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ACCOUNTING:ACCOUNTING:TEXT AND CASESTEXT AND CASES
Robert N. AnthonyRobert N. AnthonyDavid F. HawkinsDavid F. HawkinsKenneth A. MerchantKenneth A. Merchant
 McGraw-Hill© 2004 The McGraw-Hill Companies, Inc. All rights reserved.
 
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Chapter 1Chapter 1The Nature and PurposeThe Nature and Purposeof Accountingof Accounting
 
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What Accounting DoesWhat Accounting Does
Accounting is a system that providesAccounting is a system that providesinformation on:information on:
Amounts of resources.Amounts of resources.
How resources were financed.How resources were financed.
Results achieved by using resources.Results achieved by using resources.
For either:For either:
Parties inside and outside of the organization.Parties inside and outside of the organization.
Profit and nonprofit organizations.Profit and nonprofit organizations.
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