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Definition of X

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53 views5 pages

Definition of X

Uploaded by

amir rabie
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Definition of Accounting: )‫(تعريف المحاسبه‬

It is an information system that Identify, Record & Communicate the Financial

events of an Organization to the interested users and that information are

presented in financial statements.

.‫ يسجل و يتواصل بأي حدث مالي للمستخدمين في شكل قوائم مالية‬،‫ھو نظام المعلومات الذي يحدد‬

Accounting Equation : (‫)المعادله الحسابيه‬

Assets = Liabilities + Owner's Equity

Assets = Liability + Capital + Revenue - Drawings – Expense

‫ حقوق الملكية‬+ ‫األصول = اإللتزامات‬

.‫ ودي حاجة من ضمن االساسيات بتاعتك والزم تفھمھا كويس‬، ‫المعادلة المحاسبية ھي االساس اللي بتمشي عليه‬

USERS

Internal Users ( ‫) المستخدمين الداخليين‬ External users (‫)المستخدمين الخارجيين‬

Internal Users (‫ )المستخدمين الداخليين‬:

( ‫ھم المستخدمين داخل الشركة ) يعني جوة الشركة‬

They are users from inside the Firm such as:

a. Top Management (‫) ادارة الشركة‬

b. Human Resources (‫ جوه الشركة‬- ‫)المسئول عن الموارد البشرية‬

c. Finance (‫ جوه الشركة‬-‫)المسئول عن الموارد البشرية‬

d. Marketing
External users (‫ )المستخدمين الخارجيين‬:
(‫ھم المستخدمين خارج الشركة )يعني بره الشركة‬
They are users from outside the firm such as:

a. Tax (‫ بره الشركة‬- ‫)الضرائب‬


b. Labor Unions (‫ بره الشركة‬- ‫)نقابة العمال‬
c. Creditors (‫ بره الشركة‬- ‫)الدائنين‬
d. Investors (‫ بره الشركة‬- ‫)المستﺛمرين‬
e. Customers (‫ بره الشركة‬- ‫)الزبائن‬
f. Government (‫ بره الشركة‬- ‫)الحكومة‬

Note:-

Net Income (loss) = Revenue - Expense

 If Revenues exceeds Expenses then the result is.Net Income.

‫ لو االيرادات اكبر من المصروفات اذا ھناك مكسب‬-

 If Expenses exceeds Revenues then the result is.Net Loss.

‫ لو المصروفات اكبر من االيرادات اذا ھناك خساره‬-

Expression Meaning
Accounting ‫محاسبه‬
Accountant ‫المحاسب‬
Accounting Equation ‫المعادلة المحاسبية‬
Firm / Organization / Company ‫المنظمه‬
Investment / Investors ‫ المستﺛمرين‬/ ‫االستﺛمار‬
Assets ‫االصول‬
Liabilities ‫االلتزامات‬
Owner's Equity ‫حقوق الملكية‬
Revenues ‫االيرادات‬
Expenses ‫المصروفات‬
Withdraws / Withdrawals ‫المسحوبات‬
Accounts Payable (‫الدائنون ) الﻰ احنا ھندفعه‬
Accounts Receivable (‫المدينون )الﻰ احنا ھنقبضه‬
Financial Statements ‫القوائم الماليه‬
Income Statement ‫ﻗﺎﺋﻤﺔ اﻟﺪﺧﻞ‬
Balance Sheet ‫قائمة المركز المالي‬
Cash (‫النقديه )الفلوس الي في الخزنة‬

 Choose the Correct Answer:

1- The accounting process is correctly sequenced as

a. identification ,communication ,recording.

b. recording, communication, identification.

c. identification , recording, communication.

d. communication, recording, identification.

2- Which of the following events cannot be quantified into dollars and cents

and recorded as an accounting transaction?

a. The appointment of a new CPA firm to perform an audit

b. The purchase of a new computer

c. The sale of store equipment.

d. Payment of income taxes.

3. Which of the following parties below is not an external user?.

a- Customers of the company issuing the reports

b- Creditors of the company issuing the reports

C- Managers of the company issuing the reports

d- Stockholders of the company issuing the reports


4- Which of the following would not be considered (internal users of

accounting data for a company?

a. The president of a company.

b. The controller of a company

c. Creditors of a company.

d. Salesmen of the company.


5- People or organizations to which a business owes money are considered:
a- owners of a business.
b. creditors of the company.
C- stockholders of a business
d- customers of a business.
6- internal users of financial data include:
a- investors.
b- creditors.
c- management.
d- regulatory authorities.
7- which of the following expressions of the accounting equation is correct?
a- Liabilities + Assets = Stockholders' Equity.
b- Stockholders' Equity + Assets = Liabilities.
c- Assets = Liabilities - Stockholders' Equity.
d- Stockholders' Equity = Assets + Liabilities.
8- Net income is the amount:
a- the company earned after subtracting expenses and dividends from
revenue.
b- by which the assets exceeds expenses.
c- by which the assets exceeds liabilities.
d- by which the revenues exceeds expenses.
9- Owner's equity is the best depicted by the following:
a- Assets = Liabilities.
b- Liabilities + Assets.
c- Residual equity + Assets.
d- Assets - Liabilities.
10- the basic accounting equation may be expressed as
a- Assets = Equities.
b- Assets - Liabilities = Stockholders' Equity.
c- Assets = Liabilities + Stockholders' Equity.
d- all of these answers are correct.
11- if the total liabilities increased by $30,000 and stockholders' equity
increased by $20,000 during a period of time, then total assets must change by
what amount and direction during that same period?
a- $50,000 decrease.
b- $10,000 decrease.
c- $50,000 increase.
d- $20,000 increase.

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