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The role of accounting in business. (Chapter 12) презентация
Содержание
- 1. The role of accounting in business. (Chapter 12)
- 2. The Role Of Accounting In Business Chapter 12 © 2015 Flat World Knowledge
- 3. Chapter Objectives Define accounting and identify its
- 4. Stakeholders “…parties who are interested in the
- 5. Accounting “…measuring and summarizing business activities, interpreting
- 6. Fields of Accounting Management Accounting – provides
- 7. Management Accounting Provides information and analysis to
- 8. Financial Accounting Prepare Statements
- 9. Users Of Accounting Information © 2015 Flat World Knowledge
- 10. © 2015 Flat World Knowledge Understanding Financial
- 11. Income Statement Revenues (or Sales) Cost of
- 12. Stress-Buster Income Statement © 2015 Flat World Knowledge
- 13. Proposed Income Statement #1 © 2015 Flat World Knowledge
- 14. Proposed Income Statement #2 © 2015 Flat World Knowledge
- 15. Breakeven Analysis “…To break even, total sales
- 16. Proposed Income Statement #3 © 2015 Flat World Knowledge
- 17. Balance Sheet “…tells what you have (and
- 18. Accounting Equation © 2015 Flat World Knowledge Assets = Liabilities + Owner’s Equity
- 19. Stress-Buster Balance Sheet © 2015 Flat World Knowledge
- 20. Stress-Buster Balance Sheet #2 © 2015 Flat World Knowledge
- 21. Accrual Accounting “…accountant records a transaction when
- 22. Classified Balance Sheet Assets Current—Convert to cash
- 23. College Shop Balance Sheet © 2015 Flat World Knowledge
- 24. College Shop Income Statement © 2015 Flat World Knowledge
- 25. End-of-Year Balance Sheet © 2015 Flat World Knowledge
- 26. Statement Of Cash Flows “…tells…where cash came
- 27. Cash Flow Statement © 2015 Flat World Knowledge
- 28. Comparative Income Statement © 2015 Flat World Knowledge
- 29. Income Statement With Vertical Percentage Analysis © 2015 Flat World Knowledge
- 30. Ratio Analysis Profit Margin How much of
- 31. Gross Profit Margin © 2015 Flat World Knowledge Gross Profit Margin = Gross Profit Sales
- 32. Net Profit Margin © 2015 Flat World Knowledge Net Profit Margin = Net Profit Sales
- 33. Comparative Balance Sheet © 2015 Flat World Knowledge
- 34. Inventory Turnover http://www.investopedia.com/articles/basics/05/052005.asp?o=40186&l=dir&qsrc=999&qo=investopediaSiteSearch&ap=investopedia.com © 2015 Flat World Knowledge Inventory Turnover = Sales Inventory
- 35. Return On Assets http://www.investopedia.com/articles/basics/05/052005.asp?o=40186&l=dir&qsrc=999&qo=investopediaSiteSearch&ap=investopedia.com © 2015
- 36. Current Ratio © 2015 Flat World Knowledge Current Ratio = Current Assets Current Liabilities
- 37. Debt-To-Equity © 2015 Flat World Knowledge Total Debt to Equity = Total Liabilities Total Equity
- 38. Interest Coverage © 2015 Flat World Knowledge Interest Coverage = Operating Income Interest Expense
- 39. In class activity: What Are Our
The Role Of
Accounting In Business Chapter 12 © 2015 Flat World Knowledge
Слайд 3Chapter Objectives
Define accounting and identify its uses
Understand the three basic financial
statements
Apply breakeven analysis
Understand cash-basis vs. accrual
Evaluate a company’s performance
Apply breakeven analysis
Understand cash-basis vs. accrual
Evaluate a company’s performance
© 2015 Flat World Knowledge
Слайд 4Stakeholders
“…parties who are interested in the activities of the business because
they’re affected by them…”
© 2015 Flat World Knowledge
Слайд 5Accounting
“…measuring and summarizing business activities, interpreting financial statements, and communicating the
results to management and other decision makers.”
