中级财务会计英文ch01.ppt

Financial Accounting and Accounting Standards Chapter 1 Learning Objectives Understand capital markets and decision making. Know what is included in financial reporting. Explain generally accepted accounting principles (GAAP) and the sources of GAAP. Identify the types of pronouncements issued by the FASB. Learning Objectives More Accountants Needed Estimated Hiring Increase An information system whose purpose is to . . . Information about an economic entity to those with an interest in the financial affairs of the entity Accounting Information Economic Activities  and Decision Making Comparison of Financial and  Managerial Accounting Financial Reporting Financial Reporting The balance sheet (or statement of financial position) which summarizes a company’s financial position at a given date. The income statement which summarizes the results of a company’s income producing activities for a period of time. The statement of cash flows which summarizes a company’s cash inflows and outflows for a period of time. Public Accounting Management Accounting Not-for-Profit Accounting Pronouncements by designated authoritative bodies that must be followed in all applicable cases. Accounting practices developed by respected bodies and industries or that have evolved over time. Generally Accepted Accounting Principles (GAAP) House of GAAP 来 源 文 件 名 称 (1)权威机构如FASB、APB、 FASB 财务会计准则公报及公报解释 CAP、SEC等发行的文件 APB 意见书 AICPA（CAP） 会计研究公报 SEC S—X法规及财务报告丛刊 (2)会计专家组织所发布 FASB 技术性公报 的曾经过大众表示 AICPA 产业会计及审计指引 意见的文件 AICPA 立场公报 (3)会计专家组织所发 FASB 紧急问题处理小组公报 布的未经过大众表 AICPA 实务公报 示意见的文件 (4)被广泛接受的实务及 AICPA 会计解释