tailieunhanh - Issues in Financial Accounting (2)

Financial Accounting and. 1 Accounting Learning. Learning Objectives. Objectives. 1. Identify the major financial statements and other means of financial. reporting 2. Explain how accounting assists in the efficient use of scarce resources 3. Identify the objective of financial reporting 4. Explain the need for accounting standards 5. Identify the major policy-setting bodies and their role in the standard-. setting process 6. Explain the meaning of generally accepted accounting principles. (GAAP) and the role of the Codification for GAAP 7. Describe the impact of user groups on the rule-making process 8. Describe some of the challenges facing financial reporting 9. Understand issues related to ethics and financial accounting1-2 Financial. Financial Accounting. Accounting and. and Accounting. Accounting Standards. Standards. Financial Generally. Statements and Parties Involved in Accepted Issues in Financial. Financial Standard-Setting Accounting Reporting. Reporting Principles Accounting and Securities and FASB Codification Political. capital allocation Exchange environment. Commission. Objectives Expectations gap. American Institute. Need to develop Financial reporting. of CPAs. standards challenges. Financial. International. Accounting. accounting. Standards Board. standards. Changing role of. Ethics. the AICPA1-3 Financial. Financial Statements. Statements and. and Financial. Financial Reporting. Reporting Essential characteristics of accounting are: (1) the identification, measurement, and communication. of financial information about (2) economic entities to (3) interested parties1-4 LO 1 Identify the major financial statements and other means of financial reporting. Financial. Financial Statements. Statements and. and Financial. Financial Reporting. ReportingEconomic Entity Financial Statements Additional Information Financial Balance Sheet President’s letter. Information. Income Statement Prospectuses. Accounting?. Statement of Cash Reports filed with. Identifies Flows governmental. and agencies. Statement of. Measures Owners’ or

• Sáng kiến kinh nghiệm
• Issues in economics today
• Lecture Issues in economics today
• Macroeconomic issues
• International issues
• Price control issues
• Opportunity cost
• Demand model
• Elasticity of demand
• Firm production
• Perfect competition
• Gross domestic product
• Federal spending
• Fiscal policy
• Monetary policy
• Flaws in the CPI
• International trade
• International monetary fund
• Trade agreements
• Economic model
• Environmental problems
• Economic models of health care
• Medicaid costs
• Public insurance
• Prescription drugs
• Economics of crime
• Human capital
• Measuring poverty
• Social security
• Head start
• Affirmative action