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  2  94       (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#393484"><B>On completion of this course you will be familiar with:</B></FONT></P> 	   % oS 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">1.  Definition of Accounting</FONT></P> 	   & nʀ2  3f      (  <P ALIGN="RIGHT"><FONT FACE="Verdana" SIZE="13" COLOR="#003366"><B>Introduction to Accounting</B></FONT></P> 	   ' o{ 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">2.  Need for Accounting</FONT></P> 	   ( oK 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">3.  Functions of Accounting</FONT></P> 	   ) o 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">4.  Sub fields of Accounting</FONT></P> 	}   * o 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">5.  Accounting Cycle</FONT></P> 	   + w	2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">6.  Definition of Accounting Elements</FONT></P> 	t   , g62            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">1.  Concepts</FONT></P> 	x   - o 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">2.  Conventions</FONT></P> 	   . o 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">1.  Accounting Equation</FONT></P> 	   / ow 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">2.  Double Entry System</FONT></P> 	   0 w2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">3.  Categorization of Accounts</FONT></P> 	~   1 oC 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">4.  Types of Accounts</FONT></P> 	   2 o= 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">5.  Rules of Debit &amp; Credit</FONT></P> 	|   3 o 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">6.  Normal Balances</FONT></P> 	   4 w	2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>a)  Introduction to Accounting</B></FONT></P> 	   5 o 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>b)  Accounting Principles</B></FONT></P> 	   6 w
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 (@  @  @ ˀ )n@ ˀi @P RC63i @ @ ƀ
 @ v @   c@ ˀ  @ ˀi @  i >C63i @  
=@ ƀ
 
=@ 6 @   @ ˀ )n@ ˀi @P l >C63i @  @ ƀ
 @ v @  )@ ˀ 7@ ˀi @| ŨC63i @ (@ ƀ
 (@  @  9@@ ˀ F
@ ˀi @ ǫC62i @ 8R@ ƀ
 8R@  @  H@ ˀ TX@ ˀi @ؒ ǐ~C62i @ G@ ƀ
 G@ . @  W@ ˀ b@ ˀi @ uC62i @  W
@ ƀ
 W
@ n @  g@ ˀ p@ ˀi @4 [RC62i @4 ff@ ƀ
 ff@  @  vh@ ˀ B@ ˀi @d @C62i @H u@ ƀ
 u@  @  ȅ@ ˀ ȍ@ ˀi @ &(C62i @\ ȅ@ ƀ
 ȅ@  @  Ȕ@ ˀ ț@ ˀi @ C62i @p Ȕ{@ ƀ
 Ȕ{@ 3 @  ȤE@ ˀ Ȫ,@ ˀi @ C62i @ ȣ@ ƀ
 ȣ@ S @  ȳ@ ˀ ȸz@ ˀi @ fC62i @ ȳ3@ ƀ
 ȳ3@ o @  @ ˀ @ ˀi @H ƻC62i @ @ ƀ
 @  @  #@ ˀ @ ˀi @x ơ:C62{i @č @ ƀ
 @  @  l@ ˀ d@ ˀi @ ƆC62{i @؍ H@ ƀ
 H@ ӣ @  @ ˀ @ ˀi @Ԓ lC62[i @ @ ƀ
 @  @   -  -  i QzC62[&   
 pF @ @ @ @ @ @ @   	2  n u2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Hence we can say Finance is the Lifeblood of the Business that makes the </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">nervous system of the organization function smoothly.</FONT></P> 	  o [2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">So, when he invests the money he will be worried about his financial affairs. </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">To keep track of his finances he records all that he has received &amp; spent relating </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">to the business. Therefore we can say Accounting is the Language of the </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Business. Every transaction done, for and on behalf of the organization, is </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">recorded in the books of accounts. </FONT></P> 	J  p u2           (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#0000FF">Accounting<FONT COLOR="#000000"> doesn&apos;t only mean just recording the transaction. It is something </FONT></FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">more than that. Let us see what it is. </FONT></P>     q \LvLw     q3~    r  
 q    E    txt1     _root 
  wellcome N  text N  gotoAndPlay R      main     _root 
  wellcome N  text N  gotoAndPlay R 	6  s u2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Let us discuss in detail these elements of the definition under the heading </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">&apos;Accounting Cycle&apos; in the following screens.</FONT></P>   t vg?kT    !l!@l~nYm   AA!l"Y	wP˩{n^	Zگ|	wx,S   _d f  gdK.pU ܒq[^+Is_͈-_$(n6p 5؂ڈqE [Q R6c%{   G8m,) f  (rKlAm /%Cq-Gw$m4{Is^jlw$Mo6;\ׂڇX*T\	kdpo   ǅd f  υdK|.pU |ܒq[^sItPmkm.ky&5؂ڈwqE [Qn6c%{   寁8m,) f  (rKlAm:I%Cq-G9$m7Is^jlw$M~o6;\ׂڇyX*T	kdpo   ̏d f  rKlAm4	p*1gRl5.߂x[^>Is_͈-^7$(n6p5؂ڈl+qE [Qe6c%{   w8m,) f  (rKlAm4{%Cq-F7$m7aIs^jmlw$MNo6;\ׂڏC8mx,,;r
WTp 	   u h_  2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>ccounting is a scorekeeping process for organizations that:</B></FONT></P> 	   v w	2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Analyzes &amp; Records economic events</FONT></P> 	   w wX2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Classifies &amp; Summarizes the financial data </FONT></P> 	   x w)2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Reports &amp; Interprets the quantitative information</FONT></P>    y XM  
     	~   z  ?    
   main @ 
   txt1  t   u a v r  w ru  x r  y NN@ @ @ @ @ ?    @   	   { o 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Need for Accounting</B></FONT></P> 	6  | u2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">We know that Finance is the lifeblood of the business. To have adequate </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">control on these finance matters Accounting is necessary. </FONT></P> 5   } lhKK 1a{ al#'k  1a{ al#'k 	   ~ w2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">It throws a light on the path the organization is moving.</FONT></P> ?    wsv" q Ƴy˷):@zN԰SvکM`Py5]</&İi]F%o YZPo@
;NHN湗oJPDL 	    w
2  %m+       (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#256D2B"><B>It will answer many questions like:</B></FONT></P> 	    w
2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">How much cash does the business have?</FONT></P> 	    w2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">How much money do customers owe the business?</FONT></P> 	    w:2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">What is the cost of the merchandise sold?</FONT></P> 	    w2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">How much did the volume of sales increase?</FONT></P> 	    w
z2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">What is the amount owed to suppliers?</FONT></P> 	    w	2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">How much profit has the firm made?</FONT></P> ? 	   K ! xՖiTSOBd$`*ZL2ZP䂳QE8RG5$$̠AE
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  QԊڇS   QԊڇU]`@    *   ]Ox  ~Y0 k? ɥ Z _ Φ rU. x~ @B|bۊ.H\!n'>	߆5k8|5Mxv7{)b'
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2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Any businessman needs to know:</B></FONT></P> R
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ºa,toL;cGLZY$EH>C<mix/kMQ[kEFa]r:e]|C1LLDTyC| !J{eʵ+M`:ސv`:޹mJuGkGdZ^w\K`9ս)qAMZu@ڵѥTmG0qGkt{mKp}i:֧^0֘lK]֌6\E LzXm֏X]jƾtҞx_Ji;}kgv#u?c\ҭ>h$>>閬sjyb=i6}h4f|kB\IRi-<˃l%k'~]@Gcwkf9/+u:}pva]-y\Fº$˹:_C~3.q3Y¹?3z\&aaz{kLir&L?ωa9Ixx?Lggs8-f-pVU`:ISE`DKY;?чsw-m1喏ρ縳1<δٶ{kpqvp|J^_\8)+N.¹^r9/ZS:P:Q]*I,I[Mgt^|-Xw.˭΂>Q{p/JiYJI`\WΓT+J"UǾt!^{KǖS&|s)VSXn4~~ӽѼ&}_Mr`m2ѦlE3Y춹nr||]|:9σgFѩ֥\;KDgs,?V:}ٜǖr8\p~KӬ.|J;i7ˮ|tɆ¹̥9yӸW=?l|Ҫ9YKi@<;y/!tZYw:T{
=9#\v*x.7c?ڴ؞{̺g\LX1W<6E.ϩa>qO:a|=tvtd_CMcg|i}OJg1v6`vңpTwSYM[ǖs[8JqV`p5ɀ/LU+]MX./[D\?F 	s    g772            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">What I own?</FONT></P> 	s    g62            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">What I owe?</FONT></P> 	    oau2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Whether my business is in</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Profit or Loss?</FONT></P> 	   q    @ @ @ @   cε`@  @P NU @  ɀ` NO@  ` X ?N@  @ P M@ @ @ @ @ @ @ @ @ @ @   n i @  @ 	 i @ @ 	 i @ @ 	 i @ @ 	 @ @    @   @   @     y@ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ 	 *ʴ UEP @ 	 UET * @ 	     ? @    y    ? @ 	 @ / @ 	      @ 	 0 @  @ 	 @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ 	 0 @  @ 	      @ 	 @ / @ 	     ? @    x    ? @ 	 @ / @ 	      @ 	 0 @  @ 	 @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ 	 0 @  @ 	      @ 	 @ / @ ?      	     ? @   	    o 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Functions of Accounting</B></FONT></P>  #    ~	   %#S(g C   TN@ x~ 5=-B}?7mD=mAk~v|ì[XTvL;o #hD66mmy-L"ŷl O힯\îM0'cJZ{lx%im59IuI4uEKԵ miGhiv-ӥY475u%]3Ѧ+@  #W]zpzo^3-4.I4htCu/(M.ߥt&"&2n5䫦z4v	   D    @  µG5 @  
TZ@  #@  QS%Y @  l6 @  ڽ @  '؀ @  VNj @  ۖw @  z_H @  2ž:D @  ſ @  Ŵa	{. @  ũr @  ŝ·-iv @  ŐR=_aQ @  ł|>NmX @  s^P @  eBmwIE @  U|A @  DD"ŋ:z @  4.ŗ4# @  "<Ť- @  (Ű' @  eg @  ՁՃts @  Ͱ<a @  MO`O @  __? @  8a8c2 @  4%h @  ̛<_%m  @  u_nH @  =<_0+p @  rNX@  _  @  7	k K @  bi>@a @  }H_P? @  l2_
Pz @  ˎˏ1< @  mtIH @  JJ7<dd @  z{4 @  esŪ* @  eŗC4_ @  ư3Xŀ? @  ƖAK huK @  )?OX+ @  h4_4e @  TI*$t @  B!\ @  2_/K @  $mv @  t3 @  U,A @  k5ZJ @  	 @    @    @  ̺dm@  A @  y!; @  E3 @  $y<sp @  2PKm @  B[!-< @    -    u~F   \\5~I[J<2G@ 	    o 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Recording of Transactions</FONT></P>  -    u~F  \\ \\5~Ix[J\2G@  -    u~F  \\ 5~I[J<2G@ :     #      g        
 	           	    w2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Classifying the Accounting Data</FONT></P> :     #      g        
 	           	      2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Summarizing  &amp; Communicating the Accounting Information</FONT></P> :     #      g        
 	           	    w
62            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Evaluating and Interpreting of Results</FONT></P> :     #      g        
 	           	    w	2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Planning and Controlling of Activities</FONT></P> :     #      g        
 	           	    w	2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Protecting the Properties of Business </FONT></P> :     #      g        
 	           	    o 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Meeting Legal Requirements</FONT></P> :     #      g        
