罗纳德·J·埃伯特-商学精要（第8版）ebert_be08_inppt_14.pptVIP

Key Terms (cont.) net income (net profit, net earnings) operating expenses operating income owners’ equity paid-in capital private accountant profitability ratio retained earnings revenue recognition revenues Sarbanes-Oxley Act of 2002 (Sarbox) short-term solvency ratio solvency ratio statement of cash flows tax services 14-* Copyright ? 2011 Pearson Education, Inc. publishing as Prentice Hall All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. Printed in the United States of America. * 14-* Copyright ? 2011 Pearson Education, Inc. publishing as Prentice Hall * In this chapter we will study the role of the accountant and accounting information. We will explain the role of accountants and distinguish between the kinds of work done by public accountants, private accountants, management accountants, and forensic accountants. We will also explain how the accounting equation is used, and we will describe the three basic financial statements and show how they reflect the activity and financial condition of a business. Teaching Tips: Form a team with another student. In your teams, please select one of the learning objectives we just reviewed. Please prepare a brief introduction to the topic. We will share our answers with the class. Answers will vary. You can wait to comment on the answers until you have covered the material later in the chapter. We will also explain the key standards and principles for reporting financial statements and describe how computing financial ratios can help users get more information from financial statements to determine the financial strengths of a business. And, finally, we will discuss the role of ethics in accounting. Teaching Tips: In your student teams, please prepare a brief introduction to one of the learning objectives above.