1、 2009 The McGraw-Hill Companies, Inc., 2009 The McGraw-Hill Companies, Inc., All Rights ReservedAll Rights ReservedMANAGERIAL ACCOUNTINGCONCEPTS AND PRINCIPLESChapter 18McGraw-Hill/IrwinSlide 2McGraw-Hill/IrwinSlide 2Managerial accountingprovides financial and non-financial informationfor managers o ...
MANAGERIAL ACCOUNTING CONCEPTS AND PRINCIPLES Chapter18 MANAGERIALACCOUNTINGCONCEPTSANDPRINCIPLES PowerPointAuthors:SusanCoomerGalbreath,Ph.D.,CPACharlesW.Caldwell,D.B.A.,CMAJonA.Booker,Ph.D.,CPA,CIACynthiaJ.Rooney,Ph.D.,CPA McGraw-Hill/Irwin Copyright©2011byTheMcGraw-HillCompanies,Inc.Allrights...
Concepts/Principles Related to financial statements Relevance; Financial information should assist users to make informed decisions. Comparability; Consistent use of accounting treatments, with changes and effects of changes disclosed Materiality; The increased benefit of increased accuracy should out weigh the...
Theseaccountingconceptsdeterminetherulesandsettheboundariesofaccountingpractice.Theyprovideguidelinesforaccountantsinresolvingaccountingissues.1.Moneymeasurement2.Entity3.Going-concern4.Cost5.Dualaspect6.Accountingperiod7.Conservatism 8.Realization 9.Matching10.Consistency11.Materiality 2 of 19 AnIntroductiontoEleven...
Accounting Principles and ConceptsSharon Z. Weiss, Esq.Professor David East, Esq.Andrea Hartley, Esq.Doneene Damon, Esq.Chuck Carroll, CPAPresented to: American Bar AssociationApril 10, 20082ObjectivesTo provide a basic understanding of Key accounting conceptsFinancial statements (what are they?)Finan...
Learning outcome A1 from the FA2 syllabus is related to ‘The key principles, concepts and characteristics of accounting’. This learning outcome causes difficulties for some candidates. These difficulties may arise because the learning outcome is more the...
Chapter 5 of the book "Guide to Financial Management," by John Tennent is presented. It looks on the four principles that are used to present business performance, which include the principle of accrual or matching, going concern, consistency, and prudence. It explores on the practical ...
Fundamental Accounting Principles (18)ManagerialAccountingConceptsandPrinciples Chapter18 PowerPointEditor:BethKane,MBA,CPA Copyright©2015McGraw-HillEducation.Allrightsreserved.NoreproductionordistributionwithoutthepriorwrittenconsentofMcGraw-HillEducation.18-C1:PurposeofManagerialAccounting 2 18-3 ManagerialAccounting...
4.AccountingConceptsandPrinciples:GAAP---generallyacceptedaccountingprinciplesA.TheEntityConceptB.TheReliability(orObjectivity)PrincipleC.TheCostPrincipleD.TheGoing-ConcernConceptE.TheStable-Monetary-UnitConcept 5.AccountingEquation:ASSETS=LIABILITIES+OWNER’SEQUITY 6.ClassificationofAssetsandLiabilities:7.TheDouble-...
What is accounting Financial and Managerial accounting 3. Ethics in Accounting 4. Accounting principles General principles: basic assumptions, concepts, and guidelines for preparing financial statements. Specific principles: detailed rules used in reporting business transactions and events. GAAP FASB and ...