ACCA/CAT

Recording : transactions must be recorded as they occur in order to provide up-to-date information for management.

Summarizing: the transactions for a period are summarized in order to provide information about the company to interested parties.

☆Types of accounting

Financial accounting vs management accounting

Accounting reports users include:

●Management: Need information about the company’s financial situation as it is currently and it is expected to be in the future. This is to enable them to manage

the business efficiently and to make effective decisions.

●Investors: The providers of risk, capital and their advisers are concerned with the risk inherent in, and return provided by, their investments. They need information to help them determine whether they should buy, hold or sell.

●Trade payables/ Suppliers: Suppliers and other trade payables. Suppliers and other trade payables are interested in information that enables them to determine whether amounts owing to them will be paid when due. Trade payables are likely to be interested in an enterprise over a shorter period than lenders unless they are dependent upon the continuance of an enterprise as a major customer.

●Shareholders: Shareholders are also interested in market value of shares as well as information which enables them to assess the ability of the enterprise to pay dividends.

●Lenders: Lenders are interested in information that enables them to determine whether their loans, and the interest attaching to them, will be paid when due.

●Customers: Customers have an interest in information about the continuance of an enterprise, especially when they have a long term involvement with or are dependent on, the enterprise.

●Government and their agencies: Governments are their agencies are interested in the allocation of resources and, therefore, the activities of enterprises. They also require information in order to regulate the activities of enterprises, determine taxation policies and as the basis for national income and similar statistics.

●Employees: Employees and their representative groups are interested in information about the stability and profitability of their employers. They are also interested in information which enables them to assess the ability of the enterprise to prove remuneration, retirement benefits and employment opportunities.

●General public: Enterprises affect members of the public in an variety of ways. For example, enterprises may make a substantial contribution to the local economy in many ways including the number of people they employ and their patronage of local suppliers. Financial statements may assist the public by providing information about the trends and recent developments in the prosperity of the enterprise and the range of its activities.

☆The business entity concept

The business entity concept

●States that financial accounting information relates only to the activities of the business entity and not to the activities of its owner.

●The business entity is treated as separate from its owners.

编辑推荐：

2016年6月ACCA考试报名时间及科目

ACCA特许会计师通关必备历年考试真题

（责任编辑：）

共3页,当前第2页  第一页  前一页  下一页