Study Materials for Accounting for Financial Services

Define Accounting

Briefly discuss about the Basic accounting principles

Discuss the Accounting equation

Who are the internal users of Accounting?

Who are the external users of Accounting?

Discuss about the five groups of accounts

Define Subsidiary Ledger

Define an adjusting entry

Define Accounting standard

Discuss the advantages & disadvantages of Accounting standards

Describe the Stages in designing manual or computerized accounting system

What factors should be considered in the design of an accounting system?

 

Sample Question -1