn accounting in a very simple way without any difficulty:

• At the very out set learn the basic terminology which are to be used  in accounting. These terminologies are considered as the letters to learn a language like accounting which is considered as the language of business. e.g. Capital, Assets, Liabilities etc
• After that learn the concepts or principles which are to be followed in recording the transactions or events and presentation of results. e.g. money measurement concept.
• Next  learn the rules to be followed  in recording the transactions in the books of accounts. e.g. Journal, Cash Book, Ledgers

• Learn how to prepare the  financial Statements. e.g . Trading Account, Profit & Loss Account, Balance Sheet.

Follow the link for details of my PPT to learn Accounting:
www.slideshare.net/.../sankarpresentation1accountancy-13762426