Professional Documents
Culture Documents
Outline
The nature of firm; The value of accounting; The Evolution of accounting; Accounting: A bird view
Opening Story
Everyone here is supposed to know the Outlaws of the Marsh; Question I:
Who plays the role of CFO of the Marsh Mountain Liang?
There are two;
Opening Story
Some other positions related to accounting;
Opening Story
Question II:
Why does the Marsh Mountaion Liang need such positions as CFO and Chief Controller? We must know that the title of SHUIHUZHUAN is also translated as All Men are Brothers.
Economic Man;
There is no ethics concept in Economists dictionary;
It is not from the benevolence of the butcher, the brewer, or the baker that expect our dinner, but from their regards their own interest. (Adam Smith);
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REMM perspective:
A coalition of economic men;
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When we define human being as REMM, we have to solve the fundamental issue:
How does REMM trust each other?
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Another story
The Crusaders (1095-1270); (1095Italian commodity economy, developed bank business;
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Firm
Financial statements Financial Accounting Auditing
Finance
Management Accounting
investors
Accounting Firms
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You may use knowledge freely as soon as you find the underlying regularity;
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Summary
The nature of firm: contemporary interest coalition of REMM; REMMs have to find cost-effective ways to build costtrust; Accounting is proven cheap and reliable; Accounting is evolving with economy and technology, etc;
Four main branches: Financial accounting, management accounting, corporate finance and auditing; Computer and internet: already changed accounting significantly;
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