SlideShare a Scribd company logo
1 of 40
Topic 1 Conceptual Framework
In Your Textbook... ,[object Object],[object Object],[object Object]
“ WHAT & WHY ”  Financial Reporting?
What is Accounting? ,[object Object],[object Object],[object Object],UTAR/FBAF1023/Topic1
What does Accounting record? ,[object Object],[object Object],[object Object],[object Object]
Purpose of Accounting ,[object Object],[object Object],[object Object],[object Object],Looking at the examples above, how do you think we differentiate external users from internal users?
A  business stakeholder   is a person or   entity having an interest in the economic performance of the business. Business Stakeholders Users ??
Business Stakeholders ,[object Object],[object Object],[object Object]
Business Stakeholders ,[object Object],[object Object]
The Process of Providing Information 2 Assess stakeholders’ informational needs. STAKEHOLDERS Internal: Owners, managers, employees  External:   Customers,  creditors,  government   1 Identify stake-holders.
The Process of Providing Information Accounting Information System Design the accounting information system to meet stakeholders’ needs. 3 4 Record economic data about business activities and events.
Accounting Information System The Process of Providing Information 5 Prepare accounting reports for stakeholders. STAKEHOLDERS Internal: Owners, managers, employees   External:   Customers, creditors, government
“ WHOM ” do we report for?
Nature of a Business ,[object Object],[object Object],[object Object]
Manufacturing Business Types of Businesses Product Proton Cars, automotive parts Intel Computer chips Boeing Jet aircraft Nike Athletic shoes and apparel Coca-Cola Beverages Sony Stereos and television
Merchandising Business Types of Businesses Product Jusco General merchandise Toys “R” Us Toys Tower Records Music & video records Guardian Beauty & health products Amazon.com Internet books, music, video  retailer
Service Business Types of Businesses Product Disney Entertainment Malaysia Airline Transportation Hilton Hotels Hospitality and lodging A Cut Above Hairdressing services Maxis Telecommunication
There are three types of business organizations ,[object Object],[object Object],[object Object]
A  proprietorship   is owned by one individual.  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Joe’s
A  partnership  is owned by two or more individuals.  ,[object Object],[object Object],[object Object],[object Object],[object Object],Joe and Marty’s
A  corporation  is organized under Company Law as a separate legal entity. ,[object Object],[object Object],[object Object],[object Object],J & M, Bhd.
Sample Organisation Chart
Take A Break!
“ HOW ” to record?
General Accepted Accounting Principles ,[object Object],[object Object],[object Object],[object Object]
Basic Accounting Concepts ,[object Object],[object Object]
[object Object],[object Object],[object Object],Basic Accounting Concepts
[object Object],[object Object],[object Object],Basic Accounting Concepts
[object Object],[object Object],[object Object],Basic Accounting Concepts
[object Object],[object Object],[object Object],[object Object],Basic Accounting Concepts
[object Object],[object Object],[object Object],[object Object],Basic Accounting Concepts
[object Object],[object Object],[object Object],Basic Accounting Concepts
[object Object],[object Object],[object Object],[object Object],[object Object],Basic Accounting Concepts
[object Object],[object Object],[object Object],Basic Accounting Concepts
Basic Accounting Concepts ,[object Object],[object Object],[object Object],[object Object],9. Accrual Concept
[object Object],[object Object],Basic Accounting Concepts Sales made during 1/1/06 – 31/12/06 Bills incurred during 1/1/06 – 31/12/06 “ Matched”
Accounting reports, called  financial statements , provide summarized information to the owner.
Financial Statements ,[object Object],[object Object],[object Object]
Cycle of  Accounting Record Process Source  Documents Journal Ledger Trial Balance Income  Statement Balance Sheet Transactions take place
The End

More Related Content

What's hot

Presentation on Accounting Principles
Presentation on Accounting Principles  Presentation on Accounting Principles
Presentation on Accounting Principles Zakir Khan
 
FINANCIAL REPORTING, STATEMENTS AND ANALYSIS
FINANCIAL REPORTING,STATEMENTS AND ANALYSISFINANCIAL REPORTING,STATEMENTS AND ANALYSIS
FINANCIAL REPORTING, STATEMENTS AND ANALYSISLeelaaDeenadayalan
 
