tailieunhanh - Lecture Principles of accounting (2005): Chapter 1 - Needles, Powers, Crosson

Chapter 1 - Uses of accounting information and the financial statements. Chapter 1 explores the nature and environment of accounting, with special emphasis on the users and uses of accounting information. It introduces the four basic financial statements, the concept of accounting measurement, and the effects of business transactions on financial position. This chapter concludes with a discussion of ethical considerations in accounting and a supplement entitled "How to Read an Annual Report." | Uses of Accounting Information and the Financial Statements Multimedia Slides by: Gail A. Mestas, MAcc, New Mexico State University Chapter 1 1– Learning Objectives Define accounting, identify business goals and activities, and describe the role of accounting in making informed decisions. Identify the many users of accounting information in society. Explain the importance of business transactions, money measure, and separate entity to accounting measurement. Identify the three basic forms of business organization. 1– Learning Objectives (cont’d) Define financial position, state the accounting equation, and show how they are affected by simple transactions. Identify the four financial statements. State the relationship of generally accepted accounting principles (GAAP) to financial statements and the independent CPA’s report, and identify the organizations that influence GAAP. Define ethics and describe the ethical responsibilities of accountants. 1– Accounting as an . | Uses of Accounting Information and the Financial Statements Multimedia Slides by: Gail A. Mestas, MAcc, New Mexico State University Chapter 1 1– Learning Objectives Define accounting, identify business goals and activities, and describe the role of accounting in making informed decisions. Identify the many users of accounting information in society. Explain the importance of business transactions, money measure, and separate entity to accounting measurement. Identify the three basic forms of business organization. 1– Learning Objectives (cont’d) Define financial position, state the accounting equation, and show how they are affected by simple transactions. Identify the four financial statements. State the relationship of generally accepted accounting principles (GAAP) to financial statements and the independent CPA’s report, and identify the organizations that influence GAAP. Define ethics and describe the ethical responsibilities of accountants. 1– Accounting as an Information System Objective 1 Define accounting, identify business goals and activities, and describe the role of accounting in making informed decisions 1– Accounting is an information system that measures processes communicates financial information about an identifiable, economic entity 1– Accounting supplies the information decision makers need to make reasoned choices among alternative uses of scarce resources in the conduct of business and economic activities 1– Accounting Is a link between business activities and decision makers Decision makers use accounting information to make informed decisions about available alternatives Measures business activities by recording data about them for future use Is communicated to decision makers through reports 1– Accounting as an Information System Input Output Accounting System 1– Business Goals, Activities, and Performance Measures Business An economic unit that aims to sell goods and services to customers at prices .

• Kế toán - Kiểm toán
• Principles of accounting
• Lecture Principles of accounting
• Nguyên lý kế toán
• Financial statements
• Accounting information
• Accounting principles
• Fundamental accounting principles
• Lecture Fundamental accounting principles
• Accounting information systems
• Fundamental system principles
• Technology based accounting systems
• Financial accounting
• Managerial accounting
• Managerial cost
• Reporting manufacturing activities
• Merchandising operations
• Accounting cycle
• Completing the accounting cycle
• Classified balance sheet
• Accounting for partnerships
• Partnership form of organization
• Basic partnership accounting