Enterprise Resource Planning/Accounting/1

Introduction to the accounting equation
This is a lesson part of the module ERP Accounting out of the Open Source ERP/Executive Masters course conducted by a private university.

Topics

 * The accounting equation is the basis for book keeping and all accounting. A strong fundamental understanding of this equation and its application is the difference between having a passing understanding of accounting versus being able to add value, and squeezing the maximum benefit from OSS ERP.

Discussion

 * Why is "book keeping" also called the "double entry system" ?
 * Can you name some of the benefits of adopting the "double entry system" ?

Activities

 * Publish your works in an attractive manner in your user page, stating your own views and findings providing links to your sources. Use the talk page here to score marks.
 * Create or edit sub-pages of course materials within wikiversity.
 * Discuss in the forum (link shall be provided) by offering your ideas and answering or comment on others' postings.
 * Work through all the drills from AccountingCoach.

Links to Student Notes
(Provided by Students - subject to edit ranking by tutor)

Notable Links to Resources
(Provided by Students - subject to edit ranking by tutor)

Sub-Pages
(Done in wikiversity as course material by the students under the guidance of the tutor)