 	           	    w2           (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#990000"><B>(Please mouseover the above buttons)</B></FONT></P>  (    J!   58dE- 	    oW 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Recording of Transactions</B></FONT></P> 	;   @u2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">The recording of transactions and events in the books of original entry such as </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">purchases books, sales book, cashbook and journal, etc.</FONT></P> 	    w	2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Classifying the Accounting Data</B></FONT></P> 	I   I?u2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">The posting of accounting data to the ledger accounts, which are classified into </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">various types like Assets, Liabilities, Revenues, and Expenses etc. </FONT></P> 	      2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Summarizing  &amp; Communicating the Accounting Information</B></FONT></P> 	   v_/ 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">The detailed record of accounting information is presented in the form of financial</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">statements viz., Profit and Loss account, Balance sheet and Cash Flow Statement</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">to users for decisions making.</FONT></P> 	    wy2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Evaluating and Interpreting of Results</B></FONT></P> 	   s_/ 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">The evaluating and interpreting of financial statements by means of Accounting </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">ratios to analyze and appraise the cash flows, profitability, liquidity, management</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">efficiency, financial stability and risk of an enterprise.</FONT></P> 	    w2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Planning and Controlling of Activities</B></FONT></P> 	   \/ 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">The accounting system of an organization should be a guide to the Management</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">in planning or budgeting future activities and in controlling current activities of </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">an enterprise.</FONT></P> 	    w$2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Protecting the Properties of Business </B></FONT></P> 	   c2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">The accounting system of an organization should be such that, it should protect </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">the properties of the business from unauthorized and unwarranted use. For e.g., </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">the cashier should neither be permitted to maintain accounts nor be allowed to </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">have access thereto. In other words both Cashier and Accountant should be </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">different persons.</FONT></P> 	    w2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Meeting Legal Requirements</B></FONT></P> 	   P/ 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">One more important function of accounting is to devise such a system as will</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">meet legal requirements. Under the various provisions of law, a businessman </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">has to file various statements e.g., Income Tax Returns, Sales Tax Returns etc.</FONT></P> 	    ?         ҭtN{X i @ H  ,_tNe@i @ H  n  o  `m  a[  bK   c?   d2  W@   ?       
Y 	  g  : @  	   ?      n    M   gΊ  : @     ?      o      g   : @     ?      `m      g>  : @     ?      a[    !  g  : @     ?      bK     C   g̊  : @     ?      c?       g  : @        
 I        	    o 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Sub Fields of Accounting</B></FONT></P> 	u    g?_2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Book Keeping:</FONT></P> 	   u2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">It is nothing but mere recording of transactions and maintaining the </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">books of accounts.</FONT></P> 	~    o 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Financial Accounting:</FONT></P> 	   _/ 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">It is mainly related to preparation and presentation of financial statements </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">and interpreting and communicating the results of business to the various </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">users of financial statements.</FONT></P> 	    o{ 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Management Accounting:</FONT></P> 	/   _u2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">It covers the generation of accounting information for management decision </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">and communication of the same to the management.</FONT></P> 	y    o{ 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Cost Accounting:</FONT></P> 	+   u2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">It is mainly related to ascertainment of cost at various levels of activity </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">and fixing the price for the final product.</FONT></P> 	    w2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Social Responsibility Accounting:</FONT></P> 	.   u2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">It covers accounting of social costs incurred by the enterprise and benefits </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">offered to the society and reporting thereof.</FONT></P> 	    o 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Accounting Cycle</B></FONT></P>    uSaaZ  ϩ%N5T*-kP   ֻ ϩ ʧ^\ U1KF!Fx\S=bIq~i2߈P･8ه|p׾2:o8`?+9oo'[;}Ѿ<z[snicX|D*wrq#}HEz^UR^{/❁b^)  6owwʇ{zXA7ǨBw{)85xo6ﲗ׊oc}/gTo6\Uث=~<IC7D[y	ĩvOX6So]`6qU^>^v%ZY(v)Ri_:zaݼ0<BDuI8vj~}C|Co+wE7P7m/o7ΰx^DK~rUǪx,wZzbB޿qJv(YqJ@@TڰM꡽gYsYV}Mgsy\p9Xց|i<{(]hrg[[;uJ%}h`DNSiMN_â Xbt uLh0   fff  SPmUE/quC,NGs9kL4]z0mݷ^b*喴rΜk[n5]hJk@lvO6r'9u4_Nσgܙm6}g39np?kj%zΌYҞRJ-@ftβ*^>ls:7  Ү OW{zXA7ǨBw{)85xo6ﲗ׊oc}/gTo6\Uث=~<IC7D[y	ĩvOX6So]`6qU^>^v%ZY(v)Rin%q :-Dwj5"_FqN3|H2H	QKodwͶ;g%["މ6@dw.޹ͯ;m+{|I\22op[fۻyY  S    M=cO P[ ϰq"Lf3  9PfA.Hk-)/ .ҘId  :    M=cO     9PfA.Hk-)/ .ҘId 	x    g02           (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#990000"><B>Analyzing</B></FONT></P>  S    M=cO  ϰqQ{Af3  9PfA.Hk-)/ .ҘId 9     "         l     
 	           	x    g12           (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#990000"><B>Recording</B></FONT></P> 9     "         l     
 	           	    o 2           (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#990000"><B>Classifying and Posting</B></FONT></P> 9     "         l     
 	           	x    g02           (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#990000"><B>Balancing</B></FONT></P> 9     "         n    
 	           	    o 2           (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#990000"><B>Preparing Trial Balance</B></FONT></P> 9     "         s    
 	           	    o9 2           (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#990000"><B>Adjustment Entries</B></FONT></P> 9     "         w     
 	           	    o 2           (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#990000"><B>Adjusted Trial Balance</B></FONT></P> :     #         3O     
 	           	    o 2           (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#990000"><B>Closing the Books</B></FONT></P> :     #         Z     
 	           	   iJ 2          (  <P ALIGN="RIGHT"><FONT FACE="Verdana" SIZE="12" COLOR="#990000"><B>Preparing</B></FONT></P><P ALIGN="RIGHT"><FONT FACE="Verdana" SIZE="12" COLOR="#990000"><B> Financial</B></FONT></P><P ALIGN="RIGHT"><FONT FACE="Verdana" SIZE="12" COLOR="#990000"><B>Statements </B></FONT></P><P ALIGN="RIGHT"><FONT FACE="Verdana" SIZE="12" COLOR="#990000"><B>(Summarizing)</B></FONT></P> :     #         Ӏ    
 	  	         	    o 2          (  <P ALIGN="RIGHT"><FONT FACE="Verdana" SIZE="12" COLOR="#990000"><B>Reporting/Communicating</B></FONT></P> :     #              
 	  
         	}    i\ 2          (  <P ALIGN="RIGHT"><FONT FACE="Verdana" SIZE="12" COLOR="#990000"><B>Interpreting</B></FONT></P> :     #              
 	           	    g>_
2           (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="11" COLOR="#990000"><B>&lt;&lt;Mouseover</B></FONT></P> 	o    Ws{
2         (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="11" COLOR="#FFFFFF"><B>1</B></FONT></P> 	o    Ws{
2         (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="11" COLOR="#FFFFFF"><B>2</B></FONT></P> 	o    Ws{
2         (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="11" COLOR="#FFFFFF"><B>3</B></FONT></P> 	o    Ws{
2         (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="11" COLOR="#FFFFFF"><B>4</B></FONT></P> 	o    Ws{
2         (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="11" COLOR="#FFFFFF"><B>5</B></FONT></P> 	o    Ws{
2         (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="11" COLOR="#FFFFFF"><B>6</B></FONT></P> 	o    Ws{
2         (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="11" COLOR="#FFFFFF"><B>7</B></FONT></P> 	o    Ws{
2         (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="11" COLOR="#FFFFFF"><B>8</B></FONT></P> 	o    Ws{
2         (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="11" COLOR="#FFFFFF"><B>9</B></FONT></P> 	p    W{
2         (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="10" COLOR="#FFFFFF"><B>10</B></FONT></P> 	p    W{
2         (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="10" COLOR="#FFFFFF"><B>11</B></FONT></P> 	z    w$2           (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#990000"><B>Analyzing:</B></FONT></P> 	   u2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Analyze the transactions through Voucher, a source document in writing in support </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">of the transaction.</FONT></P> 	y    f_2           (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#990000"><B>Recording:</B></FONT></P> 	E   / 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Record the transactions in the relevant journal i.e., Cash transactions in Cash      <SBR/>Journal and Credit transactions in subsidiary journals like Purchase Journal, Sales      <SBR/>Journal, and General Journal etc.</FONT></P> 	    o[[k 2           (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#990000"><B>Classifying and Posting:</B></FONT></P> 	    u2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">The recorded entries are to be posted to the ledger by classifying the   accounts as      <SBR/>Assets, Liabilities, Equity, Revenues, and Expenses. </FONT></P> 	y    fw2           (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#990000"><B>Balancing:</B></FONT></P> 	    w82            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">The ledger accounts are to be totaled and balanced.</FONT></P> 	   o[XA 2           (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#990000"><B>Preparing Trial Balance:</B></FONT></P> 	   u2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">A statement to ensure arithmetical accuracy is to be prepared by extracting balances <SBR/>from the ledger.</FONT></P> 	   o[T 2           (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#990000"><B>Adjustment Entries:</B></FONT></P> 	   2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Adjustment entries like Depreciation/Amortization of Long-term assets, Bad Debts, <SBR/>Accrued liabilities etc. are to be recorded in the General Journal and posted to the <SBR/>General Ledger. By adjusting entries, businesses can match revenues with          <SBR/>expenses within each accounting period.</FONT></P> 	   o[XA 2           (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#990000"><B>Adjusted Trial Balance:</B></FONT></P> 	[  u2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Once all accounts are adjusted by adjusting entries, the adjusted trial balance is to </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">be prepared to ensure once again the arithmetical accuracy after the adjustments.</FONT></P> 	   o[S% 2           (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#990000"><B>Closing the books:</B></FONT></P> 	  2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Close all revenue and expenditure accounts by transferring the balances of those <SBR/>accounts to Income Summary and the balance found in income summary is to be <SBR/>transferred to Retained Earnings or Owners Equity Account. Revenue and expense <SBR/>accounts are always brought to a zero balance before a new accounting cycle <SBR/>begins.</FONT></P> 	   	ws2           (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#990000"><B>Preparing Financial Statements (Summarizing):</B></FONT></P> 	   
