Chapter 1: Overview of Accounting by Tùng https://padlet.com/trantung2002vn/jifdyge00r3fl1gt Mindmap for chapter 1 of Accounting Principles; Team 6 - Member: Nguyễn Mai Chi - Nguyễn Phương Chi - Đinh Thị Mỹ Lệ - Từ Ngọc Mai - Trần Anh Tùng - Lê Phương Uyên en-us 2021-11-07 16:06:26 UTC 2026-02-08 19:30:16 UTC hello@padlet.com OVERVIEW OF trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1872995429 2021-11-07 16:10:17 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1872995429 1. The history and development of Accounting trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1872999697 2021-11-07 16:12:54 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1872999697 The ancient history trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875030235    Accounting records dating back more than 7 000 years have been found in Mesopotamia.
   The early development of accounting was closely related to developments in writing counting and money. Maybe related to the taxation and trading activities of temples.
   Other early accounting records were also found in the ruins of ancient Babylon Assyria and Sumer which date back more than 7 000 years.]]> 2021-11-08 13:34:59 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875030235 Roman Empire trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875096192 The scope of the accounting information at the emperor's disposal suggests that its purpose encompassed planning and decision making.
Records of cash commodities and transactions were kept scrupulously by military personnel of the Roman army.]]> 2021-11-08 13:54:17 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875096192 Medieval and Renaissance periods trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875116968 Luca Pacioli is the father of accounting who introduced
Double Entry System of account in 1494 at Venice in
Italy.
Pacioli declares that a successful merchant needs three
things sufficient cash or credit, good keepers and an
accounting system which allows him to view his finances
at a glance.
Double entry book keeping was developed in the 14 th
century in Italy.]]> 2021-11-08 14:00:09 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875116968 Modern Professional Accounting trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875152453 2021-11-08 14:10:01 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875152453 trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875225093 Modern Accounting is a product of centuries of
thought, custom, habit, action and convention.
Two concepts have formed the current state of the
accountancy profession:
+ The development of the double entry book keeping
system.
+ Accountancy professionalization.]]> 2021-11-08 14:29:48 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875225093 Activities needs to do in accounting trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875233499 Observe; Measure; Calculate; Record.

]]> 2021-11-08 14:32:02 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875233499 Accountants Institutes trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875248603 Institute of Chartered Accountants in England and Wales, is established by royal charter in 1880.
In the United States the American Institute of Certified Public Accountants was established in 1887.]]> 2021-11-08 14:36:09 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875248603 Role and functions of Accounting trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875272198 Accounting has formed due to the demand for information of economic management.
Accounting is associated with specific business entity.
The characteristics of accounting information are past and quantitative.
Accounting has formed with arithmetic, writing and currency.]]> 2021-11-08 14:42:25 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875272198 2. Approaches to Accounting trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875342705 2021-11-08 15:02:07 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875342705 2.1 Accounting as a management tools trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875369645 Accounting is highly subjective]]> 2021-11-08 15:09:46 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875369645 2.2 Accounting as a career trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875371174 2021-11-08 15:10:12 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875371174 2.3 Accounting as a social science trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875372898 2021-11-08 15:10:42 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875372898 Accountant trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875393586 is the person who does the accounting.]]> 2021-11-08 15:16:39 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875393586 Object of accounting trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875399616 Economic events (economic transactions).]]> 2021-11-08 15:18:23 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875399616 Product of accounting trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875401387 Accounting report. ]]> 2021-11-08 15:18:55 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875401387 Tools trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875432568 Accounting software, computer, office,.... ]]> 2021-11-08 15:27:26 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875432568 Accounting process trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875528596 2021-11-08 15:55:27 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875528596 Step 1: Identification trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875532989 2021-11-08 15:56:49 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875532989 How it happened? trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875534184 2021-11-08 15:57:13 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875534184 How much? trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875534595 2021-11-08 15:57:21 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875534595 Step 2: Measurement trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875543158 2021-11-08 16:00:01 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875543158 Step 3: Recording trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875548467 Accounting document -> Journal -> Ledger -> Trial balance -> Financial statements]]> 2021-11-08 16:01:40 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875548467 Classification trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875573270 2021-11-08 16:09:18 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875573270 Summarization trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875574170 2021-11-08 16:09:35 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875574170 Step 4: Communication trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875578350 Prepare and provide financial statements to users]]> 2021-11-08 16:10:50 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875578350 4. Types of Accounting trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875583322 2021-11-08 16:12:16 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875583322 Financial accounting trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875594201 2021-11-08 16:15:49 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875594201 Cost accounting trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875597445 2021-11-08 16:16:52 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875597445 Management accounting trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875601043 2021-11-08 16:18:03 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875601043 Human resources accounting trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875602776 2021-11-08 16:18:36 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875602776 Tax accounting trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875603948 2021-11-08 16:18:59 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875603948 Social responsibility accounting trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875619335 2021-11-08 16:23:55 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875619335 Financial Accounting & Managerial Accounting: Comparision trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875