Sử dụng vốn từ vựng kế toán, Áp dụng các khái niệm và nguyên tắc kế toán, Sử dụng phương trình kế toán, Phân tích giao dịch kinh doanh, Chuẩn bị báo cáo tài chính, Đánh giá hiệu quả kinh doanh , | Accounting and the Business Environment Chapter 1 Objective 1 Use accounting vocabulary is an information system that. measures business activities, processes information, and. communicates financial information. Accounting. is called the language of business. Accounting. External users make decisions about the entity. Internal users make decisions for the entity. Users of Accounting Information Management Accounting Financial Accounting Fields of Accounting Accounting can be divided into two fields – financial accounting and management accounting. Financial accounting focuses on information for people outside the entity. Management accounting focuses on information for internal decision makers of an entity. Public Sector (SEC) Private Sector (FASB) Private Sector (AICPA) (IMA) GAAP The Authority Underlying Accounting All professions have regulations. Accounting is no different. The major organizations that influence the profession are shown here. In the public sector, the . | Accounting and the Business Environment Chapter 1 Objective 1 Use accounting vocabulary is an information system that. measures business activities, processes information, and. communicates financial information. Accounting. is called the language of business. Accounting. External users make decisions about the entity. Internal users make decisions for the entity. Users of Accounting Information Management Accounting Financial Accounting Fields of Accounting Accounting can be divided into two fields – financial accounting and management accounting. Financial accounting focuses on information for people outside the entity. Management accounting focuses on information for internal decision makers of an entity. Public Sector (SEC) Private Sector (FASB) Private Sector (AICPA) (IMA) GAAP The Authority Underlying Accounting All professions have regulations. Accounting is no different. The major organizations that influence the profession are shown here. In the public sector, the Securities and Exchange Commission (SEC) requires companies to have their financial statements audited by independent accountants. In the private sector, the FASB determines how accounting is practiced in the United States, which is put forth in generally accepted accounting principles, called GAAP. The American Institute of Certified Public Accountants and the Institute of Management Accountants in the private sector work closely with both the SEC and the FASB. AICPA’s Code of Professional Conduct Standards of Ethical Conduct of the Institute of Management Accountants Standards of Professional Conduct Ethical considerations affect everything accountants do. External users making investment decisions rely on the financial information accountants generate, yet there is considerable pressure on the accountants to make the company’s financial position look as good as possible. See the conflict? Both the AICPA and the IMA have codes or standards of ethical conduct for their members, and the .
