(the content of the article belongs to a personal perspective/no adverse guidance)
The system is designed for the population: financial newcomers, business palsy, micro-entrepreneurs, corporate shareholders, with no terminology in the whole series and with a progressive understanding:
Lesson 1: the first lesson in accounting is zero. What does accounting do
Core knowledge points
1. Nature of accounting: recording, accounting, monitoring all money and operations of the company
2. Distinction between accounting and cashier: cashier, account keeper, no conflicting division of labour
3. The most fundamental principles of accounting: authenticity, integrity, timeliness and compliance
4. All company operations eventually become financial data, and everyone needs to understand the basic logic
The first step in opening the door: to build a “where money comes from and goes”
Lesson 2: the second lesson in accounting is to learn the subject of accounting and to keep the books in the loop
Core knowledge points
1. Accounting 6 key core elements: assets, liabilities, owner equity, income, costs, profits
2. Most commonly used basic subjects: cash, bank deposits, receivables, accounts payable, inventory commodities, management costs, main operating income
3. Assets = liabilities + owners ' interests (consistent accounting equation, basis of all statements)
Assets: company-owned money, goods, equipment, money owed to you by others
5. Liabilities: money, money, loans owed by companies to others
Owner interest: money that really belongs to the owner/shareholder (net assets)
Lesson three: the third lesson in accounting is "leave recorder" and the new guy is no longer big
Core knowledge points
Borrowing is a symbol and does not represent “loaning” and “loaning”
Core: loans must be made and loans must be equal
Rules for recording:
Assets, expenses: loan increases and subtractions
Liabilities, equity, income: increase or decrease in loans
4. A business must be recorded simultaneously to ensure permanent balance of accounts
5. Small day-to-day cases: collection, payment, receipt, sale of goods, simple accounting logic
Lesson four: introduction to accounting 4 + 3 financial statements + core logic, used by new owners
Core knowledge points
1. Companies are required to read 3 statements: balance sheet, profit statement, cash flow statement
2. Balance sheet: bottom view (what is owed, what is left)
3. Profit statement: looking at gains and losses (less, how much)
Cash flow statement: real money and silver (with or without money, least fraud)
5. Four logics must be understood at the outset: income in cash, cost expenditure, separation of public and private accounts, business in substance above invoices
New persons/employees/owners/shareholders, each focusing on what to catch
Next edition of the series
Lesson 5 of the subject: job claims, paper regulation, basic tax commons
