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Title: Microsoft PowerPoint - Accounting Equation PowerPoint.ppt [Compatibility Mode] Author: DlMartin Standing Ovation Award: "Best PowerPoint Templates" - Download your favorites today! Examples of problem-solving in accounting may include identifying transactional errors that may cause accounts to be out of balance and resolving bank reconciliation errors. existing accounting standards under Companies (Accounting Standard) Rules, 2006 and IFRS converged Indian Accounting Standards(Ind AS). Example: We do not record a transaction each time we use a sheet of paper as an Office Supply Expense; instead we wait until we purchase a large quantity and then expense it. Accounting flowchart is a system of processes to represent accounting system of an organization. You can use the accounting presentations in PowerPoint or Google Slides. 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As per the accrual principle, the sales should be recorded during the period, not when the money would be collected. Accounting Basics Rania A. Azmi E-mail: firstname.lastname@example.org University of Alexandria, Department of Business Administration Financial (Accounting) Statements Financial or Accounting statements are used for reporting corporate activity. Examples include rent, salaries and wages, insurance, electricity, utilities, and the like. Cost Behavior: Analysis and Use Check out the following PowerPoint templates to aid in the creation of simple PowerPoint designs for accounting and other business-related lectures. The Statements contained are: Trial Balance: Register Credits and Debits for your books. Problem-solving is necessary for accounting to ensure accuracy, consistency and ethical practice. 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