Name: Intro to Business CRN: T/Th 9:35 11:00 a.m. – Date (The date the assignment is turned in) Chapter 16 Outline Getting to the Bottom Line: Basic Accounting Concepts Discuss how both managers and external stakeholders use financial information. Managers use financial information by accounting. They use this financial information to plan and and make control a company’s operation business decisions. They also use this information to help evaluate the business. External stakeholders to see where there invested money is being used and if it is a good investment. It is also used for both to make good decisions. Accounting measuring, interpreting, and communicating financial – information to support internal and external decision making Financial accounting preparing financial information for users outside the – organization Management accounting preparing data for use by managers within the – organization Describe what accountants do. Accountants design accounting systems, prepare financial statements, analyze and interpret financial information, prepare financial forecasts and budgets, and prepare tax returns. Some accounts specialize in tax accounting, cost accounting, and financial analysis.
Name: Intro to Business CRN: T/Th 9:35 – 11:00 a.m. Date (The date the assignment is turned in) Chapter 16 Outline Getting to the Bottom Line: Basic Accounting Concepts Discuss how both managers and external stakeholders use financial information. Managers use financial information by accounting. They use this financial information to plan and control a company’s operation and make business decisions. They also use this information to help evaluate the business. External stakeholders to see where there invested money is being used and if it is a good investment. It is also used for both to make good decisions. Accounting – measuring, interpreting, and communicating financial information to support internal and external decision making Financial accounting – preparing financial information for users outside the organization Management accounting – preparing data for use by managers within the organization Describe what accountants do. Accountants design accounting systems, prepare financial statements, analyze and interpret financial information, prepare financial forecasts and budgets, and prepare tax returns. Some accounts specialize in tax accounting, cost accounting, and financial analysis.
Example.IntroBusinessOutline2008.docx