100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Summary Chapter 1 ~ Financial and managerial accounting 18th edition $3.88   Add to cart

Summary

Summary Chapter 1 ~ Financial and managerial accounting 18th edition

3 reviews
 477 views  1 purchase
  • Course
  • Institution
  • Book

Samenvatting is afkomstig van 'Financial and managerial accounting 18th edition'. Geschreven door Jan R. Williams, Susan F. Haka, Mark S. Bettner, Joseph V. Carcello. De samenvatting is geordend per paragraaf met afbeeldingen uit het boek en de uitleg in puntjes beschreven. Formules worden duide...

[Show more]

Preview 1 out of 5  pages

  • No
  • Chapter 1
  • August 19, 2018
  • 5
  • 2017/2018
  • Summary

3  reviews

review-writer-avatar

By: xmiloujanssen • 6 year ago

review-writer-avatar

By: tinar97 • 6 year ago

review-writer-avatar

By: ElizaS • 6 year ago

avatar-seller
Financing and Accountng Block 1 Chapter 1 Summery

LO1-1 Discuss accountnn as the lannuane of business and the role of accountnn informaton
in makinn economic decisions
Primary objective of accountnngs
 Provide informaton that is useful with making business decisions
 Result  societal prosperity and welfare is maximized

Accountng is sometmes called the language of business. Because its widely used to describe
all types of business actvity.
Typegs of accountnn informaton
1. Financial accountng (for external stakeholders)
a. Providing informaton about the fnancial resources, obligatons, and actvites
of an entry that is intended for use primarily by external decision makers
investors and creditors
2. Management accountng (for internal stakeholder)
a. Providing informaton that is intended primarily for use by internal
management in decision making required to run the business
3. Tax accountng (for tax authorites)
The accountnn procegsgs
 accountng informaton used by making
economic disisions and specifc actons
 The decisions and actons results in the cycle



Bagsic functongs of an accountnn gsygstem
1. Record business transactons
2. Classify the efects of similar transactons to
compute totals to be used in reports
3. Summarize the informaton and communicaton to decision makers


Accountnn The personnel, produces, technology, and records used by an
gsygstem organizaton to develop accountng informaton and communicate
that informaton to decision makers.


Informaton system:




External ugsergs Individuals and other enterprises that have a current or potental

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Fleurultee. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $3.88. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

82871 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling

Recently viewed by you


$3.88  1x  sold
  • (3)
  Add to cart