tailieunhanh - General Information Manual Basic Accounting Concepts and Introduction to Punched Card Accounting Applications

Earnings occupy a central position in accounting. It is accounting's summary measure of a firm's performance. Despite theoretical models that value cash flows, accounting earnings is widely used in share valuation and to measure performance in management and debt contracts. Various explanations have been advanced to explain the prominence of accounting earnings and the reasons for its usage. An example is that earnings reflects cash flow forecasts (., Beaver, 1989, p. 98; and Dechow, 1994) and has a higher correlation with value than current does cash flow (., Watts, 1977; and Dechow, 1994). In this paper we discuss the use of. | General Information Manual Basic Accounting Concepts and Introduction to Punched Card Accounting Applications General Information Manual Basic Accounting Concepts and Introduction to Punched Card Accounting Applications 1961 by International Business Machines Corporation PREFACE This manual contains a brief introduction to general accounting principles to provide the reader with a better background for the study of IBM punched card data processing applications. It also covers the basic objectives and terms used in seven common accounting applications. The material presented should prove helpful in fully understanding other manuals dealing with data processing procedures and should be referred to while reading .