T Bank for Accounting Principles Volume 1 8th C Study guides, Class notes & Summaries

Test Bank for Accounting Principles Volume 1 8th Canadian Edition Weygandt Last document update:   ago

CHAPTER 1 ACCOUNTING IN ACTION CHAPTER LEARNING OBJECTIVES 1. Identify the use and users of accounting and the objective of financial reporting. Accounting is the information system that identifies, records, and communicates the economic events of an organization to a wide variety of interested users. Good accounting is important to people both inside and outside the organization. Internal users, such as management, use accounting information to plan, control, and evaluate business operat...