TAILIEUCHUNG - Lecture Accounting: What the numbers mean (10/e): Chapter 2 - Marshall, McManus, Viele

Chapter 2 - Financial statements and accounting concepts/principles. After studying this chapter you should understand: What are generally accepted accounting principle? What kind of information is reported on each financial statement and how are the financial statements related? What are transactions? What is the meaning and usefulness of the accounting equation? What are meanings of the captions in the financial statements?. | © 2008 The McGraw-Hill Companies, Inc., All Rights Reserved. Accounting: What The Numbers Mean Tenth Edition Marshall, McManus, and Viele Chapter 2 Financial Statements and Accounting Concepts/Principles PowerPoint Authors: Susan Coomer Galbreath, ., CPA Charles W. Caldwell, ., CMA Jon A. Booker, ., CPA, CIA Cynthia J. Rooney, ., CPA Chapter 2: Financial Statements and Accounting Concepts/Principles An entity’s financial statements are the end product of a process that starts with transactions between the entity and other organizations and individuals. Transactions Procedures for sorting, classifying, and presenting (bookkeeping) Selection of alternative methods of reflecting the effects of certain transactions (accounting) Financial Statements LO 1 Financial Statements 2- Recording transactions, the economic interchanges between an entity and other organizations and/or individuals, requires both bookkeeping and accounting functions. The flow begins with the bookkeeping function, procedures for sorting, classifying, and presenting the transactions, and continues with an accounting function of selecting among alternative methods of reflecting the effects of those transactions. The entity's financial statements are the end product of these processes. Account balances are then used in the preparation of financial statements. Cash Accounts Receivable Accounts Payable Transactions are summarized in accounts. Accounts are used to organize like-kind transactions. LO 1 Accounts 2- Transactions are summarized in accounts. Accounts are used to organize like-kind transactions, just like file folders are used to organize information stored in a file cabinet. Account balances are then used in the preparation of financial statements. In addition to the financial statements, the annual report will probably include several accompanying notes or explanations of the accounting policies used and detailed information about many of the amounts and captions .

• Kế toán - Kiểm toán
• Lecture Accounting
• Financial accounting
• Managerial accounting
• Accounting information
• Financial statements
• Accounting concepts
• Lecture Financial accounting
• Management accounting
• Accounting standards
• Accounting equation
• Intermediate accounting
• Lecture Intermediate accounting
• Accounting process
• Accounting processing cycle
• Accounting principles
• Fundamental accounting principles
• Lecture Fundamental accounting principles
• Merchandising operations
• Lecture Accounting 1
• Accounting for main transactions
• Accounting for purchases
• Accounting for sales
• Accounting for expenses
• Principle of accounting
• Lecture Principle of accounting
• The basic accounting equation
• Transaction analysis in accounting equation
• Calculate the accounting equation
• Lecture Advanced financial accounting
• Bài giảng Kế toán tài chính nâng cao
• Advanced financial accounting
• Accounting policies
• Accounting estimate
• Retrospective application
• Changes in accounting estimates
• Retrospective restatements
• Accounting assumptions
• Lecture Management accounting
• Bài giảng Kế toán quản trị
• Nature of management accounting
• Component of accounting system
• Financial system
• Lecture Accounting and financial system
• Ledger accounting
• Trial balance
• Completing the accounting cycle
• Accounting cycle
• Accounting worksheet
• Classified balance sheet
• Accounting changes
• Error corrections
• Accounting choices
• Accounting for business
• Lecture Accounting for business
• Accounting entity
• Classification of assets
• Accounting equation transactions