© 2015 Flat World Knowledge
Слайд 6Fields of Accounting
Management Accounting – provides information to decision makers inside
the organization to help operate the business
Financial Accounting – furnishes information to individuals and groups inside/outside the organization to assess the firm’s financial performance
Financial Accounting – furnishes information to individuals and groups inside/outside the organization to assess the firm’s financial performance
© 2015 Flat World Knowledge
Слайд 7Management Accounting
Provides information and analysis to decision makers inside the organization
to help them operate them operate the
business
business
© 2015 Flat World Knowledge
Слайд 8Financial Accounting
Prepare Statements
Income Statement
Balance Sheet
Statement of Cash Flow
Using Generally
Accepted
Accounting Principles
© 2015 Flat World Knowledge
Слайд 10© 2015 Flat World Knowledge
Understanding Financial Statements
Income Statement – What sales
and expenses are and whether a profit is made
Balance Sheet – Indicates assets and liabilities and amount invested in company
Statement of Cash Flows – Shows how much cash flows in and out
Balance Sheet – Indicates assets and liabilities and amount invested in company
Statement of Cash Flows – Shows how much cash flows in and out
Слайд 11Income Statement
Revenues (or Sales)
Cost of Goods Sold
Gross Profit
Operating Expenses
Net Income (or
Loss)
© 2015 Flat World Knowledge
Слайд 15Breakeven Analysis
“…To break even, total sales revenue must exactly equal all
your expenses…”
Fixed Costs
Variable Costs
Contribution Margin Per Unit
Breakeven Point In Units
Fixed Costs
Variable Costs
Contribution Margin Per Unit
Breakeven Point In Units
© 2015 Flat World Knowledge
Слайд 17Balance Sheet
“…tells what you have (and where it came from) at
a specific point in time…”
Assets – Business resources
Liabilities – Debts owed to outside entities
Owner’s Equity – Amount invested
Assets – Business resources
Liabilities – Debts owed to outside entities
Owner’s Equity – Amount invested
© 2015 Flat World Knowledge
Слайд 21Accrual Accounting
“…accountant records a transaction when it occurs…”
Account Receivable
Account Payable
Inventory
© 2015
Flat World Knowledge
Слайд 22Classified Balance Sheet
Assets
Current—Convert to cash within a year
Long-Term—Hold for more than
a year
Liabilities
Current—Pay off within a year
Long-Term—Not due for more than a year
Liabilities
Current—Pay off within a year
Long-Term—Not due for more than a year
© 2015 Flat World Knowledge
Слайд 26Statement Of Cash Flows
“…tells…where cash came from and where it went.”
Activities:
Operating
Investing
Financing
©
2015 Flat World Knowledge
Слайд 30Ratio Analysis
Profit Margin
How much of each sales dollar is left after
certain costs have been covered
Management Efficiency
measure a company's ability to use its assets and manage its liabilities
Management Effectiveness
How well the company is performing with the invested money
Financial Condition
Assess firm’s financial strength
Management Efficiency
measure a company's ability to use its assets and manage its liabilities
Management Effectiveness
How well the company is performing with the invested money
Financial Condition
Assess firm’s financial strength
© 2015 Flat World Knowledge
Слайд 34Inventory Turnover
http://www.investopedia.com/articles/basics/05/052005.asp?o=40186&l=dir&qsrc=999&qo=investopediaSiteSearch&ap=investopedia.com
© 2015 Flat World Knowledge
Inventory
Turnover
=
Sales
Inventory
Слайд 35Return On Assets
http://www.investopedia.com/articles/basics/05/052005.asp?o=40186&l=dir&qsrc=999&qo=investopediaSiteSearch&ap=investopedia.com
© 2015 Flat World Knowledge
Return On
Assets
=
Net Profit
Total Assets
Слайд 38Interest Coverage
© 2015 Flat World Knowledge
Interest
Coverage
=
Operating Income
Interest Expense
Слайд 39In class activity:
What Are Our Ratios Trying to Tell Us?
The
accountant for your company just ran into the office and told you that your gross profit margin increased while your net profit margin decreased. She also reported that while our debt-to-equity ratio increased, our interest coverage ratio decreased.
She was puzzled by the apparent inconsistencies. Help her out by providing possible explanations for the behavior of these ratios.
She was puzzled by the apparent inconsistencies. Help her out by providing possible explanations for the behavior of these ratios.
© 2015 Flat World Knowledge
