[韩语学习]第六讲-Financial Accounting0515.ppt

Introduction Now is an exciting time to be studying accounting. Students have been learning double-entry bookkeeping for over 500 years. And now it will be your privilege to witness the transformation of financial reporting via the twin forces of internationalization and information technology. Over the next 10 to 15 years, the increased integration of the worldwide market for capital will inevitably force diverse national accounting practices to converge on appropriate global standards. In the longer term, the power of computers to create and analyze huge databases will change the very nature of accounting. Users will not learn about companies through a few pages of financial statements and notes , but, ultimately, through on-line access to the raw financial data. It isn’t clear what “ accounting” will entail in the technological future, but it is certain that those professionals trained in the underlying concepts of accounting and in the importance of accounting judgment and accounting estimates will be best able to make the transition. 1 What is Accounting？ 1. an arts（艺术论） 2.service activity（服务活动论） 3.management tools（管理工具论） 4.management activity(管理活动论） 5.information system(信息系统论) 6.stewardship(受托责任观) 7. contracts (契约论) Definition for Accounting “Accounting is a service activity. Its function is to provide quantitative information, primarily financial in nature, about economic entities that is intended to be useful in making economic decisions--in making reasoned choices among alternative courses of action.” (APB 4.40). Accountability(会计责任） Account for : explain and report to Account Accounting Accountancy Accountant (vs bookkeeper) Accounting: classification Financial Accounting Managerial Accounting Key features of this definition: Accounting provides a vital service in today’s business environment. Accounting is concerned primarily with quantitative financial information that is used in conjunction with qualitative evaluations in making judgm