In FA essentially what you’ll learn is the act of building the documents.
It coming from the act of using the data, how to capture it, how to classify it, how to summarize it
FA is the act of preparing the financial statement, that’s the output.
MA is the act of making sense of it, using/processing the data.
The basis of accounting is book-keeping. Imagine businesses operating, these operation happened to be having transactions, these transactions must be captured. The nature of capturing transactions is called Book-keeping.
Accounting Cycle, handle FA1.
| Topics | |
|---|---|
| FA1 | |
| MA1 | |
| FA2 | |
| MA2 |