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Lecture Principles of accounting (2005): Chapter 1 - Needles, Powers, Crosson

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Lecture Principles of accounting (2005): Chapter 1 - Needles, Powers, Crosson

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Chapter 1 - Uses of accounting information and the financial statements. Chapter 1 explores the nature and environment of accounting, with special emphasis on the users and uses of accounting information. It introduces the four basic financial statements, the concept of accounting measurement, and the effects of business transactions on financial position. This chapter concludes with a discussion of ethical considerations in accounting and a supplement entitled "How to Read an Annual Report."

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