chapitre1.py

Created on December 04, 2025
726 Bytes
CH1 - FINANCIAL ACCOUNTING
# WHAT IS ACCOUNTING?
# record transactions
# summarize & report
# info for investors, creditors, managers
# shows: profitability, position, cash flows

# ACCOUNTING SYSTEM
# people + procedures + tech + records
# purpose: produce & communicate info

# USERS (EXTERNAL)
# owners, creditors, investors
# govt agencies, suppliers, customers

# USERS (INTERNAL)
# managers, CFO, CEO, directors

# FINANCIAL STMTS
# Balance Sheet
# Income Statement
# Retained Earnings
# Cash Flows

# PURPOSE OF FINANCIAL INFO
# assess resources + claims
# predict future cash flows
# support decisions (invest, lend, manage)

# BASIC FUNCTIONS
# interpret + record
# classify
# summarize + communicate