Accounting Presentation

Accounting Presentation


Group members

The Accounting Information of

The Personnel, procedures, devices, and
System
records used by an organization to develop accounting information and communicate that information to decision makers The accounting process

Economic activities Actions
(decisions)

Accounting
“links” decision makers with economic activities  and with the results of their decisions.
Decision
makers

Accounting information Types of Accounting
Information


Financial

Providing information about the financial resources, obligations, and activities of an economic entity that is intended for use primarily by external decision makers – investors and creditors. 

Managerial
Providing information that is intended primarily for use by internal management in decision making required to run the business. return of investment The repayment to an investor of the amount originally invested in another enterprise.

Basic Functions of an
Accounting System
 Interpret and record business transactions.

 Classify similar transactions into useful reports.  Summarize and communicate information to decision makers.

Information
Information System
System

Information
Information
Users
Users
Investors
Investors
Creditors
Creditors
Managers
Managers
Owners
Owners
Customers
Customers
Employees
Employees
Regulatory
Regulatory
agencies agencies -SEC
-SEC
-IRS
-IRS
-EPA
-EPA

Cost
Cost&&Revenue
Revenue
Determination
Determination
Job
Jobcosting costing Process
Processcosting
costing
ABC
ABC
Sales
Sales
Assets
Assets&&
Liabilities
Liabilities
Plant
Plantand and equipment equipment Loans
Loans&&equity
equity
Receivables,
Receivables, payables payables&&cash cash Cash
CashFlows
Flows
From
Fromoperations operations From
Fromfinancing
financing
From
Frominvesting
investing