전공영어 제2강(3.12) Chapter1 Introduction to financial accounting: summary

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전공영어 제2강(3.12) chapter1 Introduction to financial accounting: summary

Please answer the following questions.

1. Definition of financial accounting(11page)

2. Who are accounting information users?(12)

3. other accounting branch(12)

financial accounting

cost(managerial) accounting

tax accounting

4. Type of financial statements:(14)

statement of financial position

comprehensive income statement

statement of cash flows/changes in equity

5. qualitative characteristics of accounting information(15)

6. 3 basic principle of financial accounting(16)

7. 2 underlying assumptions of financial accounting(17)

8. accounting equation(19)

assets= liabilities + equity

#example1-1

Record the following transactions(19)

9. Exercises 1-2,1-4, 1-6(even number questions in 2010)

Please read the textbook before you come to the class.