Accounting: Information for Decision Making
• The primary objective of accounting – to provide information that is useful for making decisions.
Users of Accounting Information
why they need the information; • Understand the types of accounting information; • Have a general idea of the professional fields of
accounting and their duties. • Learn the accounting terms in this chapter and use them
Suggestions for study
• Previewing the text is very important.
• 《An English –Chinese Dictionary of Accounting》，《英汉双解财会词典》，外 语教学与研究出版社， [英] P.H. Collin, Adrian Joliffe 编，张炜等译，2002年9 月第1版
– Company – Corporation
Definition of Accounting
• Accounting is an information system designed to record, classify and summarize systematically significant financial and other economic information about business firms, and analyses and interprets its results, with monetary unit as its main criterion.
CHAPTER 1
ACCOUNTING: THE BASIS FOR DECISIONS
Learning Objectives
• Explain the definition of accounting; • Understand the basic function of accounting; • Ascertain the users of accounting information and know
– Revenue 收入
• Earnings = profits 利润 • Plant 工厂，植物，机器设备
Internal users of accounting information
• Question: – Which decisions are to be made by internal users except for management?
External users of accounting information
• 课后自学P7第1段 • Question:
– Which decisions are to be made by external users ?
Objective of External Financial Reporting
Internal users of accounting information
• Owe 欠债
– Owe ff 偿还 • Mature = be due v.到期
– Maturity n.到期
• Inventory = stock 存货 • Expense 费用
Accounting English
• Why do you take the course of Accounting English?
• What are the learning objectives of Accounting English?
• Is Accounting English difficult?
External users of accounting information
• Question: – How to define external users of accounting information? – Who are external users of accounting information? – Could the accountant provide accounting information to meet the needs of diverse users? • Who are the two primary external users of accounting information?
in the translation task.
• Accounting 会计（学） • Accountant 会计师
– Bean Counter 数豆子的人 • Different expressions about “ 企业” in English
– Business
– Enterprise
– Firm
Users of Accounting Information
External users Internal users
Internal users of accounting information
• Question: – How to define internal users of accounting information? – Who are internal users of accounting information? – Which decisions made by the management ？
• What is the objective of external financial reporting? • Operation performance 经营成果 • Financial position 财务状况 • Cash flow 现金流 • Return of investment 投资回收 • Return on investment 投资回报 • 课后自学P8第2和第4段 • 练习：P13 Exercises 1