F1-ch8PPT课件下载推荐.ppt

F1-ch8PPT课件下载推荐.ppt

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A.ManagersofthecompanyB.ShareholdersofthecompanyC.TaxauthorityD.Financialanalysisadvisiors,1.Thepurposeofaccountinginformation,Qualitiesofgoodinformationa.Relevanceb.Comprehensibilityc.Reliabilityd.Completenesse.Objectivityf.Timelinessg.Comparability,1.Thepurposeofaccountinginformation,Thestructureofaccountingfunctiona.FinancialcontrollerRoutineaccountingProvidingaccountingreportsCashiersdutiesandcashcontrol,1.Thepurposeofaccountinginformation,Thestructureofaccountingfunctionb.ManagementaccountingCostingaccountingBudgetsandbudgetarycontrolFinancialmanagementofprojects,1.Thepurposeofaccountinginformation,Thestructureofaccountingfunctionc.TreasurerRaisingfundsbyborrowingInvestingsurplusfundsCashflowcontrol,1.Thepurposeofaccountinginformation,ExamplequestionInatypicalfinancefunction,preparationofbudgetsandbudgetarycontrolwouldusuallybetheresponsibilityofwhichofthefollowingroles?

A.ThefinancialcontrollerB.ThemanagementaccountantC.ThetreasureD.Thefinancedirector,2.Nature,principlesandscopeofaccounting,Financialaccountingandmanagementaccountinga.FinancialaccountingAmethodofreportingtheresultsandfinancialpositionofabusinessmainlytotheexternalusersb.ManagementaccountingAmanagementinformationsystemwhichanalysesdatatoprovideinformationasabasisformanagerialaction,2.Nature,principlesandscopeofaccounting,FinancialmanagementThefinancialmanagementisdifferentformfinancialaccountingandmanagementaccounting.Afinancialmanagerisresponsibleforraisingfinanceandcontrollingfinancialresources.,2.Nature,principlesandscopeofaccounting,AuditIftheaccountsarepreparedinaccordancewithcompanylegislation,theauditorwillissueanunqualifiedauditreport.Iftheauditordisagreeswiththepreparationofaccountswhichareimportantandcannotpersuadethemanagementtochangetheaccounts,thenaqualifiedreportwillbeissued.,F1Principlesoflawandregulationgoverningaccountingandaudits,1.Companylaw,Limitedcompaniesarerequiredbylawtoprepareandpublishaccountsannually.Theformandcontentofaccountsareregulatedandaccountingstandardshavetobecomplied.Acompanycanbefinedforfailingtokeepproperaccountingrecordsorfailingtofilefinancialstatementsaftertheyearend,2.Accountingconceptsandindividualjudgment,FinancialstatementsarepreparedonthebasisofaccountingconceptsDifferentgroupsofpeoplewouldproducedifferentfinancialstatementsonthesamedata.,3.UKaccountingstandards,AccountingStandardsCommittee（1970-1990）DetailedaccountingstandardrulesFinancialReportingCouncilandAccountingStandardBoard（ASB）（1990onwards）:

AccountingstandardprinciplesTheUrgentIssuesTaskForce（UITF）:

AnoffshootoftheASB,tackleurgentmattersnotcoveredbyexistingstandards.,3.UKaccountingstandards,FinancialReportingReviewPanel（FRRP）ConcerningtheexaminationandquestioningofdeparturesfromaccountingstandardsbylargefirmsTheseprovisionsnowhavetheforceoflaw,4.TheEuropeanUnion,ThecompaniesinUKhavetocomplythelegalrequirementsofEUsuchasInternationalFinancialReportingStandards.（IFRSs）,5.InternationalAccountingStandardsBoard,TheobjectivesofIASBistodevelopglobalaccountingstandards,promotetheuseandrigorousapplicationofthestandards,bringaboutconvergenceofnationalaccountingstandards.,6.GenerallyAcceptedAccountingPractice（GAAP）,TheobjectivesofIASBistodevelopglobalaccountingstandards,promotetheuseandrigorousapplicationofthestandards,bringaboutconvergenceofnationalaccountingstandards.,6.GenerallyAcceptedAccountingPractice（GAAP）,GAAPisasetofrulesgoverningaccountingwhichmayderivefrom:

Companylaw,accountingstandards,statutoryrequirementsinothercountries,stockexchangerequirements,7.TrueandFairview,Theaccountinginformationhastoreflecttheexactsituationandperformance（giveatrueandfairviewofthestate）ofthecompany.,7.TrueandFairview,ExamplequestionThepreparationandfilingofaccountsbylimitedcompanieseachyearsisrequiredbywhichofthefollowing?

