ACCT 001 Lecture Notes - Lecture 1: Stock Market, Financial Accounting, Financial Analyst
17 Sep 2020
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Document Summary
Produced by a large set of people activities and computers. Accounting is a process of identifying, measuring and communicating economic information to allow informed decisions by the users of that information. Financial accounting measures an organisations performance over time and its position at a point in time. The generation of new resources and obligations at a point in time. The reports describing financial performance and financial position. Are a port of statements, adding explanations to the numbers. Managers who run organisations on behalf of owners. Governments in monitoring the actions of organisations. Users often have differing opinions on accounting. Evaluation of the ceo"s performance by a member of the board of directors. Preparation of buy sell or hold recommendations by a financial analyst. Review of the company"s borrowing status by a bank lending officer. Development of a supply contract with the company by a stationary suppliers. Determining pay rises by management and unions.
