英文版财务会计PPT 课件.ppt

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1、AccountingandtheBusinessEnvironmentChapter11Objective1Useaccountingvocabulary2AccountingMeasuresProcessesCommunicates…..Financialinformationtodecisionmakers3DecisionMakersIndividualsBusinessesInvestorsCreditorsTaxingAuthorities4Financialvs.ManagerialAcc

2、ountingFinancialAccounting–InformationforpeopleoutsideofthecompanyManagerialAccounting–Informationforinternaldecisionmakers5GoverningOrganizationsFASB–FinancialAccountingStandardsBoardSEC–SecuritiesandExchangeCommissionAICPA–AmericanInstituteofCertifiedP

3、ublicAccountantsIMA–InstituteofManagementAccountants6EthicsAuditExaminationofcompany’sfinancialsituationPerformedbyindependentaccountantsSarbanes-OxleyActCriminaloffensetofalsifyfinancialstatementsPublicCompaniesAccountingOversightBoardMonitorsworkofacco

4、untants7StandardsofProfessionalConductAICPA–CodeofProfessionalConductforAccountantsIMA–StandardsofEthicalConduct8TypesofBusinessOrganizationsProprietorshipsPartnershipsCorporations9Objective2Applyaccountingconceptsandprinciples10GAAPGenerallyAcceptedAcco

5、untingPrinciplesAccountingguidelinesthatgovernhowaccountantsmeasure,process,andcommunicatefinancialinformationFormulatedbyFinancialAccountingStandardsBoard(FASB)11GAAPPrimaryobjectiveoffinancialaccounting–provideinformationthatisusefulformakinginvestment

6、andlendingdecisions12EntityConceptAccountingEntity–organizationthatstandsapartasaseparateeconomicunit13AccountinginformationisbasedonthemostreliabledataavailableVerifiableFreefrombiasIndividualswouldarriveatsimilarconclusionsusingsamedataReliability(Obje

7、ctivity)Principle14CostPrincipleAcquiredassetsandservicesshouldberecordedattheiractualcost(historicalcost)15GoingConcernConceptAssumesthattheentitywillremaininoperationfortheforeseeablefuture16Stable-Monetary-UnitConceptAssumesthatthedollar’spurchasingpo

8、werisstable17Objective3Usetheaccountingequation18AssetsEconomicresources,expectedtobenefitthebusinessinthefutureCashAccountsreceivableMerchandiseinventoryFurnitureLand19ClaimstotheAssetsLiabilities–economicobligationspayab