TAILIEUCHUNG - Lecture Financial accounting: Tools for business decision-making (7th edition) – Chapter 1

Chapter 1 - The purpose and use of financial statements. When you finish this chapter, you should: Identify the uses and users of accounting, describe the primary forms of business organization, explain the three main types of business activity, describe the purpose and content of each of the financial statements. | CHAPTER 1: THE PURPOSE AND USE OF FINANCIAL STATEMENTS LO 1: Identify the uses and users of accounting. LO 2: Describe the primary forms of business organization. LO 3: Explain the three main types of business activity. LO 4: Describe the purpose and content of each of the financial statements. LEARNING OBJECTIVES Accounting identifies and records the economic events of an organization and communicates to interested users There are two broad categories of users Internal users External users Uses and Users of Accounting Internal users Manage the company, non-profit, government organization Company officers, managers and directors in finance, marketing, human resources, production External users Do not work for the company Investors, lenders, and other creditors Customers, employees, labour unions Taxing authorities and regulators Users of Financial Information Identify the internal and external users of financial information for a local hospital. Discussion Question For accounting .

• Kế toán - Kiểm toán
• Financial accounting
• Lecture Financial accounting
• Financial statements
• Kế toán tài chính
• Ethical behaviour
• Business organizations
• Issues in financial accounting
• Accounting standards
• Financial reporting
• Financial Accounting Standards Board
• Fundamental financial accounting
• Lecture Fundamental financial accounting concepts
• Financial statement
• Accounting cycle
• Accounting for accruals
• Accounting system
• Accounting activities
• Financial accounting practice
• Accounting information system
• Accounting terminology
• Reporting financial results
• Evaluating liquidity
• Business firms
• The financial reporting reform
• Accounting information
• Management accounting
• Accounting equation
• Accounting systems
• Decision making
• External financial reporting
• Accounting for business
• Lecture Accounting for business
• Financial accounting reports
• Statement of financial performance
• Accrual accounting systems
• Statement of financial position
• Mastering financial accounting essentials
• Financial accounting essentials
• Accrual accounting
• Income statement
• Accounting conventions
• Internal control
• Accounting for cash
• Accounting for receivables
• Computing uncollectible accounts expense
• Long term debt
• Accounting for long term debt
• Paper F3
• Revision kit 2016
• Accounting Financial
• Accounting Financial Review
• Financial Review accounting exam
• Study text 2016
• Language of business
• Double entry accounting system
• Credit terminology
• Merchandising businesses
• Accounting for merchandising businesses
• Accounting for inventories
• Cash discounts
• The accounting cycle
• International financial reporting standards
• Completing the accounting cycle
• Accounting worksheet
• Classified balance sheet