Welcome To Our Presentation

Abdus Samad Sadi 101160 25Mushrat Ahmed 101160 13Rakibul Hassan 101160 17Mashiath Mahtarin Chowdhury 101160 32Abu Salek Suhan 101160 02

Presenters Are Army Institute of Business Administration, Sylhet

Branches of AccountingFinancial Accounting

Government Accounting

Social Accounting

cost Accounting

Auditing

Managerial Accounting

Forensic AccountingTax Accounting

AssetAssets are sometimes defined as resources or things of value that are owned by a company or country

Assets have different types1. Current Assets2. Long –Term investment 3. Property ,Plant and Equipment4. Intangible Assets

Example of AssetsCash

Supplies Acc

ounts

ReceivableInve

ntory

Current AssetsCurrent Assets are which assets company expected to convert

to cash or use up within one year or its operating cycle.

Cash Accoun

ts Receivable

Supplies

Prepaid

Insurance

Long –Term investment It is n generally investment in stocks and bond of other

companies that are normally held for many years

Stock Investm

ents

Investment in real

estate

Property ,Plant and EquipmentThis assets are long useful lives that a company is

currently using in operating a the business.

Building

Land

Equipment

Furniture

Intangible AssetsCompanies Long-lived assets that do not have physical

substance.

Goodwill

Patents

Tread Mark

Copy Right

LiabilitiesLiabilities are claims against assets

that is existing debts and obligations.Liabilities have different types1. Current Liabilities 2. Long –Term Liabilities

Example of LiabilitiesAccounts Payable

Notes

Payable

Bonds Payab

le

Interest

Payable

Unearned

Service Revenu

e

Salaries & Wages Payable

Current Liabilities Current Liabilities are those which the company is to pay within

the coming year or its operating cycle.

Accounts

Payable

Notes Payab

le

Salaries & Wages Payable

Long –Term LiabilitiesLong –Term Liabilities are those which company expects to pay

after one year.

Mortgage

Payable

Long –term debt

RevenueThe gross increase in owner`s equity resulting from business activities enlarged into for the purpose of earning income.

Service

Revenue

SalesReven

ue

SalesDiscou

nt

ExpensesExpense are the cost of

assets consumed or service used in the process of

earning revenue.

Rent Expenses

Salaries & Wages

Expenses

Interest

Expenses

Supplies

Expenses

Depreciation

Expenses

Accounting Equation A =L +OE

Assets= Liabilities+ Owner`s Equity

Expanded Accounting Equation

Assets= Liabilities+ Owner`s Capital – Owner`s Drawings +

Revenue - Expenses

Owner`s EquityThe ownership claim on total asset is owner`s equity. It is equal to total assets is owner`s equity. It is equal to total assets minus total liabilities .For Example: Asset- Cash- 10,000

Building- 50,000 Land - 30,000

Equipment - 5,000

95,000

Owner`s EquityLiabilities- Notes Payable- 5,000 Accounts Payable- 5,000

10,000Owner`s Equity= Asset – Liabilities

= 95,000- 10,000= 85,000