TAILIEUCHUNG - Lecture Financial accounting (10th edition): Chapter 5 - Pratt, Peters

Chapter 5 - Using financial statement information. In this chapter students will be able to: Describe the two basic uses of financial statements, describe the four elements of successful companies and how they link to the company’s overall financial performance. | 2 Chapter 5: Using Financial Statement Information 3 Describe the two basic uses of financial statements. Learning Objective 1 4 Control and Prediction Financial accounting numbers are useful in two fundamental ways: They help investors and creditors influence and monitor the business decisions of a company’s managers. They help to predict a company’s future earnings and cash flows. 5 Financial Accounting Numbers as Prediction Aids Financial statements do not reflect the company’s prospects within its business environment Statements are backward looking, not focusing on the future prospects. Financial statements are inherently limited Statements leave out some current and historical information such as human resources and the effects of inflation. Management prepares the financial statements in a biased manner Managers often choose accounting methods and estimates that make them look good. 6 Concept Practice 1 7 Describe the four elements of successful companies and how they link to

• Kế toán - Kiểm toán
• Financial accounting
• Lecture Financial accounting
• Kế toán tài chính
• Financial statements
• Financial statement information
• Leverage ratios
• 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