4-Accounting & Finance 1 .ppt

4-Accounting & Finance 1 .ppt - BMGT 110...

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BMGT 110 Introduction to Business Management Accounting & Finance 1
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Agenda Accounting and Finance Income Statements and Balance Sheets Financial Ratios Financial Markets
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Accounting and Finance Accounting Accounting for assets, liabilities and owners equity Finance Managing sources and uses of capital
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Accounting Purpose of Accounting Managerial reporting (internal) Management planning and control Budgeting Financial reporting (external) Information for investors and creditors Tax preparation
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Accountants Private (internal) Controllers (CPAs and CMA) Internal auditors Public Certified Public Accountant (CPA) External auditors “Big Four” – four largest US public accounting firms Pricewaterhouse Coopers KPMG Bookkeepers Clerical activities
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Double-Entry System Assets = Liabilities + Owner’s Equity Must “balance” after each entry
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4-Accounting & Finance 1 .ppt - BMGT 110...

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