AEM 221: First day of class notes

AEM 221: First day of class notes - Investors receive...

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8.27.2007 AEM 221 Overview Professor Jack Little- [email protected] CPA, ex- managing partner OH: M 3-5 W 12:30-2 TA: Chapter 1 Owner-Managers- founders of the business Creditors- lend money for a specific period of time and gain by charging interest on the money they lend Investors- buy ownership in the company in the form of stock
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Unformatted text preview: Investors receive ownership by:-selling ownership interest in the future-receiving dividends (rewards company pays to shareholders) Accounting System Collects and processes financial information Accounting System Financial accounting...
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