Financial accounting provides information for decision-making.

Author: Wu Lina
Publisher:
Publish Date: 1997-05-01
Features: The accounting information system is a continuous cycle system that arises from the transformation of resources into goods or services. This resource transformation process forms the enterprise data processing process, including the measurement, processing, summarization, and reporting of economic activities and their results. These reports help businesses make correct financing, investment, and operational decisions, and these decisions, in turn, influence new resource transformation activities. Viewing accounting as an information system closely related to decision-making will help people better understand Professor Ingram's highly successful and pioneering book—Financial Accounting: Providing Information for Decision Making. This book is based on decision-makers associated with organizations and describes in detail the accounting knowledge relevant to business decisions from the perspective of decision-makers. It also introduces content related to financial statement analysis and management accounting.