TAILIEUCHUNG - Lecture Intermediate accounting (15th edition): Chapter 1 - Kieso, Weygandt, Warfield

Chapter 1 - Financial accounting and accounting standards. After studying this chapter, you should be able to: Understand the financial reporting environment, identify the major policy-setting bodies and their role in the standard-setting process, explain the meaning of generally accepted accounting principles (GAAP) and the role of the Codification for GAAP. | Prepared by Coby Harmon University of California, Santa Barbara Intermediate Accounting Intermediate Accounting Prepared by Coby Harmon University of California, Santa Barbara Westmont College INTERMEDIATE ACCOUNTING F I F T E E N T H E D I T I O N Prepared by Coby Harmon University of California Santa Barbara Westmont College kieso weygandt warfield team for success PREVIEW OF CHAPTER Intermediate Accounting 15th Edition Kieso Weygandt Warfield 1 Identify the major financial statements and other means of financial reporting. Explain how accounting assists in the efficient use of scarce resources. Identify the objective of financial reporting. Explain the need for accounting standards. Identify the major policy-setting bodies and their role in the standard-setting process. LEARNING OBJECTIVES Explain the meaning of generally accepted accounting principles (GAAP) and the role of the Codification for GAAP. Describe the impact of user groups on the rule-making process. Describe some of the challenges facing financial reporting. Understand issues related to ethics and financial accounting. After studying this chapter, you should be able to: Financial Accounting and Accounting Standards 1 Financial Statements and Reporting Essential characteristics of accounting are: the identification, measurement, and communication of financial information about economic entities to interested parties. LO 1 Identify the major financial statements and other means of financial reporting. Financial Information Accounting? Identifies and Measures and Communicates Balance Sheet Income Statement Statement of Cash Flows Statement of Owners’ or Stockholders’ Equity Note Disclosures President’s letter Prospectuses Reports filed with governmental agencies News releases Forecasts Environmental impact statements Etc. GAAP Financial Statements Additional Information Economic Entity LO 1 Identify the major financial statements and other means of financial reporting. Financial Statements and .

• Kế toán - Kiểm toán
• Accounting standards
• Global markets
• Capital allocation
• Intermediate accounting
• Lecture Intermediate accounting
• Financial reporting
• Financial accounting
• Issues in financial accounting
• Kế toán tài chính
• Financial statements
• Financial Accounting Standards Board
• Accounting undergraduate Honors theses
• Lobbying activity in the standards setting process
• Fasb statement on financial accounting standards no
• 106
• Postretirement benefits other than pensions
• logistic regression results
• Leverage position hypothesis
• Accounting for business
• Lecture Accounting for business
• Australian accounting standards
• Conceptual framework
• Financial reports
• Accounting Standard
• Tiêu chuẩn kế toán
• Chuẩn mực kế toán
• Accounting policies
• Accounting Standards Interpretations
• Accounting for Taxes on Income
• Financial statement
• Stock exchange
• Joint stock companies
• Vietnam’s accounting standards
• International financial reporting standards
• Social sciences
• Non publicly accountable entities
• Small and medium sized enterprises
• Standards for accounting professionals
• Reporting standards
• Compendium of accounting standards
• Lecture Accounting
• Managerial accounting
• Accounting information
• Accounting ethical standards
• Accounting for taxes
• Accounting Concepts
• Class Orders
• Accounting Exposure
• Corporations Act
• Lecture Financial accounting
• Management accounting
• Accounting equation
• Cost analysis
• What the numbers mean
• Earnings Per Share
• Construction Contracts
• Borrowing Costs
• Principles of financial accounting
• Accounting in business
• International standards
• Accounting assumptions