The GREAT Academy Marketing and Entrepreneurship Lab Chenyu Liu

Slides:

Advertisements

Similar presentations

C1 - 1 Learning Objectives 1.Nature of a Business 2.The Role of Accounting in Business 3.Business Ethics 4.Profession of Accounting 5.Generally Accepted.

Advertisements

C1 - 1 Learning Objectives 1.Nature of a Business 2.The Role of Accounting in Business 3.Business Ethics 4.Profession of Accounting 5.Generally Accepted.

© The McGraw-Hill Companies, Inc., 2008 McGraw-Hill/Irwin 2-1 BASIC FINANCIAL STATEMENTS Chapter 2.

BASIC FINANCIAL STATEMENTS

© The McGraw-Hill Companies, Inc., 2008 McGraw-Hill/Irwin 1-1 Financial Accounting THIRTEENTH EDITION Williams Haka Bettner Carcello.

Understanding Financial Statements

© The McGraw-Hill Companies, Inc., 2008 McGraw-Hill/Irwin 1-1 Accounting Information for Decision Making Chapter 1.

© The McGraw-Hill Companies, Inc., 2002 McGraw-Hill/Irwin Financial & Managerial Accounting The Basis for Business Decisions TWELFTH EDITION Williams Haka.

C1 - 1 Learning Objectives 1.Nature of a Business 2.The Role of Accounting in Business 3.Business Ethics 4.Profession of Accounting 5.Generally Accepted.

MP I: Financial Management Segment. Financial Mgt. Segment of MP I: Two Topics 1.Financial planning and financial statement analysis 2.Introduction to.

Uses of Accounting Information and the Financial Statements

WHAT IS ACCOUNTING? Accounting is the identifying, recording and communication of financial events that affect a company.

Williams Haka Bettner Carcello

Chapter 3- Accounting and Financial Statements Pr. SAMLAL Zoubida.

Accounting: The Language

Accounting 11 Financial Statements COPY YELLOW TEXT.

McGraw-Hill/Irwin Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved. Basic Financial Statements Chapter 2.

Financial Statements Q&A. Name a type of Financial Statement?

Chapter 1 Accounting and the Business Environment

© The McGraw-Hill Companies, Inc., 2005 McGraw-Hill/Irwin 1-1 Financial & Managerial Accounting The Basis for Business Decisions THIRTEENTH EDITION Williams.

© The McGraw-Hill Companies, Inc., 2005 McGraw-Hill/Irwin 1-1 ACCOUNTING: INFORMATION FOR DECISION MAKING Chapter 1.

Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin Basic Financial Statements Chapter 2.

Prepared by: Jan Hájek Accounting Lecture no 1 WHAT IS ACCOUNTING System based on collecting and analyzing financial information System providing information.

© The McGraw-Hill Companies, Inc., 2002 McGraw-Hill/Irwin BASIC FINANCIAL STATEMENTS Chapter 2.

McGraw-Hill/Irwin Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. 2-1 Chapter Two: Basic Financial Statements.

© The McGraw-Hill Companies, Inc., 2003 McGraw-Hill/Irwin Slide 2-1 BASIC FINANCIAL STATEMENTS Chapter 2.

CHAPTER 1 BUSINESS DECISIONS BUSINESS DECISIONS And FINANCIAL ACCOUNTING..

CHAPTER 9: MANAGING BUSINESS FINANCES Introduction to Business.

Chapter 01 Accounting Information and Decision Making McGraw-Hill/Irwin Copyright © 2011 by The McGraw-Hill Companies, Inc. All rights reserved.

© The McGraw-Hill Companies, Inc., 2008 McGraw-Hill/Irwin Principles of Accounting (Accounting 1 for BBA - Undergraduate) SBS Victor Yerris, PhD

McGraw-Hill/Irwin Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved. Accounting and the Business Environment Chapter 1.

Chart of Accounts.

Spiceland | Thomas | Herrmann Financial Accounting Copyright © 2014 McGraw-Hill Education. All rights reserved. No reproduction or distribution without.

© The McGraw-Hill Companies, Inc., 2002 McGraw-Hill/Irwin BASIC FINANCIAL STATEMENTS Chapter 2.

© The McGraw-Hill Companies, Inc., 2003 McGraw-Hill/Irwin Slide 1-1 ACCOUNTING: Information for Decision Making Chapter 1.

