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Uses of Accounting Information and the Financial

Uses of Accounting Information and the Financial

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Published by Ali

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Categories:Topics, Art & Design
Published by: Ali on Mar 09, 2010
Copyright:Attribution Non-commercial

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10/24/2011

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Uses of AccountingInformation and theFinancial Statements
Multimedia Slides by: Gail A. Mestas, MAcc, New Mexico State University 
Chapter 1
 
Copyright © Houghton Mifflin Company. All rights reserved.
1–2
Accounting
… is an
information system
thatmeasuresprocessescommunicatesfinancial informationabout an identifiable, economic entity
 
Copyright © Houghton Mifflin Company. All rights reserved.
1–3
Accounting
…supplies the
information
decision makers need to makereasoned choicesamong alternative uses of scarce resourcesin the conduct of business andeconomic activities

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