Ads
related to: aat internal accounting system pdf format bookxero.com has been visited by 100K+ users in the past month
Search results
Results From The WOW.Com Content Network
The AAT qualification is offered through the Association of Accounting Technicians. The range of an AAT's work will vary widely. Generally AATs work in support positions and some of their key functions include: Purchase accounting; Inventory control; Payroll accounting; Costing and budgeting; Sales accounting and credit control; Cash and banking
The imprest system is a form of financial accounting. The most common is petty cash . [ 1 ] The basic characteristic of an imprest system is that a fixed amount is reserved, which after a certain period or when circumstances require, because money was spent, will be replenished.
AAT is the largest provider of accounting apprenticeships in the UK. AAT has members living in and students pursuing its qualifications from, more than 100 countries globally. Beyond the UK, the counties with the highest number of current or previous AAT learners are Botswana, Malaysia and Bahrain. [2]
The trial balance, which is usually prepared using the double-entry accounting system, forms the basis for preparing the financial statements. All the figures in the trial balance are rearranged to prepare a profit & loss statement and balance sheet. Accounting standards determine the format for these accounts (SSAP, FRS, IFRS). Financial ...
In bookkeeping, an account refers to assets, liabilities, income, expenses, and equity, as represented by individual ledger pages, to which changes in value are chronologically recorded with debit and credit entries.
Resources, events, agents (REA) is a model of how an accounting system can be re-engineered for the computer age. REA was originally proposed in 1982 by William E. McCarthy as a generalized accounting model, [ 1 ] and contained the concepts of resources, events and agents (McCarthy 1982).
A petty cash book is a record of small-value purchases before they are later transferred to the ledger and final accounts; it is maintained by a petty or junior cashier. This type of cash book usually uses the imprest system: a certain amount of money is provided to the petty cashier by the senior cashier. This money is to cater for minor ...
CAT's rival is the Association of Accounting Technicians (AAT) qualification. ACCA was a sponsor of the AAT before breaking its links in the mid-1990s in order to form the CAT qualification. [ 1 ] The rationale behind this move was that it wanted a technician level qualification which followed the same strategic direction of the ACCA ...
Ad
related to: aat internal accounting system pdf format bookxero.com has been visited by 100K+ users in the past month