财务会计(机械工业出版社) C01.ppt

1、Financial & Managerial Accounting,The Basis for Business Decisions,FOURTEENTH EDITION,Williams Haka Bettner Carcello,李姝 简介,南开大学商学院会计系 教授 中国人民大学 博士 南开大学工商管理博士后流动站 博士后 本科主讲课程 高级会计学 MA1 会计制度设计 研究生主讲课程 财务会计研究,AccountingInformation for Decision Making,Chapter1,Learning Objective,LO1,To discuss accounting

2、 as the language of business and the role of accounting information in making economic decisions.,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.

3、,Types of Accounting Information,Financial,Managerial,Tax,Learning Objective,LO2,To discuss the significance of accounting systems in generating reliable accounting information, and understand the five components of internal control per COSOs Internal ControlIntegrated Framework.,Accounting Systems,

4、An accounting system consists of the personnel, procedures, technology, and records used by an organization to develop accounting information and to communicate this information to decision makers.,Information Users Investors Creditors Managers Owners Customers Employees Regulators -SEC -IRS -FTC,De

5、cisions 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 busin

6、ess transactions.,Components of Internal Control,Control Environment,Risk Assessment,Control Activities,Information and Communication,Monitoring,Learning Objective,LO3,To explain the importance of financial accounting information for external partiesprimarily investors and creditorsin terms of the o

7、bjectives and the characteristics of that information.,External Users of Accounting Information,Owners Creditors Potential investors Labor unions Governmental agencies Suppliers Customers Trade associations General public,Objectives of External Financial Reporting,Objectives of External Financial Re

8、porting,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,Learning Objecti

9、ve,LO4,To explain the importance of financial accounting information for internal partiesprimarily managementin terms of the objectives and the characteristics of that information.,Users of Internal Accounting Information,Board of directors Chief executive officer (CEO) Chief financial officer (CFO)

10、 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 Make

11、r,Oriented Toward Future,Measures of Efficiency and Effectiveness,A Means to an End,Learning Objective,LO5,To discuss elements of the system of external and internal financial reporting that create integrity in the reported information.,Integrity of Accounting Information,Institutional Features Gene

12、rally Accepted Accounting Principles (GAAP) Financial Accounting Standards Board International Accounting Standards Board Securities and Exchange Commission Public Company Accounting Oversight Board Audits of Financial Statements Legislation,Learning Objective,LO6,To identify and discuss several pro

13、fessional organizations that play important roles in preparing and communicating accounting information.,Integrity of Accounting Information,Professional Organizations American Institute of Certified Public Accountants Institute of Management Accountants Institute of Internal Auditors American Accou

14、nting Association Committee of Sponsoring Organizations of the Treadway Commission (COSO),Learning Objective,LO7,To discuss the importance of personal competence, professional judgment, and ethical behavior on the part of accounting professionals.,Integrity of Accounting Information,Competence, Judgment and Ethical Behavior Certified Public Accountants (CPAs) Certificate in Management Accounting (CMA) Certificate in