1. Introduction to Accounting Preparing for a User’s Perspective Introduction to Accounting Preparing for a User’s Perspective www.canvas.net Free Jan. 2014 www.canvas.net Free Jan. 2014 What are the two general types of accounting and which one of them has developed a conceptual framework? Available on the Google Play Store with support from By Kevin C. Kimball, CPA Debits and Credits Trainer

2. What are the two general types of accounting and which one of them has developed a conceptual framework? Financial Accounting Managerial Accounting  Follow GAAP  Use Conceptual Framework - Internal - External Should I share? Profits How can I get some of that?

3. Debt ratio? Return on equity? Financial Accounting

4. General Purpose Financial Statements Footnote disclosures

5. Dividends GM? Let me study its financials first.

6. Can I buy now? And pay later? A $1 B loan?! Show me your financial statements. A $1 B loan?! Show me your financial statements.

7. Corporate Accounting Data

8. Give us something!!! IASB INTERNATIONAL ACCOUNTING STANDARDS BOARD FASB FINANCIAL ACCOUNTING STANDARDS BOARD

9. Sole Proprietorship If you want a loan, prepare your financials per US GAAP.

10. We want to know: __________ SEC rules and regulations

11. You both need to follow our rules. OR

12. Accounting performed Reports generated CEO marketing manager, warehouse supervisor, chief product engineer, director of human resources, and many other executives, managers, and employees

13. NO!!!!!!!!

14. Executive Dashboard Gross margin Sales Customer satisfaction Late deliveries per 1,000 units shipped Price variances Price per metric ton of copper Quantity variances Cash burn rate Uh Oh! It looks like we have a mountain ahead. Dashboard examples: inetsoft The Dashboard Spy

15. Number of surfboards to sell to break-even? Make or buy? Pay $1.2 M for a Super Bowl ad? Units to sell? % customers satisfied? Product mix?

16. % customers satisfied?

17. Conceptual Framework

18. Poof! What do you need? Give me a hasenpfeffer production report

19. Benefits Costs

20. You must create XYZ report for internal use. Is that right? Says who?

21. Introduction to Accounting Preparing for a User’s Perspective Introduction to Accounting Preparing for a User’s Perspective www.canvas.net Free Jan. 2014 www.canvas.net Free Jan. 2014 Available on the Google Play Store with support from By Kevin C. Kimball, CPA Debits and Credits Trainer What are the two general types of accounting and which one of them has developed a conceptual framework?