tailieunhanh - Lecture Financial accounting - Chapter 1: Accounting activities and financial statements

After completing this chapter you should be able to: Principal activities of business firms, understanding four financial statements, the users of financial statements, the financial reporting reform, the types of business entity,.and other contents. | Chapter 1 Accounting Activities and Financial Statements The Financial Statements Objectives of the Chapter 1. Principal activities of business firms. 2. Understanding four financial statements. 3. The users of financial statements. 4. The financial reporting reform. 5. The types of business entity. 6. The authorities prescribing accounting standards and the need for international accounting standards. 7. Accounting concepts and principles. Overview of Financial Statements I. Principal Activities of Business Firms Establishing Corporate Goals and Strategies Obtaining Financing (from owners and creditors) Making Investments (., Investments, Purchase of Property, Plant and Equipment, Purchase of Intangibles, etc.) Carrying Out Operations (., purchase of materials/inventory, production, marketing and administration) Overview of Financial Statements 2. Understanding Four Financial Statements Q1: What is accounting? An information system to account for business . | Chapter 1 Accounting Activities and Financial Statements The Financial Statements Objectives of the Chapter 1. Principal activities of business firms. 2. Understanding four financial statements. 3. The users of financial statements. 4. The financial reporting reform. 5. The types of business entity. 6. The authorities prescribing accounting standards and the need for international accounting standards. 7. Accounting concepts and principles. Overview of Financial Statements I. Principal Activities of Business Firms Establishing Corporate Goals and Strategies Obtaining Financing (from owners and creditors) Making Investments (., Investments, Purchase of Property, Plant and Equipment, Purchase of Intangibles, etc.) Carrying Out Operations (., purchase of materials/inventory, production, marketing and administration) Overview of Financial Statements 2. Understanding Four Financial Statements Q1: What is accounting? An information system to account for business transactions and to communicate the financial information to users. Q2: How do accountants communicate financial information to users? Overview of Financial Statements Annual Financial Reports Public firms communicate their financial information via the annual reports to shareholders. The content of an annual report includes: A letter to shareholders from the CEO (., IBM 2008 Annual Report, p1-9). Management’s Discussion and Analysis (MD&A) (., IBM 2008 Annual Report, p18-57). Overview of Financial Statements Annual Financial Reports (contd.) Report of Management (., on the effectiveness of Internal control; required by Sarbanes-Oxley Act of 2002). (IBM 2008 Annual Report, p58) Report of Independent Registered Public Accounting Firm. (., IBM 2008 Annual Report, p59) Audited Consolidated Financial statements and Notes. (., IBM 2008 Annual Report60-119) Overview of Financial Statements The Four Financial Statements 1. Consolidated Income Statement 2. .

• Kế toán - Kiểm toán
• Lecture Financial accounting
• Financial accounting
• Accounting activities
• Financial statements
• Business firms
• The financial reporting reform
• Issues in financial accounting
• Kế toán tài chính
• Accounting standards
• Financial reporting
• Financial Accounting Standards Board
• Fundamental financial accounting
• Lecture Fundamental financial accounting concepts
• Financial statement
• Accounting cycle
• Accounting for accruals
• Accounting system
• Financial accounting practice
• Accounting information system
• Accounting terminology
• Reporting financial results
• Evaluating liquidity
• Accounting information
• Management accounting
• Accounting equation
• Lecture Advanced financial accounting
• Bài giảng Kế toán tài chính nâng cao
• Advanced financial accounting
• Accounting policies
• Accounting estimate
• Retrospective application
• Changes in accounting estimates
• Retrospective restatements
• Accounting systems
• Decision making
• External financial reporting
• Accounting for business
• Lecture Accounting for business
• Financial accounting reports
• Statement of financial performance
• Accrual accounting systems
• Statement of financial position
• Internal control
• Accounting for cash
• Accounting for receivables
• Computing uncollectible accounts expense
• Long term debt
• Accounting for long term debt
• Language of business
• Double entry accounting system
• Credit terminology
• Merchandising businesses
• Accounting for merchandising businesses
• Accounting for inventories
• Cash discounts
• The accounting cycle
• International financial reporting standards
• Financial system
• Lecture Accounting and financial system
• Accounting process
• Ledger accounting
• Trial balance
• Completing the accounting cycle
• Accounting worksheet
• Classified balance sheet