专业英语会计学Cha.ppt

WELCOME TO THE CLASS,Accounting in English,Instructor: Lu Jiuqin Public email box: Password: hdu2008 Private email: ,Why choose the course?,Graduate program preparation? CPA Examination? Work preparation? Credit? Follow other students?,What does the course provide?,General objective American accounting principle and financial accounting Specific objective Graduate entrance examination and CPA examination Work technique and competitiveness Additional objective Earning credit,Introduction to the course,Course introduction Accounting principle Financial accounting Total 12 chapters Emphasis: decision making Totally American accounting Time: Monday Academic hours and credit: 32 2 credits Score Final exam: 80% Assignment (individual assignment): 20% Attendance policy: 2 points/absence, application ahead exception,TEXTBOOK Financial & Managerial Accounting,The Basis for Business Decisions,FOURTEENTH EDITION,Williams Haka Bettner,Language issue,My preference examination and assignment: English oral language: Chinese Accounting professor not English professor,Class Study Method -depending on your goal,Forget about Chinese accounting Is it possible? Get the main idea of each chapter Finish assignment Self study Special terms Text reading,Final examination,Multiple choice True or false Exercise (tentative) Special terms,Question about the course?,ACCOUNTING: INFORMATION FOR DECISION MAKING,Chapter 1,Learning Objectives,Discuss the role of accounting information in making economic decisions and the significance of accounting systems in generating reliable accounting information. Explain the importance of financial accounting information for external parties primarily investors and creditors in terms of the objectives and the characteristics of that information. Explain the importance of managerial accounting information for internal parties primarily management in terms of the objectives and the characteristics of that information. Identify and discuss integrity of information system.,Accounting information,The accounting process,Decision makers,Economic activities,Actions (decisions),Accounting “links” decision makers with economic activities and with the results of their decisions.,Types of Accounting Information,Financial,Managerial,Tax,Information Users Investors Creditors Managers Owners Customers Employees Regulators -SEC -IRS -EPA,Decisions Supported Performance evaluations Stock investments Tax strategies Labor relations Resource allocations Lending decisions Borrowing,Information System,Financial Information Provided Profitability Financial position Cash flows,Basic Functions of an Accounting System,Interpret and record business transactions.,Basic Functions of an Accounting System,Interpret and record business transactions.,External Users of Accounting Information,Owners Creditors Labor unions Governmental agencies Suppliers Customers Trade associations General public,Objectives of Financial Reporting,Objectives of External Financial Reporting,The primary financial statements.,Characteristics of Externally Reported Information,A Means to an End,Broader than Financial Statements,Historical in Nature,Results from Inexact and Approximate Measures,Based on General-Purpose Assumption,Usefulness Enhanced via Explanation,Users of Internal Accounting Information,Board of directors Chief executive officer (CEO) Chief financial officer (CFO) Vice presidents Business unit managers Plant managers Store managers Line supervisors,Objectives of Management Accounting Information,To help achieve goals and missions,To help evaluate and reward decision makers,Characteristics of Management Accounting Information,Timeliness,Identify Decision Maker,Oriented Toward Future,Measures of Efficiency and Effectiveness,A Means to an End,Integrity of Accounting Information,Institutional Features Generally Accepted Accounting Principles (GAAP) Financial Accounting Standards Board Securities and Exchange Commission Internal Control Structure Audits Legislation,Integrity of Accounting Information,Professional Organizations American Institute of Certified Public Accountants Institute of Management Accountants Institute of Internal Auditors American Accounting Association,Integrity of Accounting Information,Competence, Judgment and Ethical Behavior Certified Public Accountants (CPAs) Certificate in Management Accounting (CMA) Certificate in Internal Auditing (CIA) Code of Professional Conduct,Integrity of Accounting Information,Careers in Accounting Public Accounting Management Accounting Governmental Accounting Accounting Education,Case 1.1,In the early 1980s, Chrysler Corporation was in severe financial difficulty and desperately needed large loans for the company to survive