13_Entity_Performance_Measurement

13_Entity_Performance_Measurement - 13 Entity Performance...

Info iconThis preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
Click to edit Master subtitle style 6/5/11 Entity Performance Measurement Accountancy 301 Professor Clifton Brown 13 October 11, 2010
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
6/5/11 Productive organizations Entities such as business corporations exist primarily because of their effectiveness and efficiency in creating In modern societies, these entities require large amounts of financial capital in order to achieve scale of operations
Background image of page 2
6/5/11 Accountability in capital contracts Entities achieve accountability to those who provide financial capital by reporting information about Economic resources Claims to economic resources Effects of transactions, events, and circumstances that change resources & claims to resources SFAC #1, which was replaced in September 2010 by SFAC # 8 Conceptual Framework for Financial Reporting (Chapter 1, The Objective of General Purpose Financial Reporting)
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
6/5/11 Entity performance measures Investors/creditors often transform the accounting information into a
Background image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page1 / 10

13_Entity_Performance_Measurement - 13 Entity Performance...

This preview shows document pages 1 - 5. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online