ACCOUNTING 101

They are called the scorekeepers of a business

• Accountants

• Financers

• Managers

• Sellers

It is the study of the evolution in accounting thought, practices and institutions in response to changes in the environment and societal needs

• History of financing

• Timeline of accounting

• Accounting History

• Finance History

It is the clay bills that the tokens were sealed in to keep records

It requires merchant trading goods to give buyers a sealed memorandum containing the agreed price before it can be considered enforceable. The agreed-upon transaction was recorded by Scribe

This business organization has a single owner called the proprietor who generally is also the manager.

• Micro-Entrepreneurship

• Sole Proprietorship

• Partnership

• Cooperative

Are the methods an organization uses to obtain financial resources from financial markets and how it manages these resources.

• Small enterprises

• Investing Activities

• Operating Activities

• Financing Activities

Managers use capital from financing activities to acquire other resources used in the transformation process-that is, to transform resources from one form to a different form, which is more valuable, to meet the needs of the people.

• Operating activities

• Financing activities

• Investing activities

• Efficient activities

Involve the use of resources to design, produce, distribute, and market goods and services.

• Financing activities

• Operating activities

• Investing activities

• Business activities

Are the economic activities of a business.

• Accounts

• Revenue

• Business transactions

• Credit

Selling People's Time

• Manufacture

• Trader

• Services

• Infrastructure