TAILIEUCHUNG - Lecture Financial accounting (10th edition): Chapter 4 - Pratt, Peters

Chapter 4 - The mechanics of financial accounting. In this chapter students will be able to: List and explain the two criteria necessary for economic events to be directly recorded on the financial statements, describe the accounting equation and how it relates to each of the four financial statements. | 2 Chapter 4 The Mechanics of Financial Accounting 2 Learning Objective 1 List and explain the two criteria necessary for economic events to be directly recorded on the financial statements. 3 Economic Events Must Be: Relevant: Have economic significance including anything that affects its financial condition. Objectively Measurable: Recorded in dollars as determined by parties with differing incentives. If events are both Relevant and Objectively Measurable then the economic events are reflected in the financial statements of the entity. 4 5 Concept Practice 1 Learning Objective 2 Describe the accounting equation and how it relates to each of the four financial statements. 6 The Mechanics of Financial Accounting The first step in the accounting process is transaction analysis. This process examines relevant, objectively measurable economic events through their effect on the accounting equation: Assets = Liabilities + Shareholders’ Equity 7 7 An event for which the appropriate .

• Kế toán - Kiểm toán
• Financial accounting
• Lecture Financial accounting
• Kế toán tài chính
• Financial statements
• Mechanics of financial accounting
• 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