hho acctg09ge in01第1章定义会计词汇财务信息用户描述职业管理它组织识别.pdfVIP

Define accounting vocabulary Def he users of financial information Describe the accounting profession and the organizations that ern it Identify the different types of business organizations Delineate the distinguishing characteristics and organization of a proprietorship 2 Apply accounting concepts and pr iples Describe the accounting equation, and define assets, liabilities, and equity Use the accounting equation to yze transactions Prepare financial statements Use financial statements to evaluate business performance 3 1 Define accounting vocabulary 4 Accounting is “the language of business.” The information system that: Measures business activity Processes the data into reports Communicates the results to decision makers Presents information in m ary terms 5 2 Def he users of financial information 6 Individuals Businesses Creditors Investors Taxing 7 Financial Accounting Managerial Accounting Provides information for Focuses on information for external decision makers internal decision makers Investors Managers Creditors Business Owners Taxing Competition rs 8 S1-2: USERS OF FINANCIAL INFORMATION Suppose you are the manager of Greg’s Tunes. The needs a bank loan in order to purchase music equipment. In evaluating the loan request, the banker asks about the assets and liabili