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close this bookAccounting for the Microbusiness - A Teaching Manual (Peace Corps, 1975, 105 p.)
View the documentInformation
View the documentAcknowledgement
View the documentIntroduction
close this folderThe system
View the document(introduction...)
View the documentThe preliminary interview
View the documentLesson # 1
View the documentLesson # 2
View the documentLesson # 3
View the documentLesson # 4
View the documentInstallation of the system
View the documentFollow-up visits
View the documentMonth end financial statements
View the documentAnalysis
View the documentThe financial statements
View the documentAdditional controls
View the documentOdd entries
close this folderAids
View the documentAccounting interview
View the documentThe object of accounting
View the documentBalance statement
View the documentAssets = Capital
View the documentAssets - Liabilities = Capital
View the documentProfit and loss statement
View the documentCost of goods sold
View the documentTrial balance
View the documentInitiation sheet
View the documentDefinition of debit and credit
View the documentThe evolution of debit and credit
View the documentTransactions
View the documentCash voucher
View the documentSales voucher
View the documentReceipt
View the documentDiagram of the system
View the documentCash book
View the documentGuide to accounting entries
View the documentCash transactions
View the documentCredit sales book
View the documentCredit purchases book
View the documentCredit sales
View the documentCredit purchases
View the documentPayments
View the documentLoans to employees section
View the documentLoans to employees list
View the documentBook of accounts: Title of account pages
View the documentMonthly inventory listing
View the documentGuide to financial statement elaboration
View the documentUniterrupted working capital flow
View the documentInterrupted working capital flow
View the documentInventory control - page examples
View the documentControl of postdated checks
View the documentAuxiliary cash on hand sheet
View the documentCredit payments with merchandise
View the documentAlternative Acc/Rec section

Lesson # 1

OBJECTIVES:

To explain:
a) The reasons for accounting
b) Balance Sheet. Profit and Loss Statement, and the Trial Balance.

MATERIAL AIDS:

Bulletin Board Aids: 2, 3, 4, 5, 6, 7, 8
Handout Aids: 3, 6, 8 9

METHODOLOGY:

The following is a detailed outline presenting the oral lesson:

1.

Aid 2. What is the object of Accounting? Discussion.


1.1 "The object of accounting is to collect the transactions, to organize and register them and to present them in a way that facilitates analysis "


1.2 "The presentation that facilitates analysis takes the form of the Balance Sheet and the Profit and Loss Statements.'

2.

Aid 3. What is the Balance Statement? Discussion


2.1 "The Balance Statement represents the financial condition of a company in $ on a particular day. "


2.2 Explain every account especially cash on hand, inventory, investments, fixed assets, current liabilities and capital. For example: "Investments are funds of the company invested outside the business. "


2.3 Aids 4, 5. Explain: Assets - Liabilities = Capital.
Assets = What the company has
Liabilities = What the company owes,
Capital = What remains after paying deb or your investment in the company.

3.

Aid 6. What is a Profit and Loss Statement? Discussion.


3.1 It is the application of costs to sales during a given period of time to determine profitability.


3.2 Aid 7. Explain each account. Concentrate on Cost of Goods Sold.

4.

Aid 8. What is a Trial Balance?


4.1 "It is an organizational tool comprised of all the company's accounts taken from both the Balance and Income Statements It is proof that all transactions have been properly recorded.


4.2 Do not explain it further as it will only confuse the student.

5.

Aid 9. Hand out the "Initiation Sheet".


5.1 It is the information needed to start an accounting system.


5.2 Assign the "Fixed Assets List and Values" for the next class.