u2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">From the adjusted trial balance, the financial statements viz., Income Statement, <SBR/>Balance Sheet and Cash Flow Statement are to be prepared.</FONT></P> 	   o[] 2           (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#990000"><B>Reporting/Communicating:</B></FONT></P> 	-  / 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Mainly the owners and management should be informed about the financial success <SBR/>or failure. Hence the prepared financial statements are to be presented to the users <SBR/>for their perusal.</FONT></P> 	|   f/2           (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#990000"><B>Interpreting:</B></FONT></P> 	   u2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Using the information contained in the report and analyzing the same to take major <SBR/>decisions.</FONT></P> 	   ?         '   `z;  v[   wʉ  2  T܉  p}V  N  ˆ    9Ҁ#  ΀&  >8 (  ")  [I *  q +  v,  th-  [.  gV/  60  A 1  2  H @ & ?    &  lha '  Xh@ & ' ?    &  lha '  Xh@ & ' ?    &  lha '  Xh@ & ' ?    &  lha '  Xh@ & ' ?    & lha ' Xh@ & ' ?    & lha ' Xh@ & ' ?    & lha ' Xh@ & ' ?    & lha ' Xh@ & ' ?    & 	lha ' 
Xh@ & ' ?    & lha ' Xh@ & ' ?    & lha ' Xh@   	     2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Definition of Accounting Elements &amp; Format of Balance Sheet</B></FONT></P> 	B  =?u2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Click on the following terms to view the meaning. Click on the required format </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">to view the financial statement and mouse over for the meanings</FONT></P>     
 I        
   &   qs}0  5G/Dp 	v   g'2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Account</B></FONT></P>     e  o؈z #  $   ewqP  f 5ݟCp                 	s   g12            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Transaction</FONT></P>                 	o   g W2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Journal</FONT></P>                 	n   _z` 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Ledger</FONT></P>                 	o   g g2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Posting</FONT></P> 	5  u2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">It is the one which contains the summary of the transactions pertaining to any Asset, </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Liability, Equity, Revenue and Expenditure.</FONT></P>      uR*  w%MU    !              	o   "g#o2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Account</FONT></P> 	z   #g9g2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Transaction</B></FONT></P> 	o   $g W2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Journal</FONT></P> 	n   %_z` 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Ledger</FONT></P> 	o   &g g2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Posting</FONT></P> 	   '@  2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Exchange or transfer of resources of some value between two or more parties.</FONT></P> 	o   (g#o2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Account</FONT></P> 	s   )g12            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Transaction</FONT></P> 	v   *g$2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Journal</B></FONT></P> 	n   +_z` 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Ledger</FONT></P> 	o   ,g g2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Posting</FONT></P> 	  -_u2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">It is a book of original entry wherein daily transactions are recorded in a </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">chronological order.</FONT></P> 	o   .g#o2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Account</FONT></P> 	s   /g12            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Transaction</FONT></P> 	o   0g W2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Journal</FONT></P> 	u   1g"G2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Ledger</B></FONT></P> 	o   2g g2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Posting</FONT></P> 	G  3u2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">It is a book that contains various accounts like Assets, Liabilities, Equity, Revenues </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">and Expenses, where the entries are posted from the journal.</FONT></P> 	o   4g#o2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Account</FONT></P> 	s   5g12            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Transaction</FONT></P> 	o   6g W2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Journal</FONT></P> 	n   7_z` 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Ledger</FONT></P> 	v   8g%W2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Posting</B></FONT></P> 	   9s  2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">It is a process of transfer of entries from the books of original entry to the ledger.</FONT></P> 	  : ?     v0   d7F  wn  F 
 ^ ]n  ش^ [      s XG   @     
    ?     !v[  "eE 1H   #B
 $^ %ش^ &    rN  'XG@     
    ?     (eE wn   )F	 v0  
 *Tb +ش^ ,    a -XG@   	 
     ?     .eE /F	   0^ v0   1Քb 2      3XG@         ?     4eE 5F 6^ ]n   7ش^   8     9XG@   H   ;]-u   fff fff5K.^RHC/`$<E  %J]$ 	m   <U
2           (  <P ALIGN="CENTER"><FONT FACE="Verdana" SIZE="11" COLOR="#000000">Next</FONT></P>     =Q`C      HHNNڲ     >Q`C     +'vegm: X   ?]-u  fff fff5wS]"hy#qA     %Jȷ[dDsm  2   @ ) ;  < 	=  >  ?           AJ!Y   x~!-o-dx^P"m,[pDzX6+8^=D%ءBe{9*'C찏-"P׆#sE
z9* &.Exʑj0/#H!ʑK+_o<-%ÔݹR!巂T;(.TdjZ
 	u   Bg 2  L       (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#1F4CA5"><B>Assets</B></FONT></P> 	t  CoR/ 2   3      (  <P ALIGN="CENTER"><FONT FACE="Verdana" SIZE="12" COLOR="#003399"><B>Balance Sheet</B><FONT COLOR="#990000"><B> </B><FONT COLOR="#000000">of </FONT></FONT></FONT></P><P ALIGN="CENTER"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">(Firm Name) </FONT></P><P ALIGN="CENTER"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">as at (Date)</FONT></P> 	r   D_N` 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>$$$</B></FONT></P> 	   Ew2  L       (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#1F4CA5"><B>Liabilities &amp; Owners Equity</B></FONT></P> 	~   Fo 2   3       (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#003399"><B>Liquid Assets:</B></FONT></P> 	   Go9u2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Cash</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Marketable Securities</FONT></P> 	   Ho 2   3       (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#003399"><B>Current Assets:</B></FONT></P> 	  Iog2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Accounts Receivables</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Inventories:</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">      Raw Material</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">      Work-In-Progress</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">      Finished Goods</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Prepaid Expenses</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Accrued/Outstanding Income</FONT></P> 	}   Jo 2   3       (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#003399"><B>Fixed Assets:</B></FONT></P> 	[  Ko 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Tangible Assets</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">(Net of Depreciation)</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Intangible Assets:</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">(Net of Amortization)</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">       Goodwill</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">       Franchise</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">       Copy Rights</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">       Patent Rights</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">       Trade Marks</FONT></P> 	{   Lg;o2   3f       (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#003366"><B>Total Assets</B></FONT></P> 	   Mok 2   3       (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#003399"><B>Current Liabilities:</B></FONT></P> 	  Nwt(2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Accounts Payable:</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">     Creditors for Goods</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">     Creditors for Expenses</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Current Portion of Long-term <SBR/>Debt</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Notes Payable/Short-term Bank <SBR/>Borrowings</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Provisions</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Unearned Revenue / Incomes <SBR/>Received in Advance</FONT></P> 	   Oo 2   3       (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#003399"><B>Long-term Liabilities:</B></FONT></P> 	   Po9 2   3       (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#003399"><B>Owners Equity: </B></FONT></P> 	   Qou2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Common Stock/Capital</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Retained Earnings/Reserves</FONT></P> 	   Rw	2   3f       (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#003366"><B>Total Liabilities &amp; Owners Equity</B></FONT></P> 	r   S_N` 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>$$$</B></FONT></P> ?$   Tnٍpc f 'pw  #   Un _   ^p>pН f   V  T  U   )          mc   gotoAndStop R            mc   gotoAndStop R f   W  T  U   )          mc   gotoAndStop R            mc   gotoAndStop R f   X  T  U   )          mc   gotoAndStop R            mc   gotoAndStop R f   Y  T  U   )          mc   gotoAndStop R            mc   gotoAndStop R f   Z  T  U   )          mc   gotoAndStop R            mc   gotoAndStop R f   [  T  U   )          mc   gotoAndStop R            mc   gotoAndStop R f   \  T  U   )          mc   gotoAndStop R            mc   gotoAndStop R f   ]  T  U   )          mc   gotoAndStop R            mc   gotoAndStop R f   ^  T  U   )   	       mc   gotoAndStop R            mc   gotoAndStop R f   _  T  U   )   
