ACIS 2116 Chapter 1 Slides

ACIS 2116 Chapter 1 Slides - ACIS 2116 Chapter One...

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1 ACIS 2116 Chapter One Accounting Information and Managerial Decisions
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2 What is Accounting? System Data Information Knowledge Decision usefulness
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3 Knowledge Management Tools Data Warehouses Knowledge Warehouses Enterprise Resource Planning (ERP) Systems Electronic Data Interchange (EDI)
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4 Hmm… So what is the difference between financial and managerial accounting?
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5 Financial vs. Managerial Accounting Users Financial Accounting Managerial Accounting External Investors Creditors Tax Authorities Regulators Suppliers Customers Internal Managers Employees
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6 Financial vs. Managerial Accounting Time Focus Financial Accounting Managerial Accounting Historical Perspective Future Emphasis Precision vs. Timeliness Emphasis on Precision Emphasis on Timeliness Flexibility Less Flexible More Flexible
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7 Financial vs. Managerial Accounting Subject Financial Accounting Managerial Accounting Summarized Data for Whole Organization Segments GAAP Must Follow Not Applicable Requirements Mandatory Not Mandatory
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8 Work of Management Planning Controlling Operating
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This note was uploaded on 03/18/2008 for the course ACIS 2116 taught by Professor Cmeasterwood during the Fall '08 term at Virginia Tech.

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ACIS 2116 Chapter 1 Slides - ACIS 2116 Chapter One...

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