EASES- connecting Europe and Africa through Technology, Business and Talents.
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Euro-Afric Systems Enterprises
Financial
Accounting
Our services include:
- Web design
- Desktop publishing
- Logo design
- I.T. & Internet training
- PC repairs & upgrades
- PC sales & accessories
- PC network install
- Systems support
- Project planning
- Business & charity setup
- Financial accounting
- Management training
- CV writing
- Advertisements
Research and info:
- Setting
up a business is like growing this coconut tree, expecting it to yield fruits
for sale.
- You need to know how much resources or inputs go into the entire process. This
is the cost or expenditure aspect.
- You also need to know how much you receive from the coconut business. This
is the income or revenue aspect.
- For a "givien period" or at a "specific point in time", you will need to determine how well or how badly the coconut business is doing. This will enable you to decide whether or not to continue with the business.
This basically involves counting all your costs on the one hand, and counting
all the income or revenue on the other.
In financial accounting:
Profit or Loss = total income or revenue less total cost.
- If total income or revenue is more than total cost, this means profit.
- If total cost is more than total income or revenue, then you have make a loss.
In real situation, business is much more complex than "the coconut tree" situation shown above.
What is Financial Accounting?
It involves "setting up and operating a system for collecting, measuring
and recording an enterprise's transactions, and summarising and communicating
the results of these transactions to users for financial/ economic decisions".
Thomas, A (An Introduction to Finanacial Accounting 3rd Ed.), the McGraw-Hill
Companies.
We provide financial accounting services for both commercial and charitable/ not-for-profit organisations. This includes:
- Basic book keeping/ accounting
- Budget projections and budgetary control
- Cash flow analysis
- Bank reconciliation statements
- Profit and loss (Income and Expenditure) statements
- Balance sheet
- Management reports, etc.
For more information, please click about the proprietor.