       mc   gotoAndStop R            mc   gotoAndStop R f   `  T  U   )          mc   gotoAndStop R            mc   gotoAndStop R f   a  T  U   )          mc   gotoAndStop R            mc   gotoAndStop R f   b  T  U   )          mc   gotoAndStop R            mc   gotoAndStop R f   c  T  U   )          mc   gotoAndStop R            mc   gotoAndStop R f   d  T  U   )          mc   gotoAndStop R            mc   gotoAndStop R f   e  T  U   )          mc   gotoAndStop R            mc   gotoAndStop R f   f  T  U   )          mc   gotoAndStop R            mc   gotoAndStop R f   g  T  U   )          mc   gotoAndStop R            mc   gotoAndStop R f   h  T  U   )          mc   gotoAndStop R            mc   gotoAndStop R f   i  T  U   )          mc   gotoAndStop R            mc   gotoAndStop R f   j  T  U   )          mc   gotoAndStop R            mc   gotoAndStop R 	   koAc 2          (  <P ALIGN="RIGHT"><FONT FACE="Verdana" SIZE="12" COLOR="#990000"><B>mouse over item for details</B></FONT></P> 	~   loy 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Long-term Investments</FONT></P> f   m  T  U   )          mc   gotoAndStop R            mc   gotoAndStop R f   n  T  U   )          mc   gotoAndStop R            mc   gotoAndStop R  '   owtJd   5dG=08 	-  pF/ 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Balance Sheet: </B>It is a statement showing the financial position of the firm <SBR/>depicting what the firm owns (Assets) and what the firm owes (Liabilities), as <SBR/>on a particular date.</FONT></P> 	c  qwi:(2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Asset:</B> A thing having monetary value on which <SBR/>the firm holds a title. These are the   economic <SBR/>resources that will produce the economic benefit <SBR/>for the owners. They can be Liquid Assets, <SBR/>Current Assets and Fixed Assets.</FONT></P> 	'  rw.2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Liquid Asset:</B> Part of Short-term Assets, which <SBR/>are easily convertible into Cash immediately.   <SBR/>Usually Cash and Marketable Securities form <SBR/>the part of Liquid Assets.</FONT></P> 	C  sw:(2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Cash: </B>It represents the current purchasing <SBR/>power of the firm that can be used for acquiring  <SBR/>Some resources or to pay some obligations. <SBR/>This includes money on hand and kept with the <SBR/>bank.</FONT></P> 	   tw2"2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Marketable Securities:</B> Also called Temporary <SBR/>Investments or Short-term investments,which <SBR/>are readily saleable in the stock market.</FONT></P> 	  uw}E2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Current Asset:</B> Also called Temporary Assets <SBR/>or Short-term Assets. These are assets, which <SBR/>are easily convertible into cash within a short <SBR/>period, say a year. Accounts Receivables, <SBR/>Inventories, Prepaid Expenses and Accrued <SBR/>Incomes will be grouped under this heading.</FONT></P> 	,  vw.2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Accounts Receivables:</B> The amount, which is <SBR/>due or yet to be received. It is also called <SBR/><B>Debtor</B> means the person from whom the <SBR/>amount is due  or yet to be received.</FONT></P> 	R  ww:(2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Inventories: </B>Stock of: - Unsold Finished Goods <SBR/>or Unconsumed Raw Material or Work in <SBR/>Progress: the work which is yet to be completed <SBR/>but on which the expenditure is incurred <SBR/>towards Material, Labor etc.</FONT></P> 	B  xw:(2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Prepaid Expenses:</B> The expenditure <SBR/>pertaining to the next accounting period is <SBR/>paid in advance E.g., Insurance Premium of <SBR/>next quarter paid in the current quarter (i.e. <SBR/>Prepaid Insurance)</FONT></P> 	  yw.2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Accrued/Outstanding Incomes:</B> The <SBR/>income, which is yet to be received. E.g., <SBR/>Interest Accrued on bank deposits or <SBR/>Government Securities</FONT></P> 	  zw\2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Fixed Asset:</B> Also called Permanent Asset <SBR/>having monetary value on which the firm holds <SBR/>a title and the benefit of which is derived in the <SBR/>long run and normally which are not meant for <SBR/>resale. Instead they are held to conduct the <SBR/>business. Hence these are also called Long-term <SBR/>Assets. They can be Tangible Assets and <SBR/>Intangible Assets</FONT></P> 	c  {wS:(2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Intangible Asset:</B> The long-term assets, which <SBR/>can not be touched and seen, E.g., Trademarks, <SBR/>Patent Rights, Copy Rights, Goodwill, &amp; <SBR/>Franchises. These are shown in the Financial <SBR/>Statements only if they are acquired.</FONT></P> 	  |w}t(2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Goodwill: </B>- Represents excess earning power <SBR/>due to reputation of the firm in the market.     </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Franchises:</B> - Right to perform certain <SBR/>functions or to sell certain products or <SBR/>services.</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Copy Rights:</B> - Right to reproduce certain <SBR/>works. </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Patent Rights:</B> - Right to use new inventions.</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Trademarks:</B> -Right to use symbols, logos, <SBR/>label.</FONT></P> 	  }w
\2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Liability:</B> It is an obligation to make <SBR/>the payment in future. It may arise due <SBR/>to purchase of goods/services without <SBR/>paying the bill or it may arise on <SBR/>account of borrowing the money. <SBR/>Current Liabilities, Long-term Liabilities, <SBR/>and Owners Equity are placed on this <SBR/>side.</FONT></P> 	  ~w QX2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Current Liability:</B> It is an obligation to <SBR/>make the payment within a short period <SBR/>say a year. Accounts Payables, Current <SBR/>Portion of Long-term Debt, Short-term <SBR/>Bank borrowings, Provisions, Unearned <SBR/>Revenue, Accrued/Outstanding Expenses <SBR/>will find a place under this heading.</FONT></P> 	  w
\2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Accounts Payable:</B> The amount that is <SBR/>due or yet to be paid on account of <SBR/>supply of  goods/services without <SBR/>receiving money. </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Trade Creditors:</B> Mean Creditors for <SBR/>goods</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Creditors for Expenses:</B> Mean <SBR/>Creditors for Services /Office Supplies</FONT></P> 	  w
.2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Current Portion of Long-term Debt:</B> <SBR/>The portion of Long-term debt raised <SBR/>previously, which is    repayable in   the <SBR/>immediate next accounting period.</FONT></P>  !   u!f  oSZUol<S 	B  w :(2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Long-term Investments:</B> It represents <SBR/>firms investments in other organizations <SBR/>in the form of shares &amp; stocks to have <SBR/>share in profit or to have control over <SBR/>that other organization.</FONT></P> 	   w
.2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Notes Payable/Short-term bank <SBR/>borrowings:</B> Loan advanced by the <SBR/>bank for financing the current assets of <SBR/>the firm.</FONT></P> 	   w
a"2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Provisions: </B>These are the charges <SBR/>against the revenues e.g., Provision <SBR/>for Taxes i.e. Taxes payable</FONT></P> 	<  w
E2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Unearned Revenue/Incomes <SBR/>Received in Advance:</B> Incomes either <SBR/>on investments or for supply of <SBR/>goods/services in future pertaining to <SBR/>that accounting period received <SBR/>currently.</FONT></P> 	.  wA:(2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Long-term Liability:</B> These are the <SBR/>obligations to make the payment in more <SBR/>than one year. e.g. Term Loans, Bonds <SBR/>the payment of which are not due in the <SBR/>current year.</FONT></P> 	   ?u2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Owners Equity:</B> It comprises of two components viz., Common Stock and <SBR/>Retained Earnings.</FONT></P> 	   2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Common Stock / Capital:</B> - Amount invested in by the investors in <SBR/>the corporate entity. </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Reserves / Retained Earnings:</B> - Amount kept aside by the firm out <SBR/>of the profits, which is due to owners.</FONT></P> 	   w"2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Tangible Asset:</B> The long-term assets, which <SBR/>can be touched and seen, e.g., Land, Building, <SBR/>Furniture, and Plant &amp; Machinery etc.</FONT></P> 	B   ?    @  oɗ->ߐ ppE~ @     Zƍ 4@ q䅃 @   r{@   s~ @   t=v@   u}{@   v@   w彀@   x݅@   yv@     js s z}{@   ̀˰'R?Њ {:l |dh@    
m́l }kE{@   ~h%{@   g~ @   ie@     z@@   o
m́l g~ @   h% @   h%@   h%~ @   ɓU m&}  r& @      #@    5   }$O? r     3f!5ZOK¾sA@ 	   wC2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Sample T form Balance Sheet</FONT></P> 	   w
2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Sample Vertical form Balance Sheet</B></FONT></P>      T  U             U_{    x~!-÷>DrY1`U(K6xlkdpD{#!PbHp{*!ڀa.Td-巂0[	}&U׆#sl##КùQa5sl\NЏ$!iW0a
}9o;.*b;sR+Zv&-B\vLf<Я/PG',WkxZ
 	u   g 2  L       (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#1F4CA5"><B>Assets</B></FONT></P> 	t  oR/ 2   3      (  <P ALIGN="CENTER"><FONT FACE="Verdana" SIZE="12" COLOR="#003399"><B>Balance Sheet</B><FONT COLOR="#990000"><B> </B><FONT COLOR="#000000">of </FONT></FONT></FONT></P><P ALIGN="CENTER"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">(Firm Name) as </FONT></P><P ALIGN="CENTER"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">at (Date)</FONT></P> 	r   _N` 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>$$$</B></FONT></P> 	   w2  L       (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#1F4CA5"><B>Liabilities &amp; Owners Equity</B></FONT></P> 	~   o 2   3       (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#003399"><B>Liquid Assets:</B></FONT></P> 	   o9u2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Cash</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Marketable Securities</FONT></P> 	   o 2   3       (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#003399"><B>Current Assets:</B></FONT></P> 	  og2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Accounts Receivables</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Inventories:</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">      Raw Material</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">      Work-In-Progress</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">      Finished Goods</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Prepaid Expenses</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Accrued/Outstanding Income</FONT></P> 	}   o 2   3       (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#003399"><B>Fixed Assets:</B></FONT></P> 	[  o 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Tangible Assets</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">(Net of Depreciation)</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Intangible Assets:</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">(Net of Amortization)</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">       Goodwill</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">       Franchise</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">       Copy Rights</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">       Patent Rights</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">       Trade Marks</FONT></P> 	{   g;o2   3f       (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#003366"><B>Total Assets</B></FONT></P> 	   ok 2   