Lecture%201_std

Lecture%201_std - Delivered by T Y Zhang 1 AC 3111...

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Unformatted text preview: Delivered by T Y Zhang 1 AC 3111 Financial Reporting I Tianyu Zhang Who am I? Tianyu Zhang Week 1 2 Contacting information Tianyu Zhang (Instructor) Office: RM1042 Cheung Yu-Tung Building Office line: 2609-7841 Email: tyzhang@cuhk.edu.hk Wilburn Tsang (TA) Office: RM1049 Cheung Yu-Tung Building Phone: 2609 7644 Email: wilburnt@baf.msmail.cuhk.edu.hk List of companies you are going to follow for your group project: 4 ID Name 315 SmarTone Telecommunications Holdings Ltd. 330 Esprit Holdings Ltd. 116 Chow Sang Sang Holdings International Ltd. 293 Cathay Pacific Airways Ltd. 392 Beijing Enterprises Holdings Ltd. 493 GOME Electrical Appliances Holding Ltd. 592 Bossini International Holdings Ltd. 709 Giordano International Ltd. 1171 Yanzhou Coal Mining Co. Ltd. Data access 5 Go to: http://www.hkexnews.hk/listedco/listconews/adva Then: 1) Input stock code 2) Headline category/document type: click all 3) Input news title: annual report 4) Submit the search. If you are interested in some Chinese listed firms Join your group and start early!! 1. Why do we need accounting information? 7 Companies need large amounts of capital for operations 8 Companies may obtain capital by issuing capital stock... Stock Exchange 9 Bank or by borrowing from lenders 10 Corporations Financial Institutions Investors Borrow money Sell stocks and bonds Primary Market (e.g., individuals, banks) Secondary Market (e.g., New York Stock Exchange) Buy and sell stocks and bonds Capital Markets Buy and sell stocks and bonds Buy and sell stocks and bonds Investors Investors 11 Accumu- late Accounting Information Communi- cate External User Internal User Extern al Decisio n Making Company s Economic Activities Impact Impact Accounting Information Economic Activities and Decision Making Interna l Decisio n Making External users of financial information 12 Shareholders / Investors Creditors / Suppliers Debtors / Customers Lenders Regulatory bodies / Government E.g. Tax authorities, Stock Exchange Public Internal Users of financial information 13 Board of Directors Management E.g. CEO, CFO, line managers, etc Employees 14 Sources of Authority Internal needs Managerial Accounting Financial Accounting GAAP Comparison of Financial and Managerial Accounting 15 Time Frame of Reported Information Present and future Managerial Accounting Primarily historical Financial Accounting Comparison of Financial and Managerial Accounting 16 Scope Total company & Segment reporting Financial Accounting Individual departments, divisions, and total company Managerial Accounting Comparison of Financial and Managerial Accounting 17 Type of Information Primarily quantitative S a le s $ 2 7 5 , 2 4 C o s t 1 8 , 1 2 G r o s s m a r . 9 5 , 1 2 E x p e n s e s 8 , 1 2 N e t in c . $ 1 5 , Financial Accounting Qualitative as well as quantitative M a t e r i a l s u s a g e i s u n f a v o r a b l e b y $...
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This note was uploaded on 02/04/2012 for the course ACCT 3111 taught by Professor Zhang during the Spring '11 term at CUHK.

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Lecture%201_std - Delivered by T Y Zhang 1 AC 3111...

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