Define accounting, Process of Accounting

[object Object],[object Object],[object Object],Define Accounting? Building Blocks of Accounting Accounting Equation Using the Accounting Equation Financial Statements ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Accounting in Action

Accounting? Main Three Activities Accounting process involves the bookkeeping function. I The activities & accounting process Visit: http://www.expertsmind.com/accounting-homework-assignment-help.aspx

Who Uses Accounting Data Management two broad groups of users of financial information: internal users & external users. HR IRS Labor Unions SEC Marketing Finance Investors Creditors Visit: http://www.expertsmind.com/accounting-homework-assignment-help.aspx . Customers Internal Users External Users

[object Object],Who Uses Accounting Data User 1. May we afford to give our employees a pay raise? Human Resources 2. Did the company earn a satisfactory income? 3. Do we need to borrow in the near future? 4. Is cash sufficient to pay dividends to the stockholders? 5. What price for our product will maximize net income? Visit” http://www.expertsmind.com/ 6. Will the company be able to pay its short-term debts? Investors Management Finance Marketing Creditors And Employees!!!!

Define Basic Accounting Equation Assets Liabilities Stockholder’s Equity = + Provides the underlying framework for recording & summarizing economic events. Assets are claimed by creditors or owners. Claims of creditors must be paid before ownership claims. Visit: http://www.expertsmind.com/

Define accounting, Process of Accounting

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Define accounting, Process of Accounting