L4 Agribusiness Integrated Management of a Small Agricultural Enterprise Part 1 hlayiso.com

AGRIBUSINESS L4 INTERGRATED MANAGEMENT OF SEFIKENG CAMPUS A SMALL AGRICULTURAL MOSHODI ML ENTERPRISE Downloaded from hlayiso.com

A SIMPLE COMPUTERISED ACCOUNTING SYSTEM –SO 1.1 –LO 1.1.2 Downloaded from hlayiso.com

UNIT 1.2 A SIMPLE COMPUTERISED ACCOUNTING SYSTEM – Working with money is part of our everyday life. We earn money(INCOME) and we spend money(EXPENDITURE). – Every person should keep some records of how much money is earned and how much money is spent. Downloaded from hlayiso.com

UNIT 1.2 A SIMPLE COMPUTERISED ACCOUNTING SYSTEM – When you run a business, you work with money every day, for the business to run successfully, you need to keep complete records of the finances. – At all times you must be able to determine the profitability of the business. As the manager, you want to know how much money is in the business bank account, how much the business owes and how much is owed to the business. Downloaded from hlayiso.com

UNIT 1.2 A SIMPLE COMPUTERISED ACCOUNTING SYSTEM – Profitability- yielding a profit – Accounting – the process of keeping records of all business transactions. Financial information is gathered , processed and summarised into financial statements and reports Downloaded from hlayiso.com

UNIT 1.2 A SIMPLE COMPUTERISED ACCOUNTING SYSTEM THREE Basic Financial statements:  Income statement  Balance sheet  Cash flow statement  Individual enterprise statement/ budget Downloaded from hlayiso.com

UNIT 1.2 A SIMPLE COMPUTERISED ACCOUNTING SYSTEM  Enterprise is a division of a business. Like in our AgriVillage, we have TWO types of enterprises(Animal and Crop enterprise) Downloaded from hlayiso.com

UNIT 1.2 A SIMPLE COMPUTERISED ACCOUNTING SYSTEM ACTIVITY FOR THE DAY: 1. DEFINE THE FOLLOWING TERMS: a. Income statement (2) b. Balance sheet (2) c. Cash flow statement (2) d. Individual enterprise budget (2) 2. Please explain the purpose of Individual enterprise budget in accounting (4) [13] Downloaded from hlayiso.com

Thank you Moshodi M.L Downloaded from hlayiso.com