港中文会计课.pptVIP

Chapter 1-* Accounting In Action ISV Financial Accounting, Sixth Edition Chapter 1 Three Activities What is Accounting? SO 1 Explain what accounting is. Illustration 1-1 Accounting process The accounting process includes the bookkeeping function. Various users need financial information The accounting profession has attempted to develop a set of standards that are generally accepted and universally practiced. Financial Statements Balance Sheet Income Statement Retained Earnings Statement Statement of Cash Flows Note Disclosure Generally Accepted Accounting Principles (GAAP) The Building Blo