Accounting Environment

1. Accounting

1.1. Definition

1.2. Classification

1.3. Uses of accounting information

2. Proffesional Organizations

2.1. Financial Acounting Standards Board(FASB)

2.2. Securities and Exchange Commission (SEC)

2.3. American Institute of Certified Public Accountants (AICPA)

2.4. American Accounting Association (AAA)

3. Generally Accepted Accounting Principles (GAAP)

3.1. Basic principles

3.2. Business applied and modified

3.3. Based on the real situation

4. Fundamental Concepts and Principles

4.1. Matching

4.2. Realization

4.3. Cost

4.4. Accounting Period

4.5. Money Measurements

4.6. Going-concern

4.7. Business Entity

5. Forms of Business Enterprise

5.1. Partnership

5.2. Sole proprietorship

5.3. Coporation