Depend on accounting information to help make decisions on public issues (tax
authorities, regulatory agencies, financial advisors, lawyers, customers, suppliers, etc.)
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Indirect Financial Interest
Determines financial statement rules for public companies
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SEC (Securities And Exchange Commission)
Develops international accounting standards.
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IASC (International Accounting Standards Committee)
Illustrates the cash flows (+) and cash outflows (-) of cash into and out of a business
over a period of time.
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Statement of Cash Flows
Assets contributed to the business by its owner(s). Affects equity.
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Owner Investments
An information system that measures, processes, and communicates financial
information about an identifiable economic entity.
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Accounting
Used by external decision makers, communicates financial information (financial
statements), highly summarized, must adhere to the GAAP.
authorities, regulatory agencies, financial advisors, lawyers, customers, suppliers, etc.)
Give this one a try later!
Indirect Financial Interest
Determines financial statement rules for public companies
Give this one a try later!
SEC (Securities And Exchange Commission)
Develops international accounting standards.
, Give this one a try later!
IASC (International Accounting Standards Committee)
Illustrates the cash flows (+) and cash outflows (-) of cash into and out of a business
over a period of time.
Give this one a try later!
Statement of Cash Flows
Assets contributed to the business by its owner(s). Affects equity.
Give this one a try later!
Owner Investments
An information system that measures, processes, and communicates financial
information about an identifiable economic entity.
Give this one a try later!
Accounting
Used by external decision makers, communicates financial information (financial
statements), highly summarized, must adhere to the GAAP.
