College Accounting - MCCC

[Pages:36]1H06eintz & Parry

20th Edition

College Accounting

1 Chapter

Introduction to Accounting

1

Describe the purpose of accounting

The Purpose of Accounting

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? Financial information about the current operations and financial condition of a business to individuals and organizations

Who Are the Users of Accounting Information?

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? Managers

? Creditors

? Government Agencies

2

Describe the accounting process.

The Accounting Process

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Step One

ANALYZING

Looking at events that have taken place and thinking about how they affect the business.

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