IGCSE Accounting - by Ahmed Elkady

Profit is measure of a company’s PERFORMANCE

To obtained a RELIABLE figure for the Profit from the Income Statement, YEAR END ADJUSTMENTS must be applied .

In today’s class we’ll discussing the PETTY CASHBOOK

In Chapter 7 we learn about Business Documents and when/why is every document used

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Welcome Mr. Ahmed El Kady to MIS IGCSE team.

Recognizing the PERFORMANCE of a business is done by calculating its profit, a rise in profit is an indication of an improved PERFORMANCE, as it means that the company is maximizing its INCOME while minimizing/controlling its EXPENSES.

In todays class we will learn to calculate a company’s profit by learning to prepare our first financial statement; THE INCOME STATEMENT.

For more information and enquiries about MAY/JUNE 2023 course: +20 1091115738

In today's class we will be discussing the different types of Businesses
For more information and Enquiries about May/June 2023 Course; +201091115738

THE ACCOUNTING FACTORY

In this ANALOGY we try to explain to our students the purpose of the Accounting process, which is to transform large and raw chunks of information -->> TRANSACTIONS, that is hard to understand or use, into a simpler and more summarized form of information -->> FINANCIAL STATEMENTS, that the user can use TO MAKE DECISIONS.

GRADE BOUNDARIES

In addition to being a very beneficial and enjoyable topic to learn, Accounting gives you very HIGH CHANCES OF ACHIEVING THE GARDE that you desire, because of its relatively low grade boundaries.

For more information about May/June 2023 Course;

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USERS OF ACCOUNTING INFORMATION

In our first class, we will go through examples of users who benefit from information that accountants produce

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