Financial accounting Meaning . This is useful for, BCOM,MCOM,CA,CS,CMA STUDENTS
Financial accounting Meaning . This is useful for, BCOM,MCOM,CA,CS,CMA STUDENTSFinancial accounting Meaning . This is useful for, BCOM,MCOM,CA,CS,CMA STUDENTS
Financial accounting Meaning . This is useful for, BCOM,MCOM,CA,CS,CMA STUDENTSBibek Prajapati
 
Introduction to Accounting- class 11
Introduction to Accounting-  class 11Introduction to Accounting-  class 11
Introduction to Accounting- class 11Susmita Patra
 
Chapter 01 - Principal Accounting (Warren Reeve Fess)
Chapter 01 - Principal Accounting (Warren Reeve Fess)Chapter 01 - Principal Accounting (Warren Reeve Fess)
Chapter 01 - Principal Accounting (Warren Reeve Fess)Arfan Fahmi
 
nature and purpose of accounting
 nature and purpose of accounting nature and purpose of accounting
nature and purpose of accountingI still love her .
 
11 accountancy keynotes_ch02_theory_base_of_accounting
11 accountancy keynotes_ch02_theory_base_of_accounting11 accountancy keynotes_ch02_theory_base_of_accounting
11 accountancy keynotes_ch02_theory_base_of_accountingCHAUHAN KISHOR GANPAT SHINH
 
Chap001 fundamental accounting principles
Chap001 fundamental accounting principlesChap001 fundamental accounting principles
Chap001 fundamental accounting principlesnages waran
 
Scope of accounting
Scope of accountingScope of accounting
Scope of accountingHimani Gupta
 
accounting introduction
accounting introductionaccounting introduction
accounting introductionShivaji Shinde
 
Purposes of accounting
Purposes of accountingPurposes of accounting
Purposes of accountingShyama Shankar
 
Accounting Terminology PowerPoint Presentation
Accounting Terminology PowerPoint PresentationAccounting Terminology PowerPoint Presentation
Accounting Terminology PowerPoint PresentationAndrew Schwartz
 
Unit 1 meaning and scope of accounting
Unit 1 meaning and scope of accountingUnit 1 meaning and scope of accounting
Unit 1 meaning and scope of accountingRaj vardhan
 
fundamental of financial accounting.
 fundamental of financial accounting. fundamental of financial accounting.
fundamental of financial accounting.Nirajan Silwal
 

What's hot (20)

Presentation on Accounting Principles
Presentation on Accounting Principles  Presentation on Accounting Principles
Presentation on Accounting Principles
 
FINANCIAL REPORTING, STATEMENTS AND ANALYSIS
FINANCIAL REPORTING,STATEMENTS AND ANALYSISFINANCIAL REPORTING,STATEMENTS AND ANALYSIS
FINANCIAL REPORTING, STATEMENTS AND ANALYSIS
 
Chapter 1-accounting-principles-and-concepts
Chapter 1-accounting-principles-and-conceptsChapter 1-accounting-principles-and-concepts
Chapter 1-accounting-principles-and-concepts
 
Role of Accounting
Role of Accounting Role of Accounting
Role of Accounting
 
Financial accounting Meaning . This is useful for, BCOM,MCOM,CA,CS,CMA STUDENTS
Financial accounting Meaning . This is useful for, BCOM,MCOM,CA,CS,CMA STUDENTSFinancial accounting Meaning . This is useful for, BCOM,MCOM,CA,CS,CMA STUDENTS
Financial accounting Meaning . This is useful for, BCOM,MCOM,CA,CS,CMA STUDENTS
 
Introduction to Accounting- class 11
Introduction to Accounting-  class 11Introduction to Accounting-  class 11
Introduction to Accounting- class 11
 
Financial accounting (abe)
Financial accounting (abe)Financial accounting (abe)
Financial accounting (abe)
 
Chapter 01 - Principal Accounting (Warren Reeve Fess)
Chapter 01 - Principal Accounting (Warren Reeve Fess)Chapter 01 - Principal Accounting (Warren Reeve Fess)
Chapter 01 - Principal Accounting (Warren Reeve Fess)
 
nature and purpose of accounting
 nature and purpose of accounting nature and purpose of accounting
nature and purpose of accounting
 