3       (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#003399"><B>Current Liabilities:</B></FONT></P> 	  wt(2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Accounts Payable:</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">     Creditors for Goods</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">     Creditors for Expenses</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Current Portion of Long-term <SBR/>Debt</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Notes Payable/Short-term Bank <SBR/>Borrowings</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Provisions</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Unearned Revenue / Incomes <SBR/>Received in Advance</FONT></P> 	   o 2   3       (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#003399"><B>Long-term Liabilities:</B></FONT></P> 	   o9 2   3       (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#003399"><B>Owners Equity: </B></FONT></P> 	   ou2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Common Stock/Capital</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Retained Earnings/Reserves</FONT></P> 	   w	2   3f       (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#003366"><B>Total Liabilities &amp; Owners Equity</B></FONT></P> 	r   _N` 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>$$$</B></FONT></P> h     T  U   *          mc2   gotoAndStop R            mc2   gotoAndStop R h     T  U   *          mc2   gotoAndStop R            mc2   gotoAndStop R h     T  U   *          mc2   gotoAndStop R            mc2   gotoAndStop R h     T  U   *          mc2   gotoAndStop R            mc2   gotoAndStop R h     T  U   *          mc2   gotoAndStop R            mc2   gotoAndStop R h     T  U   *          mc2   gotoAndStop R            mc2   gotoAndStop R h     T  U   *          mc2   gotoAndStop R            mc2   gotoAndStop R h     T  U   *          mc2   gotoAndStop R            mc2   gotoAndStop R h     T  U   *   	       mc2   gotoAndStop R            mc2   gotoAndStop R h     T  U   *   
       mc2   gotoAndStop R            mc2   gotoAndStop R h     T  U   *          mc2   gotoAndStop R            mc2   gotoAndStop R h     T  U   *          mc2   gotoAndStop R            mc2   gotoAndStop R h     T  U   *          mc2   gotoAndStop R            mc2   gotoAndStop R h     T  U   *          mc2   gotoAndStop R            mc2   gotoAndStop R h     T  U   *          mc2   gotoAndStop R            mc2   gotoAndStop R h     T  U   *          mc2   gotoAndStop R            mc2   gotoAndStop R h     T  U   *          mc2   gotoAndStop R            mc2   gotoAndStop R h     T  U   *          mc2   gotoAndStop R            mc2   gotoAndStop R h     T  U   *          mc2   gotoAndStop R            mc2   gotoAndStop R h     T  U   *          mc2   gotoAndStop R            mc2   gotoAndStop R h     T  U   *          mc2   gotoAndStop R            mc2   gotoAndStop R h     T  U   *          mc2   gotoAndStop R            mc2   gotoAndStop R 	   oAc 2          (  <P ALIGN="RIGHT"><FONT FACE="Verdana" SIZE="12" COLOR="#990000"><B>mouse over item for details</B></FONT></P> 	~   oy 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Long-term Investments</FONT></P> h     T  U   *          mc2   gotoAndStop R            mc2   gotoAndStop R 	-  F/ 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Balance Sheet: </B>It is a statement showing the financial position of the firm <SBR/>depicting what the firm owns (Assets) and what the firm owes (Liabilities), as <SBR/>on a particular date.</FONT></P> 	c  wi:(2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Asset:</B> A thing having monetary value on which <SBR/>the firm holds a title. These are the   economic <SBR/>resources that will produce the economic benefit <SBR/>for the owners. They can be Liquid Assets, <SBR/>Current Assets and Fixed Assets.</FONT></P> 	'  w.2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Liquid Asset:</B> Part of Short-term Assets, which <SBR/>are easily convertible into Cash immediately.   <SBR/>Usually Cash and Marketable Securities form <SBR/>the part of Liquid Assets.</FONT></P> 	C  w:(2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Cash: </B>It represents the current purchasing <SBR/>power of the firm that can be used for acquiring  <SBR/>Some resources or to pay some obligations. <SBR/>This includes money on hand and kept with the <SBR/>bank.</FONT></P> 	   w2"2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Marketable Securities:</B> Also called Temporary <SBR/>Investments or Short-term investments,which <SBR/>are readily saleable in the stock market.</FONT></P> 	  w}E2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Current Asset:</B> Also called Temporary Assets <SBR/>or Short-term Assets. These are assets, which <SBR/>are easily convertible into cash within a short <SBR/>period, say a year. Accounts Receivables, <SBR/>Inventories, Prepaid Expenses and Accrued <SBR/>Incomes will be grouped under this heading.</FONT></P> 	,  w.2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Accounts Receivables:</B> The amount, which is <SBR/>due or yet to be received. It is also called <SBR/><B>Debtor</B> means the person from whom the <SBR/>amount is due  or yet to be received.</FONT></P> 	R  w:(2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Inventories: </B>Stock of: - Unsold Finished Goods <SBR/>or Unconsumed Raw Material or Work in <SBR/>Progress: the work which is yet to be completed <SBR/>but on which the expenditure is incurred <SBR/>towards Material, Labor etc.</FONT></P> 	B  w:(2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Prepaid Expenses:</B> The expenditure <SBR/>pertaining to the next accounting period is <SBR/>paid in advance E.g., Insurance Premium of <SBR/>next quarter paid in the current quarter (i.e. <SBR/>Prepaid Insurance)</FONT></P> 	  w.2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Accrued/Outstanding Incomes:</B> The <SBR/>income, which is yet to be received. E.g., <SBR/>Interest Accrued on bank deposits or <SBR/>Government Securities</FONT></P> 	  w\2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Fixed Asset:</B> Also called Permanent Asset <SBR/>having monetary value on which the firm holds <SBR/>a title and the benefit of which is derived in the <SBR/>long run and normally which are not meant for <SBR/>resale. Instead they are held to conduct the <SBR/>business. Hence these are also called Long-term <SBR/>Assets. They can be Tangible Assets and <SBR/>Intangible Assets</FONT></P> 	c  wS:(2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Intangible Asset:</B> The long-term assets, which <SBR/>can not be touched and seen, E.g., Trademarks, <SBR/>Patent Rights, Copy Rights, Goodwill, &amp; <SBR/>Franchises. These are shown in the Financial <SBR/>Statements only if they are acquired.</FONT></P> 	  w}t(2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Goodwill: </B>- Represents excess earning power <SBR/>due to reputation of the firm in the market.     </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Franchises:</B> - Right to perform certain <SBR/>functions or to sell certain products or <SBR/>services.</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Copy Rights:</B> - Right to reproduce certain <SBR/>works. </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Patent Rights:</B> - Right to use new inventions.</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Trademarks:</B> -Right to use symbols, logos, <SBR/>label.</FONT></P> 	  w
\2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Liability:</B> It is an obligation to make <SBR/>the payment in future. It may arise <SBR/>due to purchase of goods/services <SBR/>without paying the bill or it may arise <SBR/>on account of borrowing the money. <SBR/>Current Liabilities, Long-term <SBR/>Liabilities, and Owners Equity are <SBR/>placed on this side.</FONT></P> 	  w QX2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Current Liability:</B> It is an obligation to <SBR/>make the payment within a short period <SBR/>say a year. Accounts Payables, Current <SBR/>Portion of Long-term Debt, Short-term <SBR/>Bank borrowings, Provisions, Unearned <SBR/>Revenue, Accrued/Outstanding Expenses <SBR/>will find a place under this heading.</FONT></P> 	  w
\2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Accounts Payable:</B> The amount that is <SBR/>due or yet to be paid on account of <SBR/>supply of  goods/services without <SBR/>receiving money. </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Trade Creditors:</B> Mean Creditors for <SBR/>goods</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Creditors for Expenses:</B> Mean <SBR/>Creditors for Services /Office Supplies</FONT></P> 	  w
.2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Current Portion of Long-term Debt:</B> <SBR/>The portion of Long-term debt raised <SBR/>previously, which is    repayable in   the <SBR/>immediate next accounting period.</FONT></P> 	B  w :(2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Long-term Investments:</B> It represents <SBR/>firms investments in other organizations <SBR/>in the form of shares &amp; stocks to have <SBR/>share in profit or to have control over <SBR/>that other organization.</FONT></P> 	   w
.2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Notes Payable/Short-term bank <SBR/>borrowings:</B> Loan advanced by the <SBR/>bank for financing the current assets of <SBR/>the firm.</FONT></P> 	   w
a"2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Provisions: </B>These are the charges <SBR/>against the revenues e.g., Provision <SBR/>for Taxes i.e. Taxes payable</FONT></P> 	<  w
lE2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Unearned Revenue/Incomes <SBR/>Received in Advance:</B> Incomes <SBR/>either on investments or for supply of <SBR/>goods/services in future pertaining to <SBR/>that accounting period received <SBR/>currently.</FONT></P> 	.  wA:(2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Long-term Liability:</B> These are the <SBR/>obligations to make the payment in more <SBR/>than one year. e.g. Term Loans, Bonds <SBR/>the payment of which are not due in the <SBR/>current year.</FONT></P> 	   ?u2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Owners Equity:</B> It comprises of two components viz., Common Stock and <SBR/>Retained Earnings.</FONT></P> 	   2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Common Stock / Capital:</B> - Amount invested in by the investors in <SBR/>the corporate entity. </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Reserves / Retained Earnings:</B> - Amount kept aside by the firm out <SBR/>of the profits, which is due to owners.</FONT></P> 	   w"2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Tangible Asset:</B> The long-term assets, which <SBR/>can be touched and seen, e.g., Land, Building, <SBR/>Furniture, and Plant &amp; Machinery etc.</FONT></P> 	)   ?    @  oɗ->ߐ pE~ @     Zƍ 4@ 䅃 @   {@   ~ @   =v@   }{@   @   彀@   ݅@   v@     js s }{@   ̀˰'R?Њ :l dh@    
m1I  
G@   3@   @   WG@   )@   Q@   Q@   3@   )@   ɓU5P o` tA`@      #@    5   }$O? r     3!5ZOK¾sA@ 	   w	#2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Sample T form Balance Sheet</B></FONT></P> 	   w	2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Sample Vertical form Balance Sheet</FONT></P>      T  U          	~   ?     A  B+ Cbp D  E2ꀉ F/| G  HB 	 I! 
