TAILIEUCHUNG - Lecture Accounting principles (11E): Chapter 1 - Coby Harmon

After completing this chapter you should be able to: Explain what accounting is, identify the users and uses of accounting, understand why ethics is a fundamental business concept, explain the monetary unit assumption and the economic entity assumption,.and other contents. | Prepared by Coby Harmon University of California, Santa Barbara Westmont College 1-1 1 Accounting in Action Learning Objectives After studying this chapter, you should be able to: [1] Explain what accounting is. [2] Identify the users and uses of accounting. [3] Understand why ethics is a fundamental business concept. [4] Explain generally accepted accounting principles. [5] Explain the monetary unit assumption and the economic entity assumption. [6] State the accounting equation, and define its components. [7] Analyze the effects of business transactions on the accounting equation. [8] Understand the four financial statements and how they are prepared. 1-2 Preview of Chapter 1 Accounting Principles Eleventh Edition Weygandt Kimmel Kieso 1-3 What is Accounting? Purpose of accounting is to: 1. identify, 2. record, and 3. communicate the economic events of an organization to interested users. 1-4 LO 1 Explain what accounting is. What is Accounting? Three Activities Illustration 1-1 Accounting process The accounting process includes the bookkeeping function. 1-5 LO 1 Explain what accounting .

• Kế toán - Kiểm toán
• Lecture Accounting principles
• Accounting principles
• Fundamental business concept
• The monetary unit assumption
• The economic entity assumption
• Fundamental accounting principles
• Lecture Fundamental accounting principles
• Accounting information systems
• Fundamental system principles
• Technology based accounting systems
• Accounting information
• Financial accounting
• Managerial accounting
• Managerial cost
• Reporting manufacturing activities
• Merchandising operations
• Accounting cycle
• Completing the accounting cycle
• Classified balance sheet
• Accounting for partnerships
• Partnership form of organization
• Basic partnership accounting