SCEIS ACCOUNTING 101U - South Carolina

[Pages:118]SCEIS ACCOUNTING 101U

LESSON 1: GENERAL ACCOUNTING OVERVIEW AND FUNDAMENTALS

Accounting Overview

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Accounting Overview

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Accounting Overview

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Accounting Overview

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Accounting Standards and Principles

Generally Accepted Accounting Principles(GAAP)

Used regardless of the size or nature of the organization Help measure and report on financial activities in a dependable, relevant and comparable way Primarily used by organizations that distribute financial statements to the public

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Accounting Standards and Principles

US Securities and Exchange Commission (SEC)

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