 JKG KK@ LRЊ MC  ND  OycL Pyc Qyc R7RЊ S`/p V=@  Wx @ D o X=@ ve Y@ I|fP Z=@ w [=@   \=@ I" ]=@ 仨$ ^=@ ]0& _=@ ]U( `=@ ]j* a=@ ]p, b=@ ]0. c=@ Kh0 d=@ Kh2 e=c^Kꀏ4 f=c^NK`6 g=(kKi3P8 h=@ Ki: i=@ Kip< j=@ ]> k\? l>0@ m=@ .B n=eKiP   &D a\@mc H  I /_J  K <@ F@        	 
                  " $ & ( * , . 0 2 4 6 8 : < > ? @ B D I J K ?      + wˠ    / ɀ M	 6
 J` K2  : 퀊 ̀ |` |
 |< r 0X =@   x @ (<  =@ v|  @ Jh   =@ }  =@    =@ O " =@ 仮 $ =@ ] & =@ ]U ( =@ ]k  * =@ ]` , =@ ]̠ . =@ LĆ 0 =@ LĢ@ 2 =` LL 4 =aNL@ 6 =(kLM3 8 =c^NLQ : =/(Lr` < =@ LŎ > =@ ]` @ >A 9)PB =@ l    6D b]  mc2 H I /_J  K T @ @   	     2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Definition of Accounting Elements &amp; Format of Balance Sheet</B></FONT></P>     
 I          H   ]-u   fff fffwOpG"Gn#q@  %J]$ 	m   U{
2           (  <P ALIGN="CENTER"><FONT FACE="Verdana" SIZE="11" COLOR="#000000">Back</FONT></P>     TC=vC      SݧmYڲ     TC=vC     SݧmYڲ O   ]-u  fff fffwOp"hy#q@   %JpdDsm  1    (               	     2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Definition of Accounting Elements &amp; Format of Income Statement</B></FONT></P>     
 I           |   $_߀  x~5# M/PT\Opz[5',݈i8^>;z 8QXy XW-Mo1- 	z   g52  L       (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#1F4CA5"><B>Particulars</B></FONT></P> 	s   g72            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">(Firm Name)</FONT></P> 	r   _N` 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>$$$</B></FONT></P> 	   o} 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>A. Revenue / Income:</B></FONT></P> 	r   _N` 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>$$$</B></FONT></P> 	   oo 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Income Statement</B></FONT></P> 	   o[c 2           (  <P ALIGN="RIGHT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">For the period ending (Date)</FONT></P> 	  g4"2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Sales</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Less:</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Expenditure</FONT></P> 	   o 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>B. Cost of Goods Sold:</B></FONT></P> 	\  w6"2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Opening Inventory</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Add:   Purchase of Materials &amp; Other Direct Costs</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Less:   Closing Inventory</FONT></P> 	   o 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>C. Gross Profit = A  B</B></FONT></P> 	m   _`_` 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Less:</FONT></P> 	   o# 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>D. Operating Expenses:</B></FONT></P> 	  wa.2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Administrative Expenses</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Selling &amp; Distribution Expenses</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Depreciation</FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Amortization</FONT></P> 	   w2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>E. Operating Income / EBIT / PBIT = C  D</B></FONT></P> 	   w	2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>F. Non-Operating Income / Gains</B></FONT></P> 	   w
2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>G. Non-Operating Expenses / Losses</B></FONT></P> 	   w2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>H. Net Non-Operating Income / (Loss) = F- G</B></FONT></P> 	   o 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>I. EBT / PBT = E + H</B></FONT></P> 	~   o	 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>J. Income Tax </B></FONT></P> 	   o 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>K. EAT / PAT = I  J</B></FONT></P> 	   hcu2          (  <P ALIGN="RIGHT"><FONT FACE="Verdana" SIZE="12" COLOR="#990000"><B>mouse over item </B></FONT></P><P ALIGN="RIGHT"><FONT FACE="Verdana" SIZE="12" COLOR="#990000"><B>for details</B></FONT></P> 	-   ?        ^     N   	 
         R7 Rl@ S ST S@ S@ ) )P ) Њ a Wȩ@ u_C X=@ < ^@ VP Z=@ 1  [=@ " ]@ ?0$ ah@ & b1@ 
0( Y/@ 0* _@ j, `@ 0. \=@ 1&00 cȿw@ 2 dȺ@ ԃ4 V=@    &6 R@mc @   	   w2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Accounting Principles-Concepts &amp; Conventions</B></FONT></P>     
 I       	    Xw z 	   s.  #   uJs"  bg%5?PjGC 	    w2  c       (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#1F631F"><B>Then how the transactions are recorded </B></FONT></P>    P" 	      @, 	   w2  c       (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#1F631F"><B>Then how the transactions are recorded </B></FONT></P> 	p   Wn2  c       (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#1F631F"><B>? </B></FONT></P> 	n  . 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">To record the transactions there are certain Generally Accepted Accounting <SBR/>Principles (popularly known as GAAP), which are to be followed by all <SBR/>business entities through out the world unless the laws of different countries <SBR/>otherwise require.</FONT></P> 	   u2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">These principles are the guidelines, standards, rules, and procedures for <SBR/>preparation and presentation of financial statements.</FONT></P> 	v  Y  &	565V  @ @ @ @ @   c     ? @ 	 t 9p @ 	 / 4  @ 	 Fd .K @ 	 ]E (  @ 	 tD "Ȱ @ 	 # s0 @ 	 (4 \ @ 	 . EDP @ 	 4M . @ 	 :N p @ 	  2*ИQi @h@   НҴi @<@  }wУSli @@  ϼyBPi @ @  ͸BSi @ @  ͍{sBVi @ @  bOIBYi @ \@  7&B\i @ ,@  SC_i @  @    c  ;NME@ @ @ @ @ @ @ @ @   YXC~i @  " @ 	 i @ @ 	 i @@ 	 i @h@ 	 i @4@ 	 @  h @  kw @  m @  pw @  r @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ 	  YXCZi @  J @ 		 i @ @ 		 i @@ 		 i @h@ 		 i @4@ 		 @  hݠ@  kwݠ@  mݠ@  pwݠ@  rݠ@ @ @ @ ?    @   	  ̟u2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Financial statements are prepared on the basis of transactions recorded </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">in the books of accounts.</FONT></P> ?  E 2 x=N0 `;];|Wl#'@9k];t!7mn~$@#z~qҪ|\okUoϋnY';BU,(ʇ{ZUU&hW:0	L@B)w I(0plCl4	ڠCoJ̤(g2&"i*Hf12n,k]GFpjc%QLO)g6se	s^HA|DLDSDRNsN!W
0q i~14!9oA` <d#!!OrG:^Xȿg#z^ꠎy\=`zFeĘZ1:e?i>;y~I<h\
%7O!!:zP3v5yOJ   2   	]9S A@    A@   8  t]
:*s B   
 
 	        2     _root   tell1 N  gotoAndStop R     
 I       	 T    
 I               _root 
  wellcome N	  last_pg N  gotoAndStop R 	   o 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>What are the GAAPs?</B></FONT></P> 	     2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">FASB i.e. Financial Accounting Standards Board lays down these GAAPs.</FONT></P> 	   we2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">These can be studied under two parts viz.,</FONT></P> ?  v)T   b)    bT    AquY ,(p:P
PBw =K{8^T@H@Hb[d p1
JMw6)`֙?qf px>T ;;qxcuX+P
_J@=K^U5G@F^ZqT%uk";6pJM\]1yr)y˴.fҿA1c/}^e@U:P
oLSlSK3V bMYrhm2bDR i`i Z3ii_]iRu5+9=?/{^W_ԩJP
Pp9kLW-zct#(m"VppiSqҀRpD^W GMJEس ֝1-΀	x   o} 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Accrual Concept</FONT></P> 	t   g;?2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Conservatism</FONT></P> 	~   oW 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Going Concern Concept</FONT></P> 0   F
,   5}iwh     2ݫi7i  	   _u2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">These are the general rules that are followed while <SBR/>recording the transactions in the books of accounts. </FONT></P> 	x   g0W2           (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#990000"><B>Concepts:</B></FONT></P>  ,   m{  rheucmgE=ZEҠ 	   _u2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">These are the norms that are followed in the preparation <SBR/>and presentation of financial statements.</FONT></P> 	{   g?2           (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#990000"><B>Conventions:</B></FONT></P>  ,   m{t6     MVW[/>{tSU>d]* 	   o 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Accounting period Concept</FONT></P> 	   o 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Business Entity Concept</FONT></P> 	t   g92            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Cost Concept</FONT></P> 	|   o] 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Dual Aspect Concept</FONT></P> 	s   g4O2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Consistency</FONT></P> 	r    g-2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Disclosure</FONT></P> 	s   !g.'2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Materiality</FONT></P> 	   "o 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Money Measurement Concept</FONT></P> 	y   #oQ 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Matching Concept</FONT></P> 	|   $oG 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Realization Concept</FONT></P>    %l(C    'T)A4V|_K-ԁxE-u8ٷ۶SҕjuUP|  ݗ 'Yi},RleצfnڞKLOJW}9WBT)A4 	   &	  :   .m  @?ʰ  :   ր @?ʰ  %  :   .r@ @?ʰ   K@ 	 i @@ 	 i @ @ 	 i @@ 	 i @ @ 	 i @@ 	 i @ @ 	 i @ @ ?    	 i @  @      'pLv 	 V   4Ua1IjQϧ)TWalJORm@Jbe'QU}>Jm*P
WbURIm*[vG> 1J2,; JX   ; KaC6ҥ ځkG RmA1Jb+*ORuJ]{QϧG
W ,   (  =   >   ?   @              ) 
 I           	Y   * ?    @    6 & Ќ. bg1  'N 	 (   )ĤNV9^;  @   	  + ?    
