1Accounting Activities10Identifying@RecordingBusinessBusinessActivitiesActivitiesCommunicatingBusinessActivities正WHUITAccounting departmentofmanagementschoo
McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2007 WHUT Accounting department of management school Identifying Business Activities Recording Business Activities Communicating Business Activities Accounting Activities
Users of AccountingInformationTwo major classifications of stakeholdersInternal usersExternalusers,who makewho makedecisionsdecisionsdirectlyaffectingconcerningtheirtheinternalrelationship tooperations ofthethe enterprise.enterprise.WHUTAccounting department of managementschool
McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2007 WHUT Accounting department of management school 7 Users of Accounting Information Internal users, who make decisions directly affecting the internal operations of the enterprise. External users, who make decisions concerning their relationship to the enterprise. Two major classifications of stakeholders
MajorInternalandExternalStakeholderGroupsInvestorsGovernmentCommunityBoardofDirectorsAnalystsManagementEmployeesSuppliersCustomersCreditorsWHUITAccounting departmentofmanagementschool
McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2007 WHUT Accounting department of management school 8 Investors Community Board of Directors Management Employees Suppliers Creditors Customers Analysts Government Major Internal and External Stakeholder Groups
The Accounting ProfessionTPrivateaccountingPublic60%accounting25%Government.not-for-profit.&education15%WHUTAccountingdepartmentofmanagementschool
McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2007 WHUT Accounting department of management school The Accounting Profession Government, not-for-profit, & education 15% Public accounting 25% Private accounting 60%
The Evolution of AccountingThe birth of double-entrybookkeeping,An Italian monk wrote a bookto recorda method used by some business men ;AnotherstoryItalian commodity economy, developed bankbusiness;DEB:the symbol ofaccounting science;10WHUTAccounting departmentofmanagementschool
McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2007 WHUT Accounting department of management school 10 The Evolution of Accounting The birth of double-entry bookkeeping; An Italian monk wrote a book to record a method used by some business men ; Another story Italian commodity economy, developed bank business; DEB: the symbol of accounting science;