文档介绍：ACCOUNTING:Information for Decision Making
Chapter1
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Time Schedule
Chapter 01 1/2/3 Midterm test 27/28
Chapter 02 4/5/6 Chapter 08 29/30/31/32
Chapter 03 7/8/9/10 Chapter 09 33/34/35/36
Chapter 04 11/12/13/14 Chapter 10 37/38/39/40
Chapter 05 15/16/17/18 Chapter 11 41/42/43/44
Chapter 06 19/20/21/22 Chapter 12 45/46/47/48
Chapter 07 23/24/25/26 Chapter 13 49/50/51/52/53/54
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How to learn this course
Lectures (textbook content)
Review sessions (review questions)
*CONTINUOUS ASSEMSSMENT
Attendance and assignment 10% (presentation)
Mid-term exam 30%
Final-exam 60%
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Question one
what kind of information is helpful to your decision If you plan to run a restaurant around the campus?
Where is the market ?
How to price your food?
How many Employments are required?
How many tables and chairs ?
How is the profit?
where do you get the fund?
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“Accounting is a service activity. Its function is to provide quantitative information, primarily financial in nature, about economic entities that is intended to be useful in making economic decisions, in making reasoned choices among alternative courses of action.”(IAS)
To provide information on earnings, cash flows (现金流), profitability (获利能力)and financial position (财务状况)of the entity.
What is accounting?
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Basic Functions of an Accounting System
Summarize municate information to decision makers.
Classify similar transactions into useful reports.
Interpret and record business transactions.
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Accounting
information
The accounting process
Decision makers
Economic activities
Actions (decisions)
Accounting “links” decision makers with economic activities ¾ and with the results of their decisions.
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Types of Accounting Information
Financial
Managerial
Tax
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Information Users
Investors
Creditors
Managers
Owners
Customers
Employees
Regulators -SEC
-IRS
-EPA
Decisions Supported
Performance evaluations
Stock investments
Tax strategies
Labor relations
Resource allocations
Lending decisions
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