会计学原理-约翰·J·怀尔德版-上海交通大学-01.ppt

Class Participation (5%) Homework Assignments (20%) Final Exam (60%) Group Project (15%) Chapter 1 Accounting in Business Accounting Information and Stock Price Best Buy Co. Inc Fiscal Quarter (Feb,11 – May, 10, 2010) Quarterly Earnings Announcement: June 15, 2010 Consensus EPS: $ 0.50 Reported EPS: $ 0.36 Surprise (-28%) Accounting Information and Stock Price Why Accounting? Hong Kong Stock Exchange (0388) Why Accounting? Hong Kong Stock Exchange (0388) 2007.12, share price HK$ 270, Put Option, right decision? 2008.8.27 share price HK$ 102, Call Option, right decision? Intrinsic value of stock!!! need information to make decision Accounting provide the information! Information Economics Information Asymmetry 信息不对称 Moral Hazard Problem 道德风险 Content Concepts Transaction Analysis Exercise Ratio: ROA Objectives Conceptual Chapter Objectives Analytical Chapter Objectives Procedural Chapter Objectives Importance of Accounting:Language of Business Accounting Activities Users of Accounting Information Users of Accounting Information Generally Accepted Accounting Principles Setting Accounting Principles Principles of Accounting Principles of Accounting Business Entity Forms Corporation Characteristics of Businesses Sarbanes-Oxley Act Also known as SOX Passed (2002) by Congress to help curb financial abuses at companies that sell stock to the public Requires accounting oversight and stringent internal controls Penalties include stock market delisting and criminal prosecution Content Concepts Transaction Analysis Exercise Ratio: ROA Accounting Equation Assets Liabilities Equity Expanded Accounting Equation Transaction Analysis Equation Transaction Analysis (1) Transaction Analysis Transaction Analysis (2) Transaction Analysis Transaction Analysis (3) Transaction Analysis Transaction Analysis (4)  The accounts involved are: (1) Supplies (asset) (2) Equipment (asset) (3) Accounts Payable (liability) Transaction Analysis Transaction Analysis (5)  The accounts