Accounting is an activity in which money transactions are recorded, summarised and analysed so as to produce information for a variety of purposes.

These purposes include but not limited to:

• Making decisions of a financial nature

• Tracking and keeping control of the movement of money

• Working out how best to accumulate more wealth

• Providing information to the Taxation Office

Accounting is a vital and necessary process for businesses and individuals. Poor accounting processes most often leads to financial disaster.

The purpose of these webpages is primarily to provide learning materials for students studying financial management, or help and guidance to persons running non-profit organisations.

In addition to considerable information there is also a set of 23 exercises freely provided. However if you require answers to these exercises please click "exercise answers" on the right-hand menu, or click the banner advert at the top of this page. There is a $10 charge for the full set of exercise answers.