Accounting principles chapter 01

... CHAPTER ACCOUNTING IN ACTION After studying this chapter, you should be able to: • Explain what accounting is • Identify users and uses of accounting • Understand why ... concept • Explain the meaning of generally accepted accounting principles and the cost principle CHAPTER ACCOUNTING IN After studying thisACTION chapter, you should be able to: • Explain the meaning ... BOO...

Ngày tải lên: 05/04/2017, 14:48

... CHAPTER ACCOUNTING IN ACTION Accounting Principles, Eighth Edition Chapter 1-2 Study Study Objectives Objectives Explain what accounting is Identify the users and uses of accounting ... transactions on the accounting equation Understand the four financial statements and how they are prepared Chapter 1-3 Accounting Accounting in in Action Action What Whatisis Accounting? A...

Ngày tải lên: 05/04/2017, 15:18

... Cash Flows Note Disclosure Generally Accepted Accounting Principles (GAAP) LO Generally Accepted Accounting Principles Generally Accepted Accounting Principles (GAAP) – Standards that are generally ... 5.Managerial accounting activities focus on reports for internal users Solution: 1-7 1.True 2.False 3.False 4.False 5.True LO LEARNING OBJECTIVE Explain the building blocks of ac...

Ngày tải lên: 12/05/2017, 11:44

... Accounting in Action Chapter 1-2 Accounting Principles, Ninth Edition Study Study Objectives Objectives Explain what accounting is Identify the users and uses of accounting Understand ... the accounting equation Understand the four financial statements and how they are prepared Chapter 1-3 Accounting Accounting in in Action Action What is Accounting? Three activities Who use...

Ngày tải lên: 13/05/2017, 10:21

... Generally Accepted Accounting Principles (GAAP) SO Explain generally accepted accounting principles Generally Accepted Accounting Principles Generally Accepted Accounting Principles (GAAP) - ... Accounting Standards Board (FASB) ► International Accounting Standards Board (IASB) SO Explain generally accepted accounting principles Generally Accepted Accounting Princ...

Ngày tải lên: 15/05/2017, 10:32

... These reports, called financial statements, are a central feature of accounting They report on a business’s financial performance makers use information provided by managerial accounting about operating, ... ensure that financial statements are understandable to their users, a set of generally accepted accounting principles (GAAP) has been developed to provide guidelines f...

Ngày tải lên: 15/05/2017, 15:42

... http://www.iasb.org/ International Financial Reporting Standards (IFRS) Financial Accounting Standards Board (FASB) http://www.fasb.org/ Generally Accepted Accounting Principles (GAAP) 1-8 LO Explain accounting ... Creditors Marketing 1-7 Regulatory Agencies Investors LO Identify the users and uses of accounting The Building Blocks of Accounting Accounting Standards 2011 year I...

Ngày tải lên: 13/01/2015, 10:56

... activities where managerial attention is needed E Comparison of Financial and Managerial Accounting Financial and managerial accounting both rely on the same basic accounting database, although managerial ... Generally Accepted Accounting Principles (GAAP) Financial accounting conforms to GAAP Managerial accounting is not bound by GAAP vii Managerial accounting – not...

Ngày tải lên: 23/11/2016, 10:46

... management accounting and financial accounting What are some basic characteristics of accounting that all accountants use whether in financial or managerial accounting? The Financial Accounting ... among the problem-solving, scorekeeping, and attention-directing roles of management accountants Describe the steps in making a decision in terms of the roles of man...

Ngày tải lên: 23/11/2016, 16:12

... Chapter 1: Financial Accounting and Its Economic Context The Role of Financial Reporting in Investment Decisions Profit-seeking companies - managers prepare reports for owners of the companies ... affect the company and its managers  Financial Reporting and Investment Decisions Content of Financial Reports   The Management Letter The Financial Statements: – – – –  Bala...

Ngày tải lên: 24/11/2016, 11:10

... Preview of Chapter Financial Accounting Seventh Edition Kimmel Weygandt Kieso 1-4 Forms Forms of of Business Business Organization Organization 1-5 LO Describe the primary forms of business organization ... INTRODUCTION TO FINANCIAL STATEMENTS 1-2 Financial Accounting, Seventh Edition Learning Learning Objectives Objectives After studying this chapter, you should be abl...

Ngày tải lên: 24/11/2016, 14:35

... INTRODUCTION TO FINANCIAL STATEMENTS 1-2 Financial Accounting, Seventh Edition Learning Learning Objectives Objectives After studying this chapter, you should be able to: 1-3 Describe ... includes: 1-32  Financial statements  Management discussion and analysis  Notes to the financial statements  Auditor's report LO Describe the components that supplement the financ...

Ngày tải lên: 01/12/2016, 14:33

... activity, set of institutions, and processes © 2015 by Cengage Learning Inc All Rights Reserved American Marketing Association Definition of Marketing Marketing is the activity, set of institutions, ... Specific groups of people Customer satisfaction © 2015 by Cengage Learning Inc All Rights Reserved Tools to Achieve Primarily promotion Coordinated use of marketing activities...

Ngày tải lên: 09/12/2016, 12:20

... CHAPTER THE RECORDING After studying this chapter, you should be able to: PROCESS Explain what an account is and how ... process Explain what a journal is and how it helps in the recording process CHAPTER THE RECORDING After studying PROCESS this chapter, you should be able to: Explain what a ledger is and how it helps ... trial balance and explain its purpose THE ACCOUNT STUDY OBJECTIV...

Ngày tải lên: 05/04/2017, 14:48

... accrual-basis accounting is incorrect? a Accrual-basis accounting follows the revenue recognition principle b Accrual-basis accounting is the method required by generally accepted accounting principles ... Accrual-basis accounting follows the revenue recognition principle b Accrual-basis accounting is the method required by generally accepted accounting principles c Accrual-...

Ngày tải lên: 05/04/2017, 14:48