经融工程Chap001.pptVIP

Financial Managerial Accounting Types of Accounting Information Basic Functions of an Accounting System Basic Functions of an Accounting System External Users of Accounting Information Objectives of External Financial Reporting Characteristics of Externally Reported Information Users of Internal Accounting Information Board of directors Chief executive officer (CEO) Chief financial officer (CFO) Vice presidents Business unit managers Plant managers Store managers Line supervisors Objectives of Management Accounting Information Characteristics of Management Accounting Information Integrity of Accounting Information Integrity of Accounting Information Integrity of Accounting Information Integrity of Accounting Information End of Chapter 1 3 3 3 ? The McGraw-Hill Companies, Inc., 2005 McGraw-Hill/Irwin 1-* The Basis for Business Decisions THIRTEENTH EDITION Williams Haka Bettner ACCOUNTING:INFORMATION FOR DECISION MAKING Chapter1 Accounting information The accounting process Decision makers Economic activities Actions (decisions) Accounting “links” decision makers with economic activities ? and with the results of their decisions. Financial Managerial Tax Information Users Investors Creditors Managers Owners Customers Employees Regulators -SEC -IRS -EPA Decisions Supported Performance evaluations Stock  investments Tax strategies Labor relations Resource  allocations Lending  decisions Borrowing Information System Financial Information Provided Profitability Financial  position Cash flows Interpret and record business transactions. Payment Car Summarize and communicate information to decision makers. Classify similar transactions into useful reports. Interpret and record business transactions. Owners Creditors Labor unions Governmental agencies Suppliers Customers Trade associations General public Provide information about economic resources, c