Accounting

Accounting covers the principles and practices of financial reporting, analysis, and management.

Introduction to AccountingFinancial StatementsDouble-Entry Bookkeeping
Financial Analysis and RatiosManagerial AccountingAccounting for Assets and Depreciation
Budgeting and ForecastingTax Preparation and ComplianceUsing Accounting Software
Exam-Ready Study HabitsTackling Accounting Problems
Introduction to Acco...Financial StatementsDouble-Entry Bookkee...Financial Analysis a...Managerial Accountin...Accounting for Asset...Budgeting and Foreca...Tax Preparation and ...Using Accounting Sof...Exam-Ready Study Hab...Tackling Accounting ...
Practical Applications

Tax Preparation and Compliance

Playing by the Rules

Taxes are a fact of life for individuals and businesses. Accounting ensures taxes are calculated correctly and paid on time.

What’s Involved?

  • Keeping records of income and expenses
  • Filling out tax forms
  • Understanding tax deductions and credits

Why It Matters

Good accounting helps avoid penalties and can save money through legal tax strategies.

Real-World Application

Even students with part-time jobs can use accounting to prepare for tax season!

Examples

  • A small business gathers receipts and invoices to file its annual tax return.

  • An individual uses accounting software to track deductible expenses throughout the year.

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Using Accounting Software