E-Book Accounting for kids daily life

ACCOUNTING FOR KIDS
IN DAILY LIFE

BY: TEACHER’S
ACCOUNTING

Your Teacher’s Accounting

TEACHER TEACHER TEACHER
AUNI MILA RIN

(LEADER)

TEACHER TEACHER TEACHER
FARHANA PIQA AL-FISYAH

TABLE OF CONTENTS

01
02
03
04
05
06
07

What is accounting? INTRODUCTION
• Accounting is a system that
identifies, records and
communicates the information that
is relevant, reliable and comparable
to help the users make the best
decisions.
• Accounting is necessary
function for internal and external
users to make decision, to plan cost
and also as a measurement of
economic performance of a
company.
• Every accountant follows a
set of standards which is known as
Generally Accepted Accounting
Principle.

History of Accounting LUCA PACIOLI

• Accounting history dates back to
ancient civilizations in Mesopotamia, Egypt and
Babylon
• However, modern accounting as a
profession has only been around since the
early 19th century.
• Luca Pacioli who is considered as
"The Father of Accounting " due to his
contributions to development of accounting
after he published a book about the double-
entry system of bookkeeping in 1494.
• By 1880, the modern profession of
accounting was fully formed and recognized
by the Institute of Chartered Accountants in
England and Wales. Many system of
accounting that has been use were created by
this institute

“.”

PART 2:
Accounting
in Children
perpectives

Accounting is important for

Children in daily life, there have

to learn how to manage their

money. So, where the place the

Accounting knowledge is use to
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Despite being red, Mars is Activties Feedbak
ually a cold place
Jupiter is the biggest Saturn is composed of
planet in the Solar System hydrogen and helium

NEPTUNE MERCURY

Neptune is the Mercury is the
farthest planet smallest planet in
from the Sun the Solar System

Mercury Neptune

Mercury is the Neptune is the
smallest planet in farthest planet
our Solar System from the Sun

PART 3:
The Significance

Of Accounting
Knowledge to

Children

Base on the situation, a father tell his daughter about to save
money and the importance of it’s in future. Some kids love to
save money, others don’t. As a parents they have to show to
the kids the importance of setting a goal, budgeting and saving
money. It’s important to make saving money more fun, so that
they more interested to save the money. And earlier parents
have to start teaching the kids to save money for their
education fund better.

As a parents, they have to always talk about money with them
because the rising cost of living in future. The kids won’t want
to save money unless you talk to them why money is important
in our life. You do want them to learn about the value of money.
For the most part kids only see their parents spend money and
most don’t know how they was earned or how quickly it can
disappear. Teaching them the value of money at early age can
help them to understand about the importance of saving, which
will contribute to their success later in life.

Parents also can help the kids prioritize which is we help them
to write down a wish list of things they want to buy. Establishing
a way to save money will help them about short-term and long-
term goal. For the example, they have to set a long-term goal
which is to continue their study in university. So that, they have
their own target to achieve in future and they will want more to
save the money. A short-term goal might be to set aside money
for toy. A long-term goal might be setting aside money for
laptop or education fund.

OUR MISSION AND
VISION

MISSION

The children can manage and
apply the knowledge in their
life

VISION

TO TEACH CHILDREN
ABOUT ACCOUNTING

PART 4: How to
Attract children
Interest in
Studying
Accounting

01 03 05

Make a Use piggy teach the
savings bank to kids about
goal save value of
chart in money money
their life

02 04

Make parents
learning offer them
fun rewards
through when they
games saving
money

How to Attract children interest in studying Accounting

Make learning fun Games involving accounting
through games like Monopoly can expose
children to the responsible
Savings accounts can help owning their own money, saving
children develop the habit of money and spending money
saving, instead of spending it wisely. It can help children to
all their money. Through learn a positive attitude towards
bank savings, children can money
differentiate between credit or
debit. Create a children's
savings account
Recognize and
celebrate For example, celebrate children
achievement when children can to
achievements complete the account test. Always
use positive reinforcement to
motivate learning with children.
This is important for children
development.

