Transcription of Chapter 1 The Role of Accounting in Business
{{id}} {{{paragraph}}}
Chapter 1 The Role of Accounting in BusinessTHELAW OFNAVIGATION Anyone can steer the ship, but ittakes a leader to chart the course. The 21 Irrefutable Laws of LeadershipDr. John C. MaxwellLearning Goals1 Describe the types and forms of businesses, Business strategies, valuechains, and the three Business activitiesof financing, investing, and Accounting and its role and illustrate the basic financial statements and how eight basic Accounting con-cepts underlying financial and illustrate how horizontalanalysis can be used to analyze andevaluate a company s Foods CorporationFor Milton Hershey, the founder of Hershey Foods Corporation, the ability to overcomefailure and to try, try again was a key to success. His first encounter with failure cameat the age of eighteen when a small candy shop he opened in Philadelphia failed after sixyears. His next two attempts at the candy-making Business also failed first in Chicagoand then in New York.
Define accounting and its role in business. 4 Describe and illustrate the basic financial statements and how they interrelate. 5 Describe eight basic accounting con-cepts underlying financial reporting. 6 Describe and illustrate how horizontal analysis can be used to analyze and evaluate a company’s performance. 2
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document:
{{id}} {{{paragraph}}}