Study note: financial training 1-1
Today I begin to study a financial training again. Why say again? Hehe, in fact it is a e-training lesson which is made by Flash, and it has stayed in my hard disk for long. I started it several months ago but not continued.
OK, it has 12 sections, each section includes 4 lessons. The lesson is a training material of PriceWaterHouseCoopers.
Here is today?? contents:
- Method of Venice. Devised by Luca Pacioli.
- One transaction, Two entries.
By this method we can find and correct errors easily.
By this method we can trace the flow of cash. - Luca did not put it into practice after he devised it.
- Giovanni Farolfi & Co. used it for the first time at 1300, AD.
- Accounting means filter, record and analysis.
- Stakeholders is the name we call them who use the accounting information. Manager,? investor, creditor, supplier, customer, government, supervisor, employee, public can be stakeholders.
- Fanatical accounting mainly faces outside, investor for example.
- Management accounting mainly faces inside, manager for example.
- Balance Sheet, Income Statement, Cash Flow Statement. They are the most important three sheets in accounting.
Hmm, it will be continued…
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