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Concept Maps

Introduction to Accounting — Concept Maps

ICSE · Class 11 · Accountancy

4 concept maps of Introduction to Accounting for ICSE Class 11 Accountancy, each also written out as a text outline.

91 questions40 flashcards5 concepts

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4 Concept Maps

Chapter 1: Introduction to Accounting – Complete Mind Map

Chapter 1: Introduction to Accounting – Complete Mind Map

The map in words

  • Introduction to Accounting
    • Book-Keeping
      • Identify Financial Transactions
      • Measure in Money Terms
      • Record in Journal
      • Classify in Ledger
      • Founder: Lucas Pacioli
    • Accounting
      • All of Book-Keeping
      • Summarise via Trial Balance
      • Analyse Results
      • Interpret Data
      • Communicate to Users
    • Accountancy
      • Widest Scope
      • Covers Book-Keeping
      • Covers Accounting
      • Principles and Practices
      • Kohler Definition
    • Users of Accounting
      • Internal Users
        • Owners or Proprietors
        • Management
        • Employees
      • External Users
        • Direct Interest
          • Potential Investors
          • Public
          • Competitors
        • Indirect Interest
          • Government
          • Banks
          • Tax Authorities
          • Creditors
          • Society
    • Branches of Accounting
      • Financial Accounting
        • Records All Transactions
        • Prepares Final Accounts
      • Cost Accounting
        • Controls Product Cost
        • Decision Making
      • Management Accounting
        • Ratio Analysis
        • Budgetary Control
        • Cash Flow Statement
    • Evolution
      • 4000 BC: Babylonia and Egypt
      • 2000 BC: China
      • 4th Century BC: India Arthashastra
      • 1494: Pacioli Summa Venice
      • 1543: English Translation
      • 1795: Edward Jones

This flowchart shows the sequential steps involved in the book-keeping process, from identifying transactions to classifying them in the ledger.

This flowchart shows the sequential steps involved in the book-keeping process, from identifying transactions to classifying them in the ledger.

The map in words

  • Identify Financial Transactions
    • Measure in Terms of Money
      • Record in Journal
        • Classify in Ledger
          • Book-Keeping Complete

This flowchart shows how accounting builds upon book-keeping, starting with recorded data and progressing through analysis and communication to users.

This flowchart shows how accounting builds upon book-keeping, starting with recorded data and progressing through analysis and communication to users.

The map in words

  • Book-Keeping: Recording & Classification
    • Summarizing the Data
      • Preparing Trial Balance
        • Preparing Final Accounts
          • Analyzing Results
            • Communicating to Users
              • Accounting Complete

Accounting and its foundation in book-keeping, accountancy, users, branches, and evolution

Accounting and its foundation in book-keeping, accountancy, users, branches, and evolution

The map in words

  • Accounting and its foundation in book-keeping, accountancy, users, branches, and evolution
    • Accountancy
    • Book-Keeping
    • Accounting
    • Users of Accounting Information
    • Sub-Fields of Accounting
    • Evolution of Accounting
    • Advantages and Limitations

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Frequently Asked Questions

What are the important topics in Introduction to Accounting for ICSE Class 11 Accountancy?
Key topics in Introduction to Accounting include Meaning of Accountancy, Book-Keeping, and Accounting, Definitions of Book-Keeping and Accounting, Characteristics and Activities of Accounting, Difference between Book-Keeping and Accounting. Study these first, then practise questions on each for Class 11 exams.
What do the concept maps for Introduction to Accounting show?
The 4 maps show how the ideas in Introduction to Accounting connect: Chapter 1: Introduction to Accounting – Complete Mind Map; This flowchart shows the sequential steps involved in the book-keeping process, from identifying transactions to classifying them in the ledger.. Each map is also written out as an outline on this page.
How should I revise Introduction to Accounting for Class 11 exams?
Learn the core ideas first, then work through the 91 practice questions on Introduction to Accounting. Revise definitions regularly and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

More resources for Introduction to Accounting

All ICSE Class 11 Accountancy Concept Maps

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