© 2006, Educational Institute Chapter 1 Introduction to Accounting Hospitality Industry Financial Accounting 3 rd Edition (260TXT or 260CIN)

Chapter 1 and 2. Definition of Accounting The process of identifying, measuring, and communicating economic information to permit.

Lecture 1.  Accounting is “the language of business.”  More precisely, accounting is a system of maintaining records of a company’s operations and communicating.

Chapter 1 Accounting in Action. What is Accounting?  An information system that identifies, records and communicates economic events Identify: select.

JOSIE D. ALBAO DOST V-PMU Financial Assumptions Financial Projections Return on Investment Partial Budget Analysis.

McGraw-Hill/Irwin Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. 1-1 Chapter One: Accounting: Information for Decision Making.

Entrepreneurship Mr. Bernstein Preparing Financial Statements, pp December 2015.

Spiceland | Thomas | Herrmann Financial Accounting Copyright © 2014 McGraw-Hill Education. All rights reserved. No reproduction or distribution without.

BASIC FINANCIAL STATEMENTS

Elements of Financial Statements. Purpose of financial statements Reporting accounting information to external decision makers.

Chapter 1 Accounting in Action. How Will Accounting Help Me? Used in Any Profession Used as a Career Choice Used for Personal Investments and Financial.

Financial Statements for a Sole Proprietorship CH. 9 Section 1 THE INCOME STATEMENT CH. 9 Section 1 THE INCOME STATEMENT.

ACCOUNITNG. PURCHASE SHARES OF WHICH COMPANY? WHAT IS ACCOUNITNG ? BUY CAR ON CREDIT OR ON CASH? HOW WELL THE BUSINESS IS GOING? HOW MUCH TAXES SHOULD.

Introduction to Accounting and Business

The Financial Statements

The Accounting Cycle Analyze Source Documents Journalize Transactions

BASIC FINANCIAL STATEMENTS

Financial & Managerial Accounting

Hospitality Accounting in Action

Power Notes Chapter 1 Introduction to Accounting and Business

Accounting and Business

Accounting courses in Chandigarh.

Accounting Courses in Chandigarh. Why is financial accounting needed? The goal of managerial accounting is to help company managers and supervisors make.

Chapter 1 An Introduction to the Role of

1 C H A P T E R Accounting Information: Users and Uses.

Accounting Overview Financial Accounting Managerial Accounting

Accounting and the Business Environment

LESSON 7-1 Preparing an Income Statement

Understanding Principles of Accounting

Point 6 Financial Statements

ACCOUNTING AS THE BASIS FOR MANAGEMENT DECISIONS

1 Accounting in Action Learning Objectives

1-1 Financial Accounting. 1-2 This course is an introduction to the basic concepts and standards underlying financial accounting systems. It emphasizes.

Presentation transcript:

The GREAT Academy Marketing and Entrepreneurship Lab Chenyu Liu Financial Accounting The GREAT Academy Marketing and Entrepreneurship Lab Chenyu Liu

ACCOUNTING: Information for Decision Making 2

The accounting process Accounting “links” decision makers with economic activities ¾ and with the results of their decisions. Accounting information Economic activities Actions (decisions) Decision makers 3

Types of Accounting Information Financial Tax Managerial 3

Basic Functions of an Accounting System Interpret and record business transactions. Payment Car

Basic Functions of an Accounting System Interpret and record business transactions. Classify similar transactions into useful reports. Summarize and communicate information to decision makers.

Objectives of External Financial Reporting Income Statement Balance Sheet Statement of Cash Flows The primary financial statements.

Internal Users of Accounting Information Board of Directors Chief Executive Officer Chief Financial Officer Vice Presidents Business Unit Managers Plant Managers Store Managers Line Supervisors 3

3

Introduction to Financial Statements Income Statement Balance Sheet Statement of Cash Flows Three primary financial statements. We will use a corporation to describe these statements.

Introduction to Financial Statements Income Statement Balance Sheet Statement of Cash Flows Describes where the enterprise stands at a specific date.

Introduction to Financial Statements Income Statement Balance Sheet Statement of Cash Flows Depicts the revenue and expenses for a designated period of time.

Introduction to Financial Statements Income Statement Balance Sheet Statement of Cash Flows Depicts the ways cash has changed during a designated period of time.