TAILIEUCHUNG - The Financial Accounting and Its Environment

Financial accounting provides information to decision makers who are external to the business. Examples include present and future shareholders, present and future creditors, and government regulators. Managerial accounting provides information to decision makers who are internal to the business. This information is not published to people outside of the business | Financial Accounting and Its Environment Chapter 1 Major Types of Accounting Financial accounting provides information to decision makers who are external to the business. Examples include present and future shareholders, present and future creditors, and government regulators. Major Types of Accounting Managerial accounting provides information to decision makers who are internal to the business. This information is not published to people outside of the business. Major Types of Accounting Tax accounting involves tax compliance and tax planning. Tax compliance involves the calculation of the company's tax liability after the transactions for a year have been completed. Major Types of Accounting Tax accounting involves tax compliance and tax planning. Tax planning involves the consideration of a transaction before it has taken place in order to determine tax consequences. Major Types of Accounting Accounting Information Systems The processes and procedures required to generate accounting information. Major Types of Accounting Nonbusiness Organization Accounting Deals with the accounting needs of organizations which do not attempt to earn a profit, such as hospitals, colleges, and churches. Overview of Financial Accounting The Financial Accounting Process Categorize past transactions and events. Measure attributes of those transactions and events. Record and summarize the measurements. The Financial Accounting Process The initial valuation of a transaction is generally not changed in the future. This original measurement is called the historical cost. Primary Financial Statements The end result of the accounting process is the preparation of the following: Balance sheet Income statement Statement of cash flows The Balance Sheet The balance sheet shows a firm's assets, liabilities, and owners' equity at one point in time. The Balance Sheet Assets are valuable resources that a firm owns. Liabilities are obligations to convey something of value in the future. The .

• Kế toán - Kiểm toán
• Managerial accounting
• Financial accounting
• Tax accounting
• Accounting Information Systems
• Accounting
• Financial
• Managerial accounting for managers
• Lecture Managerial accounting
• Profitability analysis
• Decision making
• 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
• Lecture Financial and managerial accounting
• 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