tailieunhanh - Lecture Accounting: Tools for business decision making (5th edition): Chapter 1 - Kimmel, Weygandt, Kieso

Chapter 1 - Introduction to financial statements. After studying this chapter, you should be able to: Identify the forms of business organization and the uses of accounting information, explain the three principal types of business activity, describe the four financial statements and how they are prepared. | INTRODUCTION TO FINANCIAL STATEMENTS Accounting, Fifth Edition 1 After studying this chapter, you should be able to: Describe the primary forms of business organization. Identify the users and uses of accounting information. Explain the three principal types of business activity. Describe the content and purpose of each of the financial statements. Explain the meaning of assets, liabilities, and stockholders’ equity, and state the basic accounting equation. Describe the components that supplement the financial statements in an annual report. Learning Objectives Preview of Chapter 1 Accounting Fifth Edition Kimmel Weygandt Kieso LO 1 Describe the primary forms of business organization. Forms of Business Organization In choosing the organizational form for your outdoor guide service, you should consider the pros and cons of each. Identify each of the following organizational characteristics with the organizational form or forms with which it is associated. 1. Easier to raise funds. 2. Simple to establish. 3. No personal legal liability. 4. Tax advantages. 5. Easier to transfer ownership. LO 1 Describe the primary forms of business organization. Corporation. Sole proprietorship and partnership. Corporation. Sole proprietorship and partnership. Corporation. Solution Users and Uses of Financial Information LO 2 Internal Users Illustration 1-1 Questions that internal users ask Users and Uses of Financial Information LO 2 External Users Illustration 1-2 Questions that external users ask Ethics In Financial Reporting United States regulators and lawmakers were very concerned that the economy would suffer if investors lost confidence in corporate accounting because of unethical financial reporting. Recent financial scandals include: Enron, WorldCom, HealthSouth, AIG, and others. Congress passed Sarbanes-Oxley Act of 2002. Effective financial reporting depends on sound ethical behavior. Users and Uses of Financial Information LO 2 Identify the users and uses of accounting . | INTRODUCTION TO FINANCIAL STATEMENTS Accounting, Fifth Edition 1 After studying this chapter, you should be able to: Describe the primary forms of business organization. Identify the users and uses of accounting information. Explain the three principal types of business activity. Describe the content and purpose of each of the financial statements. Explain the meaning of assets, liabilities, and stockholders’ equity, and state the basic accounting equation. Describe the components that supplement the financial statements in an annual report. Learning Objectives Preview of Chapter 1 Accounting Fifth Edition Kimmel Weygandt Kieso LO 1 Describe the primary forms of business organization. Forms of Business Organization In choosing the organizational form for your outdoor guide service, you should consider the pros and cons of each. Identify each of the following organizational characteristics with the organizational form or forms with which it is associated. 1. Easier to raise funds. 2. .

• Kế toán - Kiểm toán
• Financial Statements
• Making business decision
• Business decision tool
• Lecture Accounting
• Business organization
• Business activities
• Working with Financial Statements
• Statements Cash Flow
• Standardized Financial Statements
• The DuPont Identity
• Using Financial Statement Information
• Principle of accounting
• Lecture Principle of accounting
• The basic financial statements
• Statements of financial position
• Statements of comprehensive income
• Lecture Accounting 1
• Financial accounting
• Preparation financial statements
• Balancing ledger account
• Financial system
• Lecture Accounting and financial system
• Interpretation of financial statements
• Financial records
• Government grants
• Personal financial planning
• Personal financial
• Lecture Personal financial planning
• Financial planning
• Financial statements analysis
• Principles of financial accounting
• Accounting information
• Analysis of financial statements
• Trend analysis
• Independent external auditor
• Financial statements’ preparers
• Financial statements’ users
• Users of financial statements in Saudi Arabia
• Substantial audit expectation
• Summary of PhD thesis
• Thesis summary of Doctor of Accounting
• Auditing of financial statements
• Auditing time of financial statements
• Accounting in practice
• Lecture Accounting in practice
• Statement of cash flow
• Accounting principles
• Fundamental accounting principles
• Lecture Fundamental accounting principles
• Horizontal analysis
• Audited financial statements
• Group financial statements
• Auditing services
• Assurance services
• Contemporary auditing environment
• Financial statement audit
• Financial statements statements
• The accounting information system
• Accrual accounting concepts
• Analyzing inventory
• The factors affect
• The quality of financial statements audit
• Vietnam businesses
• Especially the financial markets
• Financial statements audit in enterprises
• financial services
• financial ratios
• corporate governance
• financial management
• financial environment markets
• Lecture Financial accounting
• Business entity
• Accounting equation
• Financial statement articulation
• Accounting activities
• Business firms
• The financial reporting reform
• Fundamentals of financial management
• Financial statement
• Quản lý tài chính
• Ratio analysis
• Financial Reporting
• Framework of financial reporting
• Lecture Framework of financial reporting
• Regulatory system
• Financial statements comprises