   start      7x5Y@   ?      mt5     }   =i "   # ψ $ ??  % \  & r  ' \  ( \s  ) \6  * \  + \  , _F  - _Gt  . r	 / r   0 s! 1 tl " 2 u7# 3 v $ 4 ? % 5 ?䀊& 6 /' 7 /    6( E 5 but_dis 4 G f 7 H  8 J D1OEP : K wdVfNn0 < L wdVfNf@    6> P y pg1 @                  ! " # $ % & ' : < > ?D           _root 
  wellcome N	  but_dis N  gotoAndStop R  Q   : YoEIsy;  @?ʰ  : Sj @?ʰ  Q  	  : YoEIsy?  @?ʰ  : S5 @?ʰ  Q   : YoEIsy"N  @?ʰ 	 : Sg @?ʰ 
 Q   : YoEIsy%  @?ʰ  : S  @?ʰ  V   : S{' @?ʰ  W BZ
  X bF Y   X b Z  X b [ H! X U퀊" \  : ] wdVfNf'P > ^ wdVfNnP @         	 
            ! " ( : ?      e԰5Ai; _ wdVfNf'P @ ` =i A a OMB b  .C m ř9( N n =c O o O P b  }Q p O2R b  u S r d6 U s <f   6V z ,p text @ @ A C N O P Q R S U V ?    : { >	; wdVfNfw> wdVfNn@ | OMB }  C ~ OÀD   E  f6ظF  f2xG  f2ĎH  f2I  f2\J  f2K  f2L  f9q? i @| X  \W2W@ Z  h9 i @<   ͊\  ͊\<  Ş\60   Ş\6   Ş\6Q   Ş\6   Ş\6r   Ş\6   Ou b     ŀ  5`mf @ : @ B C D E F G H I J K L X Z            ?    :  =y ; wdVfNfwP> wdVfNnP@  5R @ : ; @ ?    :  wdVfNf'P > wdVfNo7P@  =y A  OMB b  .C  O-D  O E b  XF  O G  O H b  ;I  Oz J  O K b  L  O M  O0N b  tO  O@ : @ A B C D E F G H I J K L M N O ?    :  < < _ wdVfNfwP > wdVfNnP@ Bb  @ : > @ ?    : <鍀; < > wdVfNnP @ :f5> X @ϩq @ : ; < > @ X ?    : 327וo	  <鍀 wdVfNfwP	  ^ wdVfNnP	  ѩ`	 @ :    ?     eԑ5^: =9 ; wdVfNf'P
  3233
 @ : ;  ?     eԮ5A>: =; wdVfNf'P  wdVfNo7P   b  L  O  
! @ : ;      ?     eԑ5^: wdVfNf' < wdVfNn > =? b  L @ O A b  B Oh C  D f2(zE f7+F   I  ǂP L  Ǉ| O  ǌx R  Ǒ U  I}  X  I [  I$ ^  I
 a f50c f6˕e f6̺g f6i f6ގj f3'|k f6yl  m f3n f6o  p f2(@q f2(E r f2(J4s f2(O|t f7,,u  f7-Iv !f7.fw "f50ߎx #f50y $f50=   6z *6 last_pg @    4 7 8 : < > ? @ A B C D E F I L O R U X [ ^ a c e g i j k l m n o p q r s t u v w x y z 
   end @      6 + wellcome     ,vJy3j  k%]i;  +   -v|`  8 -t.nix ʗ	   .  - @   ?   /  xzڔu]k|z9ێ-usf'e d+#3s2s\&z~~~6Vg)2h&71E|  3N6A 0   0MA`P A@    A/@   	X   6p p   1 
 0      '  _root menu hide _visible restore_btn    N N O   N N O ?j  2 J xMr0ǣUj?"93=/љn={OҥpI %!3H7/YBZ6vin&,I,YeB8cMC3.b Syf$&yx2=g<$OLhgCh<s|^E 5=aa,0" S \i )?xKtО-Gԁ@<|ɋUcXuPA= xyhȫ8=%uu<xVkd}xHϚy7d:cϕf[QܳqUzϥCPz6ˍXw]Kp?,+Nr''ah~k?S12s(<M~|}"^^ajbg?p^k y4?t/Z? jٻW-<ny4?7zö~x0a&?þx\{q?/msЧVjVoC9aW?1A8nzC}/`~9?7"OiY; 6   3tT]˰A@    A2@   :  R]v,r;)G  ?   4  xcHR]Y-YU&^tc<?a5ߵ["\k~g?D$ f @ V+
q DX٠b	%yA@TN@R%Y!bHzYX `DQA,Bhb@(MJ D߿ &   5M1i`L@4@   	S  +KNx 	   6  5 @       7vPLꧠ  k%X 	   8   ĭO*ES@   ?  9  xڋ*lyiSc.uc[{ڵ~9ێ=|붭3kעr[Z.[ϵ,ԲvױseYwsK7
vʴ9s-=vZϪc}k"~^3g۹9˶=|nKY7vJumur{%&=~mkՋ;.;3z9S{ٓao쀁1q!of$ LE?L\IXO,`c)N| sܽ= H:0{3(c{q{3ia;x3x
khz3x3JBKʋ[I(lkfmgBbR<@qof6giq&0ѕ
szÙMx]9ßCD$3^ -K 0   :LiLZ A@    A9@   	S   1ep0 p   ; 
 :      '  _root menu hide _visible restore_btn    N N  O   N N  O 	   <  ; @   ?E   =Ub*x (  05-9t AN Ah˓G>H N 4st  p  C   >Uة   05-9t AN Ah˓G>H N 4st  p 	   ?
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     A          _root   menu N  icon8 N  gotoAndPlay R A   
       _root   menu N  icon8 N  gotoAndStop R       _root licensed gotoAndStop bg  f          N R         N R    A 
     A          _root   menu N  icon9 N  gotoAndPlay R A   
       _root   menu N  icon9 N  gotoAndStop R       _root licensed gotoAndStop bg  j          N R        R    B 
     B          _root   menu N  icon10 N  gotoAndPlay R B   
       _root   menu N  icon10 N  gotoAndStop R       _root licensed gotoAndStop bg  l          N R        R 	   C	  :   .m  @?ʰ  :   ր @?ʰ  %  :   .r@ @?ʰ   K@ 	 i @@ 	 i @ @ 	 i @@ 	 i @ @ 	 i @@ 	 i @ @ 	 i @ @ ?    	 i @  @   (
  D\ ^ }   8Js'Sq.fb9Ine&	7	`			 5bBv(w;-pVSaŮ 5eQhH M1eV|VÅ|| Wg ]HiS70 5J%Ӝ !'!1E>H h /wuٻ4#"#" 5HMf4FVT˗`15t 3lv%* Jh` 5#xf/u 5
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 *L `0	@ #gk 5bށ_RΠ		S$% :N C	[B Ml"}Z/G
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  wellcome N  gotoAndStop R    	   w2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Financial Accounting Glossary</B></FONT></P> 	   u2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Please click on the link below to view the key terms and definitions used in <SBR/>Financial Accounting. </FONT></P> 	   o= 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Click <FONT COLOR="#FF0000">here</FONT> for information.</FONT></P> ^       p8               _root   menu N  gloss N  info N  gotoAndStop R ?  
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HW heH#<68+X-h_0E1(/Hxfx/,YiӃTW^;2{<@U:Vm	K*go]U荎89|,/XzԊeBl/q!z2Sb.3xANFJ%3f"rbɗmfleE0M3Zq"&H4B䏕'BF2/dhϨ2raH'|J?NlOZFcs##u3b?`I^^j03rQȱ0303bq4JZ:o=1ٸD(I+OZOٌ\ |ζ?KP9\i},f¿P   u+@  %sWw0 A@    A@   p  ErzW8岞29S`        p8                 p8                 p8          ?#   vKmp M ˟s[=r@ 	w   g*2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Glossary</B></FONT></P> 	w   g'2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Account </B></FONT></P> 	   "/ 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">It is the one which contains the summary of the transactions <SBR/>pertaining to any Asset, Liability, Equity, Revenue and <SBR/>Expenditure.</FONT></P> 	   g6X2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Accounting </B></FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Concepts</B></FONT></P> 	   u2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">These are the general rules that are followed while recording <SBR/>the transactions in the books of accounts.</FONT></P> 	   g<?X2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Accounting </B></FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Conventions</B></FONT></P> 	  w5X2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">These are the norms that are followed in the preparation </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">and presentation of financial statements.</FONT></P> 	   o 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Accounting Cycle</B></FONT></P> 	   wX2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">A process of accounting that contains the steps that lead <SBR/>for preparation of financial statements.</FONT></P> 	   g6X2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Accounting </B></FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Equation</B></FONT></P> 	   wX2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">An equation that equalises two sides of a Balance Sheet <SBR/>I.e. Assets &amp; Liabilities.</FONT></P> 9    , Q  S	 `V Q  W          	y   g12            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Bad Debts </B></FONT></P> 	   w	R2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Debts which can not be recovered.</FONT></P> 	}   o/ 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Balance Sheet</B></FONT></P> 	  wNX2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">A statement that shows the financial position and the </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">assets and liabilities of the firm. </FONT></P> 	x   g02            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Balancing</B></FONT></P> 	   _  2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Arriving the difference between the two sides of an account.</FONT></P> 	   ou2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Bank </B></FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Reconciliation</B></FONT></P> 	,  ;u2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">It is a statement prepared to settle the difference between </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">bank balance as per books and balance as per bank statement.</FONT></P> 	|   o 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Book Keeping</B></FONT></P> 	
  wX2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">It is nothing but mere recording of transactions and </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">maintaining the books of accounts.</FONT></P> 	y   g62            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Book Value</B></FONT></P> 	  wX2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">It is a total of face value of a share and its share in the </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">retained earnings.</FONT></P> 	   o 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Capital Employed</B></FONT></P> 	   w~2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Total of Networth and Long-term liabilities.</FONT></P> 	v   g"2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Capital</B></FONT></P> 	   w2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Amount invested in by the investors in the business.</FONT></P> 	   o 2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Capital Gearing</B></FONT></P> 	'  w;X2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">It is a ratio that esablishes a relation between fixed cost </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">bearing funds to non-fixed cost bearing long-term funds.</FONT></P> 	   ou2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Capital Structure </B></FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Ratios</B></FONT></P> 	   u2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">The ratios that measure the relationship between own funds </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">and loan funds.</FONT></P> 	   g2X2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Cash Flow </B></FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Statement</B></FONT></P> 	  w"2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">A statement that shows the cash inflows and cash outflows </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">during a given period of time on account of Operating, </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">Investing and Financing activities.</FONT></P> 	   oou2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Cash Position </B></FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000"><B>Ratios</B></FONT></P> 	   wX2            (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">These are the ratios to test the availability of cash in </FONT></P><P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#000000">the business.</FONT></P> 	   ?    @    4ܹ:N   4ܹ6  4ܹ6a 	  
