Đang chuẩn bị liên kết để tải về tài liệu:
Lecture Survey of accounting (3/e) - Chapter 1: An introduction to accounting

After you have mastered the material in this chapter, you will be able to: Explain the role of accounting in society; construct an accounting equation using elements of financial statement terminology; record business events in general ledger accounts organized under an accounting equation; classify business events as asset source, use, or exchange transactions; use general ledger account information to prepare four financial statements; record business events using a horizontal financial statements model. | McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 1: An Introduction to Accounting Explain the role of accounting in society. Construct an accounting equation using elements of financial statement terminology. Record business events in general ledger accounts organized under an accounting equation. Classify business events as asset source, use, or exchange transactions. Use general ledger account information to prepare four financial statements. Record business events using a horizontal financial statements model. Learning Objectives In this chapter, the learning objectives are: Explain the role of accounting in society. Construct an accounting equation using elements of financial statement terminology. Record business events in general ledger accounts organized under an accounting equation. Classify business events as asset source, use, or exchange transactions. Use general ledger account information to prepare four financial . | McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 1: An Introduction to Accounting Explain the role of accounting in society. Construct an accounting equation using elements of financial statement terminology. Record business events in general ledger accounts organized under an accounting equation. Classify business events as asset source, use, or exchange transactions. Use general ledger account information to prepare four financial statements. Record business events using a horizontal financial statements model. Learning Objectives In this chapter, the learning objectives are: Explain the role of accounting in society. Construct an accounting equation using elements of financial statement terminology. Record business events in general ledger accounts organized under an accounting equation. Classify business events as asset source, use, or exchange transactions. Use general ledger account information to prepare four financial statements. Record business events using a horizontal financial statements model. Financial Resources Investors Ownership Interests Creditors Claims to Resources Businesses (conversion agents) need financial resources (money) to get started and to operate. Investors and creditors provide financial resources. Investors provide financial resources in exchange for ownership interests in businesses. Owners expect businesses to return to them a share of the business income earned. Creditors lend financial resources to businesses. Instead of a share of business income, creditors expect businesses to repay borrowed resources at a future date. Accounting Provides Information Financial Accounting Focused on the needs of external users Managerial Accounting Focused on the needs of internal users Stakeholders such as investors, creditors, lawyers, and financial analysts exist outside of and separate from the businesses in which they are interested. The accounting information these external