Enterprise Resource Planning/Accounting/1

Completion status: this resource is ~50% complete.

Educational level: this is a tertiary (university) resource.

Subject classification: this is an information technology resource.

Introduction to the accounting equation

This is a lesson part of the module ERP Accounting out of the Open Source ERP/Executive Masters course conducted by a private university.

Topics

• The accounting equation is the basis for book keeping and all accounting. A strong fundamental understanding of this equation and its application is the difference between having a passing understanding of accounting versus being able to add value, and squeezing the maximum benefit from OSS ERP.

Discussion

• Why is "book keeping" also called the "double entry system" ?
• Can you name some of the benefits of adopting the "double entry system" ?

Activities

• Publish your works in an attractive manner in your user page, stating your own views and findings providing links to your sources. Use the talk page here to score marks.
• Create or edit sub-pages of course materials within wikiversity.
• Discuss in the forum (link shall be provided) by offering your ideas and answering or comment on others' postings.
• Work through all the drills from AccountingCoach.

Links to Student Notes

(Provided by Students - subject to edit ranking by tutor)

Notable Links to Resources

(Provided by Students - subject to edit ranking by tutor)

Sub-Pages

(Done in wikiversity as course material by the students under the guidance of the tutor)