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