Case

A NOTE ON FINANCIAL ACCOUNTING PROCESS

Ashraf J

INDUSTRY :FINANCE

AREA :ACCOUNTING & CONTROL

ORGANIZATION :-

LENGTH :17

LUMS No :01-506-2002-1

PUBLICATION YEAR : 2002

ABSTRACT:

This note describes in simple language the financial accounting process from transaction recording to preparation of financial statements. It describes the basic book keeping rules that students should be aware of and gives a brief overview of the nature and basic principles of financial statements. There is an exercise that runs throughout the note to help students to gauge their level of knowledge acquired by reading through the note on their own.