extracts from basic accountancy training for developers
Post on 29-Jun-2015
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Developers create & maintain Business Applications. Every business needs accounting. Yet, most developers do not know even the basics of accounting. Their typical query is: Debit means positive or negative? I learned accountancy and auditing in college while studying for my degree in commerce. Then, while working for the State Bank of India, I studied computers, and have been working in the IT field since 1982. I have created a Basic Accountancy training specifically for developers. Here are extracts from that training.
TRANSCRIPT
Double Entry BookkeepingTraining
at Globalnest Solutions
Objective
Explain basic accountingto programmers
Advantages to you
Trainee
I hear and I forget.I see and I remember.I do and I understand.
Session 1Plan for three sessionsRules of AccountingBooks of AccountsCase 1 (Trial Balance)
Case 2 (Trading A/c, P&L A/c)
Session 2Case 3InventoryDepreciationProvisionsLoansCash FlowAccruals
Session 3Case 4Trading AccountProfit & Loss AccountBalance SheetQ & A
Rules of Accounting1. Debit what comes in.
Credit what goes out.2. Debit the receiver.
Credit the giver.3. Debit the expenses/losses.
Credit incomes/gains.
Books of AccountsJournal (Book of Prime Entry) Ledger
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