Introduction to Accounting by iCPA

Plus de détails

Visual metaphors

par J M

EXPAT

par Boo OoB

access: database

par Jamie Kong

MIT SLOAN Courses

par Ash Martin

Accounting is an information system that provides reports to users about the economic activities and condition of a business. Accounting is the "language of business"

Introduction to Accounting

Concepts

unit of measure concept

economic data be recorded in the currency of the country

objectivity concept

amounts recorded in the records should be based on objective evidence

Cost concept

amounts are initially recorded in the accounting records at their cost of purchase price

Business entity concept

limits the economic data in an accounting system to data related directly to the business activities

Opportunities of accountants

Public accounting

employed by auditing firms

Private accounting

employed by companies, government and not for profit entities

Purposes

Prepare accounting reports for users

Record economic data about business activities and events

Design accounting information system to meet users' needs

Assess user's information needs

Identify users