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Accounting Principles and Concepts

Accounting Principles and ConceptsSharon Z. Weiss, David East, Hartley, Damon, Carroll, CPAP resented to: American Bar AssociationApril 10, 20082 ObjectivesTo provide a basic understanding Key Accounting Concepts Financial statements (what are they?) Financial statement analysis techniques Regulatory governance Auditor reports Ratio analysis Putting financial statements to use Hot Topics ( , Sarbanes-Oxley)3 Key Accounting Concepts4 Accounting is the identification, measurement, and communication of financial information about economic entities to interested : Kieso, Donald E. and Jerry J.

4 Accounting is the identification, measurement, and communication of financial information about economic entities to interested parties. Source: Kieso, Donald E. and Jerry J. Weigandt, Intermediate Accounting. Eighth Edition.

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