11 accountancy keynotes_ch02_theory_base_of_accounting
11 accountancy keynotes_ch02_theory_base_of_accounting11 accountancy keynotes_ch02_theory_base_of_accounting
11 accountancy keynotes_ch02_theory_base_of_accounting
 
Chap001 fundamental accounting principles
Chap001 fundamental accounting principlesChap001 fundamental accounting principles
Chap001 fundamental accounting principles
 
2.accounting overview
2.accounting overview2.accounting overview
2.accounting overview
 
Scope of accounting
Scope of accountingScope of accounting
Scope of accounting
 
accounting introduction
accounting introductionaccounting introduction
accounting introduction
 
Purposes of accounting
Purposes of accountingPurposes of accounting
Purposes of accounting
 
Accounting basics
Accounting basicsAccounting basics
Accounting basics
 
Accounting Terminology PowerPoint Presentation
Accounting Terminology PowerPoint PresentationAccounting Terminology PowerPoint Presentation
Accounting Terminology PowerPoint Presentation
 
Introduction to accounting
Introduction to accountingIntroduction to accounting
Introduction to accounting
 
Unit 1 meaning and scope of accounting
Unit 1 meaning and scope of accountingUnit 1 meaning and scope of accounting
Unit 1 meaning and scope of accounting
 
fundamental of financial accounting.
 fundamental of financial accounting. fundamental of financial accounting.
fundamental of financial accounting.
 

Similar to Acc week 1

Basics of accounting
Basics of accountingBasics of accounting
Basics of accountingVNRacademy
 
Accounting Basics
Accounting BasicsAccounting Basics
Accounting BasicsAmit Sarkar
 
1ST ONLINEMODULE 1-3.pptx
1ST ONLINEMODULE 1-3.pptx1ST ONLINEMODULE 1-3.pptx
1ST ONLINEMODULE 1-3.pptxJennifer911572
 
Financial Accounting Introduction
Financial Accounting IntroductionFinancial Accounting Introduction
Financial Accounting Introductiongimmba
 
financial accounting and auditing
financial accounting and auditingfinancial accounting and auditing
financial accounting and auditingAnant Agarwal
 
Session 1 - Accounting for Business
Session 1 - Accounting for BusinessSession 1 - Accounting for Business
Session 1 - Accounting for BusinessFahimQaiser
 
Introduction to Accounting - Dr. J. Mexon
Introduction to Accounting - Dr. J. MexonIntroduction to Accounting - Dr. J. Mexon
Introduction to Accounting - Dr. J. MexonDr. J.Mexon Fernando
 
PPT ON INTRODUCTION TO ACCOUNTING - 1
PPT ON INTRODUCTION TO ACCOUNTING   -   1PPT ON INTRODUCTION TO ACCOUNTING   -   1
PPT ON INTRODUCTION TO ACCOUNTING - 1Jayanta Biswal
 
Finance_for_Non_Finance 2011
Finance_for_Non_Finance 2011Finance_for_Non_Finance 2011
Finance_for_Non_Finance 2011Sunil Parkar
 
Meaning of accounting copy
Meaning of accounting   copyMeaning of accounting   copy
Meaning of accounting copyuvrajneupane
 

Similar to Acc week 1 (20)

Basics of accounting
Basics of accountingBasics of accounting
Basics of accounting
 
Accounts
AccountsAccounts
Accounts
 
Basic accounts
Basic accountsBasic accounts
Basic accounts
 
M1 5f
M1 5fM1 5f
M1 5f
 
Accounting Basics
Accounting BasicsAccounting Basics
Accounting Basics
 
Ppt
PptPpt
Ppt
 
1ST ONLINEMODULE 1-3.pptx
1ST ONLINEMODULE 1-3.pptx1ST ONLINEMODULE 1-3.pptx
1ST ONLINEMODULE 1-3.pptx
 
1ST ONLINEMODULE 1-3.pptx
1ST ONLINEMODULE 1-3.pptx1ST ONLINEMODULE 1-3.pptx
1ST ONLINEMODULE 1-3.pptx
 
Financial Accounting Introduction
Financial Accounting IntroductionFinancial Accounting Introduction
Financial Accounting Introduction
 
