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Introduction to Accounting 120 Chapter 1 Accounting:  The Key to Success
Course Outline To Be Decided… 100% Total 10% Final Test 20% Midterm 25% Unit Tests 45% Assignments
Class Rules ,[object Object],[object Object],[object Object],[object Object]
Learning Objectives ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Power of Accounting ,[object Object],[object Object],[object Object],[object Object]
Focus of Accounting ,[object Object],[object Object],[object Object]
Focus of Accounting ,[object Object],[object Object]
[object Object],[object Object],[object Object],Forms of Organization © 2007 McGraw-Hill Ryerson Ltd.
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Sole Proprietorships © 2007 McGraw-Hill Ryerson Ltd.
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Partnerships © 2007 McGraw-Hill Ryerson Ltd.
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Corporations © 2007 McGraw-Hill Ryerson Ltd.
[object Object],[object Object],[object Object],Non-Business Organizations © 2007 McGraw-Hill Ryerson Ltd.
Check for Understanding ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Check for Understanding ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Questions ,[object Object],[object Object],[object Object],[object Object]
Answers ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Users of Accounting Information ,[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],Questions asked by external users © 2007 McGraw-Hill Ryerson Ltd.
Users of Accounting Information ,[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],Questions asked by internal users © 2007 McGraw-Hill Ryerson Ltd.
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Users of Accounting Information © 2007 McGraw-Hill Ryerson Ltd.
Internal Operating Functions Research and Development Purchasing Human Resources Production Distribution Marketing Servicing Accounting Services
Understanding Ethics Ethics  are beliefs that differentiate right from wrong.  Ethics and laws often coincide, with the result that many unethical actions (such as theft and physical violence) are also illegal.
Ethics are Timeless ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Ethical Practices Build trust, which promoted loyalty and long-term relationships with customers, suppliers and employees.  Good ethics add to an organization’s reputation and its success.
[object Object],[object Object],[object Object],Ethics in Accounting © 2007 McGraw-Hill Ryerson Ltd.
[object Object],[object Object],[object Object],[object Object],[object Object],Ethics and Social Responsibility © 2007 McGraw-Hill Ryerson Ltd.
[object Object],[object Object],[object Object],[object Object],[object Object],Accounting Opportunities © 2007 McGraw-Hill Ryerson Ltd.
[object Object],[object Object],[object Object],[object Object],Accounting Opportunities © 2007 McGraw-Hill Ryerson Ltd.
[object Object],[object Object],[object Object],[object Object],Professional Certification © 2007 McGraw-Hill Ryerson Ltd.
Learning Objective 1 ,[object Object],[object Object]
Learning Objective 2 ,[object Object],[object Object]
Learning Objective 3 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Learning Objective 4 ,[object Object],[object Object]
Learning Objective 5 ,[object Object],[object Object]
Learning Objective 6 ,[object Object],[object Object]

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Chapter 1

  • 1. Introduction to Accounting 120 Chapter 1 Accounting: The Key to Success
  • 2. Course Outline To Be Decided… 100% Total 10% Final Test 20% Midterm 25% Unit Tests 45% Assignments
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.
  • 16.
  • 17.
  • 18.
  • 19.
  • 20.
  • 21.
  • 22. Internal Operating Functions Research and Development Purchasing Human Resources Production Distribution Marketing Servicing Accounting Services
  • 23. Understanding Ethics Ethics are beliefs that differentiate right from wrong. Ethics and laws often coincide, with the result that many unethical actions (such as theft and physical violence) are also illegal.
  • 24.
  • 25. Ethical Practices Build trust, which promoted loyalty and long-term relationships with customers, suppliers and employees. Good ethics add to an organization’s reputation and its success.
  • 26.
  • 27.
  • 28.
  • 29.
  • 30.
  • 31.
  • 32.
  • 33.
  • 34.
  • 35.
  • 36.