Chapter 1: Introduction to International Economics Note | Môn Kinh tế quốc tế - Đại học Ngoại Thương

lOMoAR cPSD| 58562220 Financial Accounting IFRS 4th Edition Weygandt ● Kimmel ● Kieso lOMoAR cPSD| 58562220 Chapter 1 Accounting in Action lOMoAR cPSD| 58562220 Chapter Preview
Good decision-making depends on good information.
Whatever your pursuits or occupation, the need for financial
information is inescapable. You cannot earn a living, spend money,
buy on credit, make an investment, or pay taxes without receiving, lOMoAR cPSD| 58562220
using, or dispensing financial information. Good decision-making depends on good information.
Copyright ©2019 John Wiley & Son, Inc. lOMoAR cPSD| 58562220 Chapter Outline lOMoAR cPSD| 58562220 lOMoAR cPSD| 58562220 Learning Objective 1
Identify the activities and users
associated with accounting.
Copyright ©2019 John Wiley & Sons, Inc. lOMoAR cPSD| 58562220
Accounting Activities and Users Three Activities
Accounting consists of three basic activities—it identifies, records, and
communicates the economic events of an organization to interested users.
Note: The accounting process includes the bookkeeping function.
Bookkeeping involves only the recording step. lOMoAR cPSD| 58562220
Accounting Activities and Users Internal Users