Академический Документы
Профессиональный Документы
Культура Документы
Principles (I)
1.
23. Professor Muhammad Ammanullah Khan: Financial Accounting, Latest Edition
24. Frank Wood‟s: Business Accounting 1, Eleventh Edition
25. Meigs and Meigs, Accounting for Business Decision, 9th Edition/Latest Edition
1.
Williams, Haka, Bettner: Financial & Managerial Accounting, Latest Edition
, Prentice Hall
NEWS
WHO IS READY ?
WHAT IS ACCOUNTING?
• Accounting : is the information system that
identifies, records, and communicates the economic
events of an organization to interested users.
• These include
• marketing managers,
• Production supervisors,
• finance directors,
• company officers.
• 2/ EXTERNAL USERS
• External users are individuals and organizations
outside a company who want financial information
about the company.
• The two most common types of external users are
investors and creditors.
• Investors (owners) use accounting information to
make decisions to buy, hold, or sell ownership shares
of a company.
• Creditors (such as suppliers and bankers)
• Other external users are :
• (Taxing authorities , Customers , Labor unions)
Ethics in Financial
Reporting
• Financial accounting :The field of accounting that provides
economic and financial information for investors, creditors, and
other external users.
• 2. The two most common types of external users are investors and
company officers.
• Examples ?
• Basic accounting equation = Assets =Liabilities +Owner’s Equity.