Acco 20273-accounting-1
Acco 20273-accounting-1Acco 20273-accounting-1
Acco 20273-accounting-1
 
financial accounting and auditing
financial accounting and auditingfinancial accounting and auditing
financial accounting and auditing
 
Session 1 - Accounting for Business
Session 1 - Accounting for BusinessSession 1 - Accounting for Business
Session 1 - Accounting for Business
 
Financial accounting gp1
Financial accounting gp1Financial accounting gp1
Financial accounting gp1
 
Introduction to Accounting - Dr. J. Mexon
Introduction to Accounting - Dr. J. MexonIntroduction to Accounting - Dr. J. Mexon
Introduction to Accounting - Dr. J. Mexon
 
Principles of accounting
Principles of accounting Principles of accounting
Principles of accounting
 
BA5103 Accounting for Management
BA5103   Accounting for ManagementBA5103   Accounting for Management
BA5103 Accounting for Management
 
Accounting
AccountingAccounting
Accounting
 
PPT ON INTRODUCTION TO ACCOUNTING - 1
PPT ON INTRODUCTION TO ACCOUNTING   -   1PPT ON INTRODUCTION TO ACCOUNTING   -   1
PPT ON INTRODUCTION TO ACCOUNTING - 1
 
Finance_for_Non_Finance 2011
Finance_for_Non_Finance 2011Finance_for_Non_Finance 2011
Finance_for_Non_Finance 2011
 
Meaning of accounting copy
Meaning of accounting   copyMeaning of accounting   copy
Meaning of accounting copy
 

More from Shu Shin

More from Shu Shin (20)

02 Information System Security
02  Information System Security02  Information System Security
02 Information System Security
 
Information System Security introduction
Information System Security introductionInformation System Security introduction
Information System Security introduction
 
Chap12 part 1_
Chap12 part 1_Chap12 part 1_
Chap12 part 1_
 
Chap11
Chap11Chap11
Chap11
 
Chap10
Chap10Chap10
Chap10
 
Chap9
Chap9Chap9
Chap9
 
Chap8
Chap8Chap8
Chap8
 
Chap7
Chap7Chap7
Chap7
 
Chap6
Chap6Chap6
Chap6
 
Chap5
Chap5Chap5
Chap5
 
Chap4
Chap4Chap4
Chap4
 
Chap3
Chap3Chap3
Chap3
 
Chap2
Chap2Chap2
Chap2
 
Chap1
Chap1Chap1
Chap1
 
Chap13
Chap13Chap13
Chap13
 
Chap13
Chap13Chap13
Chap13
 
Chap11
Chap11Chap11
Chap11
 
Chap10
Chap10Chap10
Chap10
 
Chap9
Chap9Chap9
Chap9
 
Chap7
Chap7Chap7
Chap7
 

Recently uploaded

7movierulz.uk
7movierulz.uk7movierulz.uk
7movierulz.ukaroemirsr
 
Introduction to The overview of GAAP LO 1-5.pptx
Introduction to The overview of GAAP LO 1-5.pptxIntroduction to The overview of GAAP LO 1-5.pptx
Introduction to The overview of GAAP LO 1-5.pptxJemalSeid25
 
Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024Borderless Access
 
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdf
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdfChicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdf
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdfSourav Sikder
 
Talent Management research intelligence_13 paradigm shifts_20 March 2024.pdf
Talent Management research intelligence_13 paradigm shifts_20 March 2024.pdfTalent Management research intelligence_13 paradigm shifts_20 March 2024.pdf
Talent Management research intelligence_13 paradigm shifts_20 March 2024.pdfCharles Cotter, PhD
 
Lecture_6.pptx English speaking easyb to
Lecture_6.pptx English speaking easyb toLecture_6.pptx English speaking easyb to
Lecture_6.pptx English speaking easyb toumarfarooquejamali32
 
Data skills for Agile Teams- Killing story points
Data skills for Agile Teams- Killing story pointsData skills for Agile Teams- Killing story points
Data skills for Agile Teams- Killing story pointsyasinnathani
 
MC Heights construction company in Jhang
MC Heights construction company in JhangMC Heights construction company in Jhang
MC Heights construction company in Jhangmcgroupjeya
 
