Please enable JavaScript.
Coggle requires JavaScript to display documents.
TOPIC 1: INTRODUCTION TO ACCOUNTING - Coggle Diagram
TOPIC 1: INTRODUCTION TO ACCOUNTING
Accounting related to:
Identify
measuring using monetary value (RM, yen, dollar)
Recording (receipt, voucher, memo)
communicate to users using - annual report, financial statement, website
where to communicate the accounting information to user?
statement of financial position
assets
liability
owner equity
statement of profit or loss and comprehensive income
Revenue
expenses
other income
statement of changes in equity
related to changes in share
Statement of cash flows
(Penyata aliran tunai)
cash inflow (duit masuk)
cash outflow (duit keluar)
User of accounting information
Internal (individual dalam syarikat)
employee
management
External (individual or organisasi luar syarikat)
direct interest (ada kepentingan) - creditor (pemiutang), investor
indirect interest (tiada kepentingan dalam syarikat) -seperti inland revenue board, government
Form of organization
Profit-oriented organisations
Sole proprietorship
Company
Partnership
Non-profit-oriented organisations
Co-operatives
Societies
REPORTING REQUIREMENTS IN MALAYSIA
Companies Act 2016
Central Bank’s guidelines
Income Tax Act
Securities Commission’s guidelines
Bursa Malaysia Listing Requirements
Approved Accounting Standards