财务会计概念与应用Lectu.ppt

COPYRIGHT 2008 Thomson South-Western, a part of The Thomson Corporation. Thomson, the Star logo, and South-Western are trademarks used herein under license.,1,Chapter 1,Accounting Information: Users and Uses,Albrecht, Stice, Stice, Swain,2,The Purpose of Accounting,Accounting: Accumulates financial data Measures financial performance Communicates financial information Informed decisions can be made,3,What are the Functions of an Accounting System?,Analyze business events to determine if information should be captured by the accounting system.,Day-to-day keeping track of things.,Use summary information to evaluate the financial health and performance of the business.,4,Who Uses Accounting Information?,Internal users (Management Accounting): Management Examples of reports: Budgets Cost analyses Performance reports,5,Who Uses Accounting Information?,External users (Financial Accounting): Investors Competitors Lenders Government Employees Press Customers Suppliers Examples of reports: Balance sheet Income statement Statement of cash flows Other regulatory reports,6,Rules of the Game,External Reporting: General accepted accounting principles Comparability Reliability Internal Reporting: No rules,7,Who Makes All the Rules?,Generally accepted accounting principles Financial Accounting Standards Board U.S. companies International Accounting Standards Board Most international companies,8,The Accounting Environment,Accounting Regulators,9,Other Environmental Factors,Ethics Professional judgment Enron Technology Vast amounts of information about transactions can be stored Data can be compiled quickly and accurately Will computers replace the accountant?,Why Should I Study Accounting?,Everyone makes financial decisions To make good financial decisions!,Budgeting,Investing,11