AMAZON SELLER VIRTUAL ASSISTANT PRODUCT RESEARCH .pdf
AMAZON SELLER VIRTUAL ASSISTANT PRODUCT RESEARCH .pdfAMAZON SELLER VIRTUAL ASSISTANT PRODUCT RESEARCH .pdf
AMAZON SELLER VIRTUAL ASSISTANT PRODUCT RESEARCH .pdfJohnCarloValencia4
 
Live-Streaming in the Music Industry Webinar
Live-Streaming in the Music Industry WebinarLive-Streaming in the Music Industry Webinar
Live-Streaming in the Music Industry WebinarNathanielSchmuck
 
Graham and Doddsville - Issue 1 - Winter 2006 (1).pdf
Graham and Doddsville - Issue 1 - Winter 2006 (1).pdfGraham and Doddsville - Issue 1 - Winter 2006 (1).pdf
Graham and Doddsville - Issue 1 - Winter 2006 (1).pdfAnhNguyen97152
 
Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024Borderless Access
 
Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024Borderless Access
 
Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)
Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)
Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)tazeenaila12
 
NewBase 25 March 2024 Energy News issue - 1710 by Khaled Al Awadi_compress...
NewBase  25 March  2024  Energy News issue - 1710 by Khaled Al Awadi_compress...NewBase  25 March  2024  Energy News issue - 1710 by Khaled Al Awadi_compress...
NewBase 25 March 2024 Energy News issue - 1710 by Khaled Al Awadi_compress...Khaled Al Awadi
 
Fabric RFID Wristbands in Ireland for Events and Festivals
Fabric RFID Wristbands in Ireland for Events and FestivalsFabric RFID Wristbands in Ireland for Events and Festivals
Fabric RFID Wristbands in Ireland for Events and FestivalsWristbands Ireland
 
IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...
IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...
IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...AustraliaChapterIIBA
 
UNLEASHING THE POWER OF PROGRAMMATIC ADVERTISING
UNLEASHING THE POWER OF PROGRAMMATIC ADVERTISINGUNLEASHING THE POWER OF PROGRAMMATIC ADVERTISING
UNLEASHING THE POWER OF PROGRAMMATIC ADVERTISINGlokeshwarmaha
 
Slicing Work on Business Agility Meetup Berlin
Slicing Work on Business Agility Meetup BerlinSlicing Work on Business Agility Meetup Berlin
Slicing Work on Business Agility Meetup BerlinAnton Skornyakov
 
Plano de marketing- inglês em formato ppt
Plano de marketing- inglês  em formato pptPlano de marketing- inglês  em formato ppt
Plano de marketing- inglês em formato pptElizangelaSoaresdaCo
 

Recently uploaded (20)

7movierulz.uk
7movierulz.uk7movierulz.uk
7movierulz.uk
 
Introduction to The overview of GAAP LO 1-5.pptx
Introduction to The overview of GAAP LO 1-5.pptxIntroduction to The overview of GAAP LO 1-5.pptx
Introduction to The overview of GAAP LO 1-5.pptx
 
Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024
 
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdf
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdfChicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdf
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdf
 
Talent Management research intelligence_13 paradigm shifts_20 March 2024.pdf
Talent Management research intelligence_13 paradigm shifts_20 March 2024.pdfTalent Management research intelligence_13 paradigm shifts_20 March 2024.pdf
Talent Management research intelligence_13 paradigm shifts_20 March 2024.pdf
 
Lecture_6.pptx English speaking easyb to
Lecture_6.pptx English speaking easyb toLecture_6.pptx English speaking easyb to
Lecture_6.pptx English speaking easyb to
 
Data skills for Agile Teams- Killing story points
Data skills for Agile Teams- Killing story pointsData skills for Agile Teams- Killing story points
Data skills for Agile Teams- Killing story points
 
MC Heights construction company in Jhang
MC Heights construction company in JhangMC Heights construction company in Jhang
MC Heights construction company in Jhang
 
AMAZON SELLER VIRTUAL ASSISTANT PRODUCT RESEARCH .pdf
AMAZON SELLER VIRTUAL ASSISTANT PRODUCT RESEARCH .pdfAMAZON SELLER VIRTUAL ASSISTANT PRODUCT RESEARCH .pdf
AMAZON SELLER VIRTUAL ASSISTANT PRODUCT RESEARCH .pdf
 
