THE PRINCIPLES OF FINANCIAL ACCOUNTING

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THE PRINCIPLES OF FINANCIAL ACCOUNTING
Definition, objectives and career path in the accounting profession
Users of accounting information
Accounting concepts
The financial concept called "Historical Cost" 
Differences between Cost Accounting, Financial Accounting and Management Accounting 
Qualities of a good accounting information 
Principles of bookkeeping 
Nature of account 
Double entry principles 
Accounting equation and balance sheet 
Financial statements 
Daybooks (Journals) 
Initial documentation of business transactions 
Control accounts and their reconciliations 
Bank Reconciliation  

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