Unit 8 Accounting Text a What is accounting
Unit 8 Accounting Text A What is accounting
Lead-in mportance of accounting Accounting is very important to ° Managers ●| nvestors Lenders Suppliers Without accounting information, a firm cannot operate in a very competitive world
Lead-in • Importance of accounting Accounting is very important to • Managers • Investors • Lenders • Suppliers Without accounting information, a firm cannot operate in a very competitive world
Reading and researching Analogy(类比): Para. 10 personal accounting/accountants → Para. 11 accounting in a much larger scale, in the business world
Reading and researching: • Analogy (类比): • Para. 10 personal accounting/accountants • Para. 11 accounting in a much larger scale, in the business world
Reading and researching Analogy(类比 Managing one's own personal accounting system Making records in check ledger Identifying one s cash inflows and outflows Helping to make decisions on future purchases and expenses Accounting in a much larger scale, in the business world An accounting system
Reading and researching • Analogy (类比): • Managing one’s own personal accounting system – Making records in check ledger – Identifying one’s cash inflows and outflows – Helping to make decisions on future purchases and expenses • Accounting in a much larger scale, in the business world – An accounting system
Reading and researching Para.7,8, 9: Definition of accounting its role in the business world Definition(para. 7): Accounting is a system by Which economic information is identified ecorded, summarized and reported for the use of decision-makers
Reading and researching • Para. 7, 8, 9: Definition of accounting, its role in the business world • Definition (para. 7): Accounting is a system by which economic information is identified, recorded, summarized and reported for the use of decision-makers