PART 5:
What knowledge
or information
that children
need to have?

Classification of Accounting

In this part, we want to introduce the children
the basic of items in accounting. This basic is
very important to understand almost all the
knowledge of Accounting. If they don’t
understand about the basic in Accounting,
they were lost to learn about Accounting.
Okay, Let Go!

t
e

An asset is a resource owned by an
individual or business that provides
present or future value.

CURRENT ASSETS NON – CURRENT ASSETS
are a company's long-term investments for
all the assets of a company that are expected to be sold which the full value will not be realized within
or used as a result of standard business operations over
the accounting year.
the next year

INVENTORY ACCOUNT RECEIVABLE LAND BUILDING
FURNITURE
BANK CASH CAR

Owner’s Equity is defined as the Despite being red, Mars is
proportion of the total value ToHIfSaIS A MAP actually a cold place
company’s assets that can be
claimed by its owners (sole Jupiter is the biggest
proprietorship or partnership) and planet in the Solar System
by its shareholders (if it is a
corporation). Neptune is the farthest
planet from the Sun

Owner’s equity can be calculated as follows:
Owner’s equity = Assets – Liabilities

any debts your company has, whether it's bank loans, mortgages,
unpaid bills, IOUs, or any other sum of money that you owe
y someone else.

CURRENT LIABILITIES NON- CURRENT LIABILITIES

ACCOUNT OVERDRAFT LOAN
PAYABLE BANK

MORTGAGE

the income generated from normal
business operations and includes
discounts and deductions for returned
merchandise

FOR EXAMPLE:

RENTAL REVENUE RECEIVE COMMISSION

the cost of operations that a
company incurs to generate
revenue.

FOR EXAMPLE:

SALARY EXPENSES UTILITIES EXPENSES

You have remember:
A.E.L.O.R FORMULA

BALANCE B/B BALANCE B/B
(DEBIT) (CREDIT)

ASSETS LIABILITIES

EXPENSES OWNER’S EQUITY

REVENUE

PART 6:





Want LET TRY IT!
more
https://wordwall.net/play/17356/926/558
Games? https://wordwall.net/play/17358/057/170
https://wordwall.net/play/17358/657/388

ONLINE GAMES 1: MATCHING

Online Games 2: Film

Online Games 3: Find the Words

CONCLUSION

• Accounting is a profession
whose needs responsibility to help
users to maintain their business
financial.
• Accountants are responsible to
help company maintain their records
of transactions and compiling those
transactions into financial statements.
• We need to encourage children
to take accounting as their major, so
that our country will become one of
the developed countries in the field of
accounting.

References

JOURNAL

> ISMAIL, H. (1983). Pendedahan dalam Perakaunan di Malaysia –
Satu kajian Awal. Jurnal Pengurusan, 20.

BOOK

> SANGSTER, A. (2018). Business Accounting. United Kindom: Pearson.

INTERNET SOURCE
➢ Davis, M. (2017, May 12). Accountig Activities for Kids. Retrieved from

Sapling: https://www.sapling.com/12003624/accounting-activities-kids
➢ Facts, K. E. (2021, May 14). Accounting facts for kids. Retrieved from

Kiddle: https://kids.kiddle.co/Accounting
➢ HOOD, E. (2015, February 5). A Kid's Guide to Accounting. Retrieved

from IGNITESPOT: https://www.ignitespot.com/kids-guide-to-
accounting

Organisation Chart of Project E-Book

GROUP 9

NUR AUNI NABIHAH BINTI ZAKARIA
D20201093501

DIRECTOR OF PROJECT

NURSYAFIQA BINTI NOR SYAMILA FAIRUZ FARHANA NURUL AZRIN FAIQAH NUR-ALFISYAH BINTI
AHMAD SOFIAN BINTI MOHD NOOR BINTI JASNI BINTI ABU BAKAR SUZARI
D20201093526 D20201093536 D20201093516
D20201093523 D20201093500

Thank
You!!!!

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infographics & images by Freepik.