1 The Environment of Financial Reporting ntermediate Accounting Accounting School. Zhongnan
1 The Environment of Financial Reporting Accounting School ·Zhongnan University of Economics & Law ntermediate Accounting I 中级会计学
The Environment of financial Forewords Course nature and objective Teaching methods Test requirements and form Scoring system Brief contents
Intermediate Accounting 1 The Environment of Financial Reporting Forewords ➢ Course nature and objective ➢ Teaching methods ➢ Test requirements and form ➢ Scoring system ➢ Brief contents
The En I. Accounting information: users, uses, and GaaP in U..A Companies may obtain capital by issuing capital stock or by borrowing from lenders Bank Stock Exchange 000m
Intermediate Accounting 1 The Environment of Financial Reporting I. Accounting information: users, uses, and GAAP in U.S.A. Companies may obtain capital by issuing capital stock or by borrowing from lenders Stock Exchange Bank
The Environment of Financial 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 (Statement of the Accounting principles Board No. 4, p. 40
Intermediate Accounting 1 The Environment of Financial Reporting “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.” (Statement of the Accounting Principles Board No. 4, p. 40)
The Environment of Financial Accounting Information Economic Activities and Decision Making Impact External Externa User Decisio Company's Making Economic Accumu Accounting Communi- Activities late Information cate Internal Decisio Internal User Making mpact
Accounting Information Economic Activities and Decision Making Accumulate Accounting Information Communicate External User Internal User External Decisio n Making Internal Decisio n Making Company’s Economic Activities Impact Impact Intermediate Accounting 1 The Environment of Financial Reporting