Accounting Information

Table of Content

Plagiarism Statement Declaration Form………………………………………………….3

Safe Assign Report……………………………………………………………………….4

Marking Scheme………………………………………………………………………….5

1. Summary……………………………………………………………………………….7

2. Introduction…………………………………………………………………………….7

3. Content…………………………………………………………………………………7

3.1 Accounting Equation………………………………………………………………….7

3.2 Profit Determination…………………………………………………………………..8

3.3 Accounting Cycle……………………………………………………………………..9

3.4 Users of Accounting Information…………………………………………………….10

3.5 Type of Business in Malaysia………………………………………………………...10

3.6 Financial Statements………………………………………………………………….11

4. Conclusion……………………………………………………………………………..12

References…………………………………………………………………………………13

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1. EXECUTIVE SUMMARY

This coursework provides an overview of financial information for different type of users as guidance in their decision making in businesses (S.Susela Devi, 2007). The coursework outlines the main basic concept in accounting which is accounting equation, profit determination, type of businesses in Malaysia and accounting cycle. Besides, illustration of the financial statements is included to provide a clearer picture of how to determine the financial position of the business, which is crucial in making any business decision.

1. INTRODUCTION

The main objective of this coursework is to understand the fundamental concept in accounting, in order to serve as a solid foundation to explore higher level of accounting knowledge. One of the effective ways to approach this research is by secondary research method which is article, journal, internet, and reference books. Besides, the learning outcome includes how to make statement on financial position of a business and how the business has been performed throughout a period of time.

1. CONTENT  

3.1 Accounting Equation