Preparing and maintaining accounting records

During the course of preparing or auditing year-end financial statements, financial management or the registrant's independent auditor becomes aware of misstatements in a registrant's financial statements. The staff is aware that certain registrants, over time, have developed quantitative thresholds as "rules of thumb" to assist in the preparation of their financial statements, and that auditors also have used these thresholds in their evaluation of whether items might be considered material to users of a registrant's financial statements. The staff reminds registrants and the auditors of their financial statements that exclusive reliance on this or any percentage or numerical threshold has no basis in the accounting literature or the law.

Preparing and maintaining accounting records

Bean Counter Hello my name is Dave and yes I'm a bean counter. No I didn't say alcoholic, that's a soft drink not a beer in my hand, and this is not a meeting of Alcoholics Anonymous.

For those of you that don't know a bean counter is slang sometimes used to refer to a bookkeeper. I've searched the web for good free bookkeeping and accounting tutorials and courses and came to the conclusion that they're hard to find so this is my attempt to try and fill the void.

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What qualifies me to attempt this task? I guess you can tell it's not my fancy dress code. I have over 30 years experience in business and even taught at a small business college for a couple of years. My method of passing on knowledge is to make the subject easy to understand and to use simple examples and terminology to illustrate the concepts being presented.

If you're anything like me I learn a lot easier when I can see an example of what we're talking about. Tell me and show me too. This free bookkeeping tutorial and course is geared to business owners, managers, and individuals who have not had any formal bookkeeping training or on the job experience and need or want to learn the basics of bookkeeping.

In other words, this tutorial is for beginners newbies or those needing a quick refresher and is only an introduction into the world of accounting. They say a little knowledge is a dangerous thing. Well my goal is to make you dangerous.

Preparing and maintaining accounting records

I still need to maybe add a few more quizzes, additionl videos, and review all the lessons for content. Your comments and recomendations would be appreciated.

In the future, I may require a small fee notice I said small for this Updated Version. Get it now while it's still free!

What's Improved Broke the Lessons down into segments more manageable "bites" Better Menu System Removed some Interactive Links in some tables that might have been a little bit confusing Added Videos to emphasize key concepts Some Quizzes Skill Tests are still not graded; but, any test at end of a section are now graded when you register More Mobile Friendly Your Comments Watch My Site Tour Video to quickly determine if my site and tutorials might provide the accounting and bookkeeping help you're looking for.

Consider supporting my site by purchasing an E-book or CD version of my tutorials. Your support makes it possible for me to continue to develop and add additional new tutorials to my Bean Counter Series. Purchase E-book or CD Versions Tutorial Navigation A menu of all the bookkeeping lessons is presented at the top and bottom of all the lessons.

A back and next arrow also allow you to go back to the prior lesson or on to the next lesson.

Preparing and maintaining accounting records

These sections include Navigation Instructions. The Lessons also include Links to additional learning materials and quizzes. Additional Needs My bookkeeping and accounting quizzes and games require Adobe's Free Macromedia Flash Player which is normally already installed on your computer.

My Skill Tests require Javascript to be enabled in your browser. Most computers also already have this feature enabled. This Introduction discusses the types of business organizations, types of business activities, users of financial information, bookkeeping systems, accounting rules, and the cash and accrual basis of accounting.

Lesson 1 The Bookkeeping Language introduces you to some of the terminology and definitions used in the accounting and bookkeeping language. Lesson 3 Debits and Credits introduces and explains Debits and Credits and how they affect the Accounting Equation and are used to record business transactions.

Lesson 4 Recording Business Transactions explains and uses examples to illustrate how business transactions are properly analyzed, recorded, and summarized.Accounting records include all documentation involved in the preparation of financial statements or records relevant to audits and financial reviews.

Associate of Arts in Criminal Justice. The AA in Criminal Justice Program is designed to address the needs of the Criminal justice and security occupations that require the breadth and depth of knowledge and a continually evolving set of physical, technological, cognitive, and interpersonal skills to navigate a rapidly changing environment.

Accounting Support Services. We offer clients a full accounting support service that includes preparing and maintaining accounting records, preparation of management reports and financial statements and compilation of the financial records for annual audit purposes.

When required, we also prepare a full audit file so that the audit fee may be. Guests Accounting moves through life with you. Children grow, careers become businesses and families build wealth and assets that need protection.

Book Pages 2 - Financial Management and Accounting for the Construction Industry — Roles and Responsibilities of the Financial Manager. ACCOUNTANCY MODULE - 1 Notes Accounting Concepts Basic Accounting 18 The main objective is to maintain uniformity and consistency in accounting records.

Accounting Records