基础会计(英文版)(第二版) Introduction.pptVIP

Introduction What is Accounting Accounting is the language of business. It is the process of analyzing, classifying, summarizing, and interpreting business transactions in financial or monetary terms. A Brief History of Accounting? Prelude period Tying knots on ropes Making marks on the wall Count with pebbles Birth of Bookkeeping Single-entry bookkeeping Development of Bookkeeping Double-entry bookkeeping Establishment as a social science True and fair view GAAP Unification of the accounting standards IAS set by the IASB Science of management CPA Managerial accounting A Brief History of Accounting? The Reform of China’s Accounting System? The accounting system under the planned economy The first Accounting Law Need for the unification of our accounting principles with foreign ones Basic unification Further unification Accounting and Bookkeeping Bookkeeping means the recording of transactions Accounting includes bookkeeping but goes well beyond it, including the design of efficient accounting systems, the performance of audits, the development of forecasts, etc. Classification of Accounting Private Accounting vs Public Accounting Financial Accounting vs Managerial Accounting Approach to the Study of Accounting? Three basic forms of business ownership Sole proprietorship Partnership Corporation