Accounting Books National Open University of Nigeria PDF Pages English This note consists basically of the treatment of accounting transactions according to the provisions of relevant accounting standards.
These reports inform managers of different aspects of the business and can help them make decisions that may have a profound impact on the business. These reports collect data from accounting transactions and present them in ways to facilitate decision making.
This report is one of the most important managerial reports available to managers, as it simply shows the profit or loss generated by the firm's operations.
Profit and loss statements can be generated for whole companies and also can be broken down by department, provided departmental revenues and costs are recorded. Accounts Receivable Aging Report The accounts receivable aging report is a managerial report that lists the amounts that are owed by each customer.
This report is an important tool in monitoring delinquent accounts and determining collection efforts against customers with past-due invoices. The report is generated by using the due date to determine the age of the invoice.
Managers can place a higher priority on invoices with older values to increase the efficiency of the collection effort. Job Costing Report Job costing reports are important to managers because they show the profitability of the company on a job-by-job basis. The costs incurred by each job are compared to the revenue generated, allowing the reader to quickly determine the profitability of a specific job.
Managers use these reports to determine the segments of the business that are profitable and the segments that have issues that must be addressed to attain profitability. Operating Budget An operating budget is a vital report for managers and production supervisors to examine, as it documents the expected revenues and expenses for a time period and allows them to examine the variances of the budget compared to actual results.
The operating budget is essentially a primer for the expected day-to-day operation of the business. Managers are able to estimate their monthly profit by using the estimates of sales and expenses.
The operating budget is a beneficial tool for planning the expenses of a business over a period of time.Accounting principles. Download our free accounting books to enhance your knowledge of topics such as managerial and financial accounting, the accounting cycle or budgeting.
While the sixth edition of Accounting: Business Reporting for Decision Making covers both preparer and user issues of business reporting, it predominantly explores and reinforces the principles of financial and management accounting from a user perspective. Decision Making Requires Useful Accounting Information—For Societies, Businesses, Governments.
by William Holder, Dean,Leventhal School of Accounting, Alan Casden Dean's Chair, & Professor of Accounting, Sustainability Reporting Will Create Long-Term Business and Investor Value.
Managerial Accounting teaches business students how to use accounting to make better decisions and improve performance.
|Accounting for Managers (ebook) by Paul M. Collier |||In addition, realistic managerial scenarios present an issue that must be addressed by the management accountant. It focuses on core Introductory Financial Accounting topics that match pre-requisite requirements for students advancing to Intermediate Financial Accounting.|
Engaging case studies and the popular 'Manager's Point of View' boxes illustrate how concepts are applied in real world business situations. It covers the following topics: Accounting Environment, Accounting and its use in business decisions, Recording business transactions, Adjustments for financial reporting, Completing the accounting cycle, Accounting theory, Introduction to inventories and the classified income statement, Measuring and reporting inventories.
e-books in Accounting category Accounting for Managers by Kurt Heisinger, Joe Ben Hoyle - tranceformingnlp.com, This book is aimed squarely at the new learning styles evident in today's students and addresses accounting industry changes as well.