slides_module1.pdf - ACCT 701 Managerial Use of Accounting...

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ACCT 701 Managerial Use of Accounting Dat Module 1 Dr. Yu Bai
Topic 1 what is accounting? And who are th users of accounting information?
What is accounting?
What is accounting?
Example Apple Issues Profit Warning, Cuts Revenue Outlook By $9 Bill Amid Pricey iPhone Sales Drop (Jan 2, 2019) Jan 3, AAPL was almost 9% down on Jan 2 close.
Who needs accounting information?
Who needs accounting information?
Who needs accounting information?
Are there different kinds of accounting?
Are there different kinds of accounting? Financial accounting Standardized reports for external parties Managerial accounting Custom reports for internal decision making Tax accounting IRS rules for computing taxes payable

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