This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: Cash Flow Statement Accompanying Footnotes Government Reports Tax Return 10-K Whatever kind of report that provides info relevant to decision at hand CHAPTER 1 STUDYNOTES 2 Governed by: Financial Statements--Generally Accepted Accounting Principles (GAAP) Pronouncements issued by Financial Accounting Standards Board (FASB) GAAPBible of accounting established by FASB Accounting principles governed by certain basic concepts & principles reliability (objectivity), historical cost, going-concern, stable monetary unit see textbook Government ReportsCongress, State legislatures, government agencies (eg IRS, SEC) Professional managerial literature & studies (no governing body or law) Notesame basic pool of data, the accounting records, is used by both financial & managerial accounting; it is the compilation, summarization and kinds of reports issued that is different...
View Full Document
This note was uploaded on 04/10/2008 for the course MGA 201 taught by Professor Anderson during the Fall '08 term at SUNY Buffalo.
- Fall '08
- The Bible