TAILIEUCHUNG - Lecture Financial and managerial accounting (12/e): Chapter 1 – Williams, Haka, Bettner, Meigs

Chapter 1 - Accounting: Information for decision making. The learning objectives for this chapter include: Discuss accounting as the language of business and the role of accounting information in making economic decisions, discuss the significance of accounting systems in generating reliable accounting information, explain the importance of financial accounting information for external parties - primarily investors and creditors - in terms of the objectives and the characteristics of that information,. | Financial & Managerial Accounting The Basis for Business Decisions TWELFTH EDITION Williams Haka Bettner Meigs ACCOUNTING: Information for Decision Making Chapter 1 2 Accounting information The accounting process Decision makers Economic activities Actions (decisions) Accounting “links” decision makers with economic activities ¾ and with the results of their decisions. 3 Types of Accounting Information Financial Managerial Tax 3 Information Users Investors Creditors Managers Owners Customers Employees Regulatory agencies -SEC -IRS -EPA Decision Support CVP analysis Performance evaluation Incremental analysis Budgeting Capital allocation Earnings per share Ratio analysis Information System Cost & Revenue Determination Job costing Process costing ABC Sales Assets & Liabilities Plant and equipment Loans & equity Receivables, payables & cash Cash Flows From operations From financing From investing 3 Basic Functions of an Accounting System Interpret and record business transactions. Payment Car Basic Functions of an Accounting System Summarize and communicate information to decision makers. Classify similar transactions into useful reports. Interpret and record business transactions. Objectives of External Financial Reporting The primary external users of financial information are investors and creditors. 3 Information about economic resources, claims to resources, and changes in resources and claims. Information useful in assessing amount, timing and uncertainty of future cash flows. Information useful in making investment and credit decisions. (Specific) (General) Objectives of Financial Reporting 3 Objectives of External Financial Reporting The primary financial statements. Income Statement Balance Sheet Statement of Cash Flows Financial Reporting Financial Reporting Financial Statements Financial Statements: A Lens to View Business 3 Characteristics of Externally Reported Information A Means to an End Broader than Financial Statements Historical in Nature

• Ngân hàng - Tín dụng
• Managerial accounting
• Business decisions
• Financial accounting
• Lecture Financial and managerial accounting
• Decision making
• Accounting system
• Managerial accounting for managers
• Lecture Managerial accounting
• Profitability analysis
• Operations management majors
• Nonmanufacturing costs
• Classifications of costs
• Kế toán quản trị
• Managerial accounting information
• General cost classifi cations
• Product costs
• Process costing
• Standard costing systems
• Accounting information
• Managerial decision
• Process management
• Financial statement
• Cost concepts
• Managerial accounting basics
• Managerial cost
• Period costs
• Financial statements
• Managerial decisions
• Dynamic business environment
• Reporting manufacturing activities
• Accounting principles
• Fundamental accounting principles
• Lecture Fundamental accounting principles
• Relevant costing
• Accounting activities
• Business activities
• Income statement
• Accounting cycle
• Accounting for merchandising operations
• Merchandising operations
• Capital budgeting decisions
• Time value of money
• Income taxes
• After tax cost