Live-Streaming in the Music Industry Webinar
Live-Streaming in the Music Industry WebinarLive-Streaming in the Music Industry Webinar
Live-Streaming in the Music Industry Webinar
 
Graham and Doddsville - Issue 1 - Winter 2006 (1).pdf
Graham and Doddsville - Issue 1 - Winter 2006 (1).pdfGraham and Doddsville - Issue 1 - Winter 2006 (1).pdf
Graham and Doddsville - Issue 1 - Winter 2006 (1).pdf
 
Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024
 
Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024
 
Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)
Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)
Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)
 
NewBase 25 March 2024 Energy News issue - 1710 by Khaled Al Awadi_compress...
NewBase  25 March  2024  Energy News issue - 1710 by Khaled Al Awadi_compress...NewBase  25 March  2024  Energy News issue - 1710 by Khaled Al Awadi_compress...
NewBase 25 March 2024 Energy News issue - 1710 by Khaled Al Awadi_compress...
 
Fabric RFID Wristbands in Ireland for Events and Festivals
Fabric RFID Wristbands in Ireland for Events and FestivalsFabric RFID Wristbands in Ireland for Events and Festivals
Fabric RFID Wristbands in Ireland for Events and Festivals
 
IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...
IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...
IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...
 
UNLEASHING THE POWER OF PROGRAMMATIC ADVERTISING
UNLEASHING THE POWER OF PROGRAMMATIC ADVERTISINGUNLEASHING THE POWER OF PROGRAMMATIC ADVERTISING
UNLEASHING THE POWER OF PROGRAMMATIC ADVERTISING
 
Slicing Work on Business Agility Meetup Berlin
Slicing Work on Business Agility Meetup BerlinSlicing Work on Business Agility Meetup Berlin
Slicing Work on Business Agility Meetup Berlin
 
Plano de marketing- inglês em formato ppt
Plano de marketing- inglês  em formato pptPlano de marketing- inglês  em formato ppt
Plano de marketing- inglês em formato ppt
 

Acc week 1

  • 1. Topic 1 Conceptual Framework
  • 2.
  • 3. “ WHAT & WHY ” Financial Reporting?
  • 4.
  • 5.
  • 6.
  • 7. A business stakeholder is a person or entity having an interest in the economic performance of the business. Business Stakeholders Users ??
  • 8.
  • 9.
  • 10. The Process of Providing Information 2 Assess stakeholders’ informational needs. STAKEHOLDERS Internal: Owners, managers, employees External: Customers, creditors, government 1 Identify stake-holders.
  • 11. The Process of Providing Information Accounting Information System Design the accounting information system to meet stakeholders’ needs. 3 4 Record economic data about business activities and events.
  • 12. Accounting Information System The Process of Providing Information 5 Prepare accounting reports for stakeholders. STAKEHOLDERS Internal: Owners, managers, employees External: Customers, creditors, government
  • 13. “ WHOM ” do we report for?
  • 14.
  • 15. Manufacturing Business Types of Businesses Product Proton Cars, automotive parts Intel Computer chips Boeing Jet aircraft Nike Athletic shoes and apparel Coca-Cola Beverages Sony Stereos and television
  • 16. Merchandising Business Types of Businesses Product Jusco General merchandise Toys “R” Us Toys Tower Records Music & video records Guardian Beauty & health products Amazon.com Internet books, music, video retailer
  • 17. Service Business Types of Businesses Product Disney Entertainment Malaysia Airline Transportation Hilton Hotels Hospitality and lodging A Cut Above Hairdressing services Maxis Telecommunication
  • 18.
  • 19.
  • 20.
  • 21.
  • 24. “ HOW ” to record?
  • 25.
  • 26.
  • 27.
  • 28.
  • 29.
  • 30.
  • 31.
  • 32.
  • 33.
  • 34.
  • 35.
  • 36.
  • 37. Accounting reports, called financial statements , provide summarized information to the owner.
  • 38.
  • 39. Cycle of Accounting Record Process Source Documents Journal Ledger Trial Balance Income Statement Balance Sheet Transactions take place