讲座1lecture 1 conceptual framework概念框架.pptx

Lecture1:AccountingRegulationtheConceptualFramework1TextBook:Loftusetal.2013edition,UnderstandingAustralianAccountingStandards

TextReading:Loftus,Chapter1TutorialQuestions:Comprehensionquestions:3,4,6,12,13Inadditionanswerthefollowing:Whatisareportingentity,andwhatfactorswouldyouconsiderindeterminingwhetheranentityisareportingentity?Whatisageneralpurposefinancialstatement? 2

IntroductionIdentifythekeysourcesofregulationoffinancialreportinginAustraliaIdentifythekeyplayersinfinancialreportingregulationKeycomponentsoftheConceptualFrameworkQualitativecharacteristicsofinformationTheelementsoffinancialstatements3LearningObjectives

RoleofFinancialAccountingTopreparestatementsthatfairlyreflectthefinancialhealthofthefirmFinancialaccountingisaprocessinvolvingthecollectionandprocessingoffinancialinformationtomeetthedecision-makingneedsofpartiesexternaltotheorganisation4Introduction

WhyisthereademandforFinancialAccounting?Toassistpotentialusers’invaluingthefirmTomonitortheactionsofmanagementUsers’(investors,employees,lenders,customers,suppliersetc.)demandfor‘general-purposefinancialstatements’Usersgenerallylackthepowertodemandspecificinformationtomeettheirneeds—hencetheneedfor‘general-purposefinancialstatements’5Introduction

General-purposefinancialstatements:Representfinancialstatementsandsupportingnotesincludedwithinanannualreportpresentedtoshareholdersatacompany’sannualgeneralmeetingComplywiththeAASBFrameworkandaccountingstandardsMeettheinformationneedscommontousers6Introduction

BusinessandFinancingActivitiesAccountingSystemAccountingReportsFinancialManagerialExternalusers(creditors,investors,etc.)Internalusers(managers,etc.)RunthecompanyEvaluatethecompanyAccountingisasystemofanalyzing,recording,summarizingandreportingtheresultsofabusiness’sac