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<+JX«of7g~?ӛrkdٿ'k&X1W,_+׍tzUa7e;&z>7׊kߟe7J!o1{%8%{mµWͯkcm_}WA9U?m6m߿oƐX@+r1unpwF./n`_wZWz;߿o:}oj/np:'_ݫ;xۓ$-Ǖ+:G*;s [7Wo϶Vr1wvkWBߢsw$Wm߿o?_Ϝev-ަsv~uv۴2U?fW>V!|Hk`~ݳ_]Ή%CҖ[05:Ymٜ⾯y<{dϛNko_{l?)|cZYqmsٶ{|cu\9uU_7U6_ڗZ{Ym[u8lgߗ?U{oz7_Ǝ?߂Wr}o6߿?(Νğݟ[KD<s*g}B/K//K//K/KK/K/K/K/K/K//K//K/KK/K/K/K/K/K//K//K/KK/K/K/K/K/K//K//K/KK/K/K/K/K/K//K//K/KK/K/K/K/K/K//K//K/KK/K/K/K/K/K//K//K/KK/K/K/K/K/K//K//K/KK}*_GeM|#TS}t   bvs̏`6^`  %̊`KnQA@    Aa@   	   ̅zZc+gu   {d3eWӞ5      % 	  c 2R          (  <P ALIGN="LEFT"><FONT FACE="Trebuchet MS" SIZE="13" COLOR="#000000">Thank you for your interest in the course developed for Clvex by KESDEE Inc. <SBR/>We hope that you found the course informative and helpful. Your feedback <SBR/>will be very valuable for us!. To help us to serve your needs better, we <SBR/>request you to kindly give your overall feedback on the course. </FONT></P> 	   do2D          (  <P ALIGN="LEFT"><FONT FACE="Trebuchet MS" SIZE="13" COLOR="#000000"><B>Feedback Form</B></FONT></P> 	   eg87(2D          (  <P ALIGN="LEFT"><FONT FACE="Trebuchet MS" SIZE="13" COLOR="#000000"><B>Presentation</B></FONT></P> 	   fo2R          (  <P ALIGN="LEFT"><FONT FACE="Trebuchet MS" SIZE="13" COLOR="#000000">1. Logical and Analytical Flow  </FONT></P> 	w   gg'(2R          (  <P ALIGN="LEFT"><FONT FACE="Trebuchet MS" SIZE="13" COLOR="#000000">Excellent </FONT></P> 	r   h_[_`2R          (  <P ALIGN="LEFT"><FONT FACE="Trebuchet MS" SIZE="13" COLOR="#000000">Good </FONT></P> 	r   i_E`2R          (  <P ALIGN="LEFT"><FONT FACE="Trebuchet MS" SIZE="13" COLOR="#000000">Fair </FONT></P> 	r   j_O`2R          (  <P ALIGN="LEFT"><FONT FACE="Trebuchet MS" SIZE="13" COLOR="#000000">Poor </FONT></P> 	{   kg=_(2R          (  <P ALIGN="LEFT"><FONT FACE="Trebuchet MS" SIZE="13" COLOR="#000000">Not Applicable</FONT></P> 	y   lg3(2R          (  <P ALIGN="LEFT"><FONT FACE="Trebuchet MS" SIZE="13" COLOR="#000000">2. Language </FONT></P> 	w   mg'(2R          (  <P ALIGN="LEFT"><FONT FACE="Trebuchet MS" SIZE="13" COLOR="#000000">Excellent </FONT></P> 	r   n_[_`2R          (  <P ALIGN="LEFT"><FONT FACE="Trebuchet MS" SIZE="13" COLOR="#000000">Good </FONT></P> 	r   o_E`2R          (  <P ALIGN="LEFT"><FONT FACE="Trebuchet MS" SIZE="13" COLOR="#000000">Fair </FONT></P> 	r   p_O`2R          (  <P ALIGN="LEFT"><FONT FACE="Trebuchet MS" SIZE="13" COLOR="#000000">Poor </FONT></P> 	{   qg=_(2R          (  <P ALIGN="LEFT"><FONT FACE="Trebuchet MS" SIZE="13" COLOR="#000000">Not Applicable</FONT></P> 	   rwy(2R          (  <P ALIGN="LEFT"><FONT FACE="Trebuchet MS" SIZE="13" COLOR="#000000">3. Quality, Utility and Relevance of Graphics  </FONT></P> 	w   sg'(2R          (  <P ALIGN="LEFT"><FONT FACE="Trebuchet MS" SIZE="13" COLOR="#000000">Excellent </FONT></P> 	r   t_[_`2R          (  <P ALIGN="LEFT"><FONT FACE="Trebuchet MS" SIZE="13" COLOR="#000000">Good </FONT></P> 	r   u_E`2R          (  <P ALIGN="LEFT"><FONT FACE="Trebuchet MS" SIZE="13" COLOR="#000000">Fair </FONT></P> 	r   v_O`2R          (  <P ALIGN="LEFT"><FONT FACE="Trebuchet MS" SIZE="13" COLOR="#000000">Poor </FONT></P> 	{   wg=_(2R          (  <P ALIGN="LEFT"><FONT FACE="Trebuchet MS" SIZE="13" COLOR="#000000">Not Applicable</FONT></P> 	   xwN(2R          (  <P ALIGN="LEFT"><FONT FACE="Trebuchet MS" SIZE="13" COLOR="#000000"> 4. Viability of Features like Links, References, etc. </FONT></P> 	w   yg'(2R          (  <P ALIGN="LEFT"><FONT FACE="Trebuchet MS" SIZE="13" COLOR="#000000">Excellent </FONT></P> 	r   z_[_`2R          (  <P ALIGN="LEFT"><FONT FACE="Trebuchet MS" SIZE="13" COLOR="#000000">Good </FONT></P> 	r   {_E`2R          (  <P ALIGN="LEFT"><FONT FACE="Trebuchet MS" SIZE="13" COLOR="#000000">Fair </FONT></P> 	r   |_O`2R          (  <P ALIGN="LEFT"><FONT FACE="Trebuchet MS" SIZE="13" COLOR="#000000">Poor </FONT></P> 	{   }g=_(2R          (  <P ALIGN="LEFT"><FONT FACE="Trebuchet MS" SIZE="13" COLOR="#000000">Not Applicable</FONT></P> 	N  ~  b  cJF  d+IL  eJH  fJV 	 gr2 
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       (J0D
& 3H_I0r>0EM&*8äN$LW YbNGT aēI$>_  0@nЦl6 	   O @    s,             ! $" 9ZJu @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ $ P@@ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ ?    @   	   ?    @ ?:           _root   mask N  bg N  gotoAndPlay R    /TΪ 1    6 qKt, bg  O.   `@    6 
ѕ chat_window x  @   ?:           _root   mask N  bg N  gotoAndPlay R  "yKt O  `@    6 ѕ message_window @   ?:           _root   mask N  bg N  gotoAndPlay R  t XV  `@    6 1ѕ discussion_window @    ?:           _root   mask N  bg N  gotoAndPlay R  Kt	\ 2W`j 3`@  5    6 ;й progress_window @    ?:           _root   mask N  bg N  gotoAndPlay R  Ytl <d`P >  ?`@    6 Hѕ notepad_window @   ?:           _root   mask N  bg N  gotoAndPlay R  t	 Iah K L`@    6 Tѕ search_window @   ?:           _root   mask N  bg N  gotoAndPlay R   t	 Ue W X`@    6 ^ѕ calendar_window @    ?:           _root   mask N  bg N  gotoAndPlay R  .t| _d ``@    6 ʜ feed_back w  @     w ?:           _root   mask N  bg N  gotoAndPlay R @  ?:           _root   mask N  bg N  gotoAndPlay R       6 R
 quit @      6  mask  4   e眆` k(  -h#d挽%°h1ZCм\5x 	x   g32         (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#FFFFFF"><B>Quit Demo</B></FONT></P>  .   \C f  Ry( A\ph#)2P
+i	x   g32         (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#FFFFFF"><B>Quit Demo</B></FONT></P> ;   \C f  (  f %p\z|     Oz(K`c淡xj 	x   g32         (  <P ALIGN="LEFT"><FONT FACE="Verdana" SIZE="12" COLOR="#FFFFFF"><B>Quit Demo</B></FONT></P>  (   \A \     O.AWޅ)2_    =                 lingo:go to frame 100   (BP @ @ @ @ ?E   Ub*x (  05-9t AN Ah˓G>H N 4st  p 	   
    > @  rGi @@  8N9 i @@  UUUU@i @@  q\qi @8@  Ɏ9c@i @@  ɪji @T@  q i @ @  xi @ p@ ?           i @  @      61   9%p  icon1 @ @ @ @ @ @ @ @    6@   9   icon2 @ @ @ @ @ @ @    6E   9Л  icon3 @ @ @ @ @ @ @    6J   =H& icon4 @ @ @ @ @ @    6O   =G(&! icon5 @ @ @ @ @ @ @ @    6T   =lX&) icon6 @ @ @ @ @ @ @    6Y   =&0 icon7 @ @ @ @ @ @ @    6^   =&7 icon15 @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ 2   
     7          _root   icon1 N  gotoAndPlay R 7   
       _root   icon1 N  gotoAndStop R    /  _root licensed gotoAndStop menu bg text mask          N R         N N R         N N R         N R >_M)Us	Y 2   
     7          _root   icon2 N  gotoAndPlay R 7   
       _root   icon2 N  gotoAndStop R    /  _root licensed gotoAndStop menu bg text mask          N R         N N R         N N R         N R CiUC	Y 2   
     7          _root   icon3 N  gotoAndPlay R 7   
       _root   icon3 N  gotoAndStop R    /  _root licensed gotoAndStop menu bg text mask          N R         N N R         N N R         N R HiUS	Y 2   
     7          _root   icon4 N  gotoAndPlay R 7   
       _root   icon4 N  gotoAndStop R    /  _root licensed gotoAndStop menu bg text mask          N R         N N R         N N R         N R M`CUSҌlY 2   
     7          _root   icon5 N  gotoAndPlay R 7   
       _root   icon5 N  gotoAndStop R    /  _root licensed gotoAndStop menu bg text mask          N R         N N R         N N R         N R R_cUClY 2   
     7          _root   icon6 N  gotoAndPlay R 7   
       _root   icon6 N  gotoAndStop R    /  _root licensed gotoAndStop menu bg text mask          N R         N N R         N N R         N R WN)UCPlY 2   
     7          _root   icon7 N  gotoAndPlay R 7   
       _root   icon7 N  gotoAndStop R    /  _root licensed gotoAndStop menu bg text mask          N R         N N R         N N R         N R \UUC٥lY 4   
     8          _root   icon15 N  gotoAndPlay R 8   
       _root   icon15 N  gotoAndStop R    /  _root licensed gotoAndStop menu bg text mask          N R         N N R         N N R 	        N R aeRY @ @ @ @ @ @ @ @ @ @ @ @ @ @ @    6c   =H\h icon16     
     8          _root   icon16 N  gotoAndPlay R 8   
       _root   icon16 N  gotoAndStop R    "  _root licensed gotoAndStop mask          N R         N R fō =[h    6h   =O[@h icon17     
     8          _root   icon17 N  gotoAndPlay R 8   
       _root   icon17 N  gotoAndStop R            _root   index N  gotoAndStop R kɑ( ]HXh @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ ?    
   end @   
