基础会计学英文版lesson01-enIntroduction To Accounting.ppt

* 1 * 1 * 1 * 1 * 1 * 1 * 1 * 1 * 1 * 1 * 1 The Evolution of Accounting From commodity market to capital market; The developing of capital market raises two issues: Effective ways to raise and allocate capital; Trust crisis; We have Corporate Finance and Auditing subjects respectively. * Corporate Finance and Auditing * Accounting Firms Firm Financial statements Investors Financial Accounting Auditing Finance Management Accounting The Evolution of Accounting Accounting will evolve with the development of economy and technology; The invention of computer and its adoption into accounting practice; Reduces time, effort and cost of record-keeping; Improves clerical accuracy; Changes the way we store, process and summarize large masses of data; * The Evolution of Accounting Website and Internet; dissemination of accounting information: easy and no increment cost; Internet based financial reporting system; Extensible Business Reporting Language (XBRL) was developed to provide users with an efficient and effective means of preparing and exchanging financial information over the Internet. Extensible Assurance Reporting Language (XARL) was designed to enable assurance providers to report on the integrity of information distributed over the Internet and help users and companies place warranted reliance on such information Events accounting: may be re-introduced under internet environment; * The Evolution of Accounting SOX and its impact on accounting; Enron filed for bankruptcy protect in December 3, 2001; WorldCom reported billions of false profit in June, 2002; Sarbanes-Oxley Act of 2002 was signed by President Bush and becamea law in June 30, 2002; It mainly focuses on accounting; * The Boundary of Accounting Accounting: a boundless discipline; What should accountants supposed to do? For instance, the job description of CFO; The job description of chief controller; No definite definition; No generally accepted principles; * What should we do? 郭靖……纵身离开北斗星位，抢到“天璇”。他此时武