ACC1701 Summary Exam Notes AY2020/2021
Lecture 1: Accounting for Decision Makers
• What is Financial Statement & Accounting meaning
• Users of Accounting Information
1
,ACC1701 Summary Exam Notes AY2020/2021
• 3 Types of Financial Accounting
2
,ACC1701 Summary Exam Notes AY2020/2021
• Financial Accounting Standards
• To know which Standard the company use, have to check the Auditor’s Note in the first few
pages
3
, ACC1701 Summary Exam Notes AY2020/2021
• Qualitive Characteristics
4
Lecture 1: Accounting for Decision Makers
• What is Financial Statement & Accounting meaning
• Users of Accounting Information
1
,ACC1701 Summary Exam Notes AY2020/2021
• 3 Types of Financial Accounting
2
,ACC1701 Summary Exam Notes AY2020/2021
• Financial Accounting Standards
• To know which Standard the company use, have to check the Auditor’s Note in the first few
pages
3
, ACC1701 Summary Exam Notes AY2020/2021
• Qualitive Characteristics
4