A.CodesofcorporategovernanceB.NationallegislationC.InternationalAccountingStandardsD.LocalAccountingStandards,F1Thesourcesandpurposesofinternalandexternalfinancialinformation,1.Externalreports,Theincomestatement（Profitandlossaccount）Therecordofincomegeneratedandexpenditureincurredoveragivenperiod.ThestatementoffinancialpositionAlistofalltheassetsownedbyabusinessandalltheliabilitiesownedbyabusinessataparticulardateThestatementofcashflowsSourcesofcashgeneratedduringaperiodandhowthesefundshavebeenspend,2.Internalreports,CostscheduleItcanbeproducedforthewages,departmentalcosts,costofsales,sellingexpenses,administrationcostsetcwhichenablesmanagerstokeepacheckonwhatthebusinessisspending.BudgetsBudgetsmaybepreparedtoshowprojectedsales,thecosts,profitsortheoverheads.Budgetsenablethedepartmenttoidentifypotentialproblemsandarrangeoverdraftfacilitieswiththebankinadvance.,2.Internalreports,VariancereportsThevariancereportsdetailthedifferencesbetweentheactualperformanceandbudgetsandexplainanymaterialvariances.,F1Financialsystems,proceduresandrelatedITapplications,1.Controloverbusinesstransaction,Officeorganization,1.Controloverbusinesstransaction,ControlovertransactionsManagementmusthavecontroloverthefollowingareas:

a.Salesoncreditmadetonewcustomers.b.Purchasesofgoodsornon-currentassetsandpaymentsforexpenses.c.Payroll,1.Controloverbusinesstransaction,FinancialcontrolproceduresPurposesoffinancialcontrolprocedures:

a.Financialtransactionareproperlycarriedoutb.Theassetsaresafeguardedc.Accurateandtimelymanagementinformationisproduced,1.Controloverbusinesstransaction,FinancialcontrolproceduresExamplesofprocedures:

a.Chequesoveracertainamountneedtwosignatoriesb.Authorizationlimitsforpurchaseordersc.Authorizationforpettycashandexpenseclaimsd.Effectivecreditcontrolprocedurese.Computersecurityprocedures,1.Controloverbusinesstransaction,FinancialcontrolproceduresSignalsofpoorcontrolprocedures:

a.Cashorchequesmissedb.Excessivebadordoubtfuldebtsc.Customersnotpayingorsuppliersnotbeingpaidontimed.Unauthorizedpurchasese.Failuretoproduceaccountsatthespecifiedtime,2.Themainbusinessfinancialsystems,Thepayrollsystema.Inputstoapayrollsystem.Clockcardsortimesheets,amountofbonusb.Processinginapayrollsystem,Calculatingandimplementingthevariousdeductionstofindnetpay,andthemmakingpaymentsbytheappropriatemethodc.OutputsfromapayrollsystemPayslips,payrollanalysis,afloppydiskwithpaymentdetailsetc,2.Themainbusinessfinancialsystems,Theaimsofcontroloverpayrollsystemsa.Employeesareonlypaidforwhattheyhavedoneb.Grossandnetpayhasbeencalculatedandrecordedcorrectlyc.Thecorrectemployeesarepaidandauthorizedd.Thecorrectamountsarepaidtotaxauthoeities,2.Themainbusinessfinancialsystems,Themeasuresofcontroloverpayrollsystemsa.SettingofwagesandsalariesSegregationofduties;

Maintenancepersonnelrecordsandregularchecks;

Authorization;

Recordingandreviewinghoursworkedetcb.RecordingofwagesandsalariesBasesforcompilationofpayroll;

Preparation,checkingandapprovalofpayroll;

Dealingwithnon-routinematters,2.Themainbusinessfinancialsystems,Themeasuresofcontroloverpayrollsystemsc.PaymentsofwagesandsalariesSegregationofduties;

Authorizationofwagecheque;

custodyofcash;

Comparisonandreconciliationofwagesandbankaccountd.DeductionsReconciliationoftotalpayanddeductions;

Comparisonofactualpaywithbudgetandinvestigationofvariances;

Agreementgrossearningandtotaltaxdeducted,2.Themainbusinessfinancialsystems,Thepurchasecyclesa.InputsInvoices,returns,paymentsb.ProcessingComputerupdatesbalancesoutstandingtosuppliersc.OutputsPayablesorindividualbalances,