Fundamental Accounting Principles (1)AccountinginBusiness Chapter1 PowerPointEditor:BethKane,MBA,CPA Copyright©2015McGraw-HillEducation.Allrightsreserved.NoreproductionordistributionwithoutthepriorwrittenconsentofMcGraw-HillEducation.01-C1:ImportanceofAccounting 2 1-3 ImportanceofAccounting Forexample,thesaleby...
Fundamental_Accounting_Principles_Chap001 Chapter01 ACCOUNTINGINBUSINESS 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.Allrightsreserved.1-2 C1 IMPORTANCE...
Chapter 1Accounting in Business 第一章商业会计 1.会计信息使用者 User of accounting information 1.外部信息使用者:External users of accounting information are not directly involved in runningthe External information userorganization. 银行Banks 储蓄贷款机构savings and loans 使用债权人消费合作社co-ops Lenders...
1 AccountinginBusiness McGraw-Hill/Irwin ©TheMcGraw-HillCompanies,Inc.,2005 Learningobjectives ▪1.Whyaccounting?▪2.Whatisaccounting?▪3.Ethicsinaccounting▪4.Accountingmodel/Accountingequation▪5.Transactionanalysisandrecording▪6.FinancialStatement▪7.Decisionanalysis:ROE&ROA •Case:CocaCola,...
Cost Principle Accounting information is based on actual cost. Objectivity Principle Accounting information is supported by independent, unbiased evidence. C 5 © The McGraw-Hill Companies, Inc., 2007 McGraw-Hill/Irwin Principles of Accounting Revenue Recognition Principle 1. Recognize revenue when it...
3. 会计准则 通则 客观性 objectivity Principle Principles of accounting general principles 成本 cost Principle 持续经营 going concern Principle 货币单位 monetary Principle 收入确认原则 取得 revenue is recognized when earned Recognition principle 收入形式 proceeds from selling products and ...
Decision analysis: ROE ROA Case: Coca Cola, Pepsi Cadbury Schweppes 1. Why accounting? 2. What is accounting Language of business Help users to make better decision Information and measurement system To identify, record, and communicate business activities Provide relevant, reliable, and comparable ...
会计基本原则 Fundamentals of accounting 1.概念 accounting is guided by principles ,standards,concepts and assumptions。 2. 进行理论决策的指导方针 Ethicsa key concept 识别 分析 决策 Identity ethical concerns analyze options make ethical decision 3. Ethics of business and the social responsibility 4. ...
8、INCIPLES AND ASSUMPTIONSOF ACCOUNTINGCost PrincipleAccounting information is based on actual cost. Actual cost is considered objective.Revenue Recognition PrincipleRecognize revenue when it is earned.Proceeds need not be in cash.1. Measure revenue by cash received plus cash value of items received...
The matching (expense recognition) principle requires expenses to be reported in the same accounting period as the sales they helped produce. Materiality states that an amount can be ignored i 9、f its effect on the financial statements is unimportant to users business decisions.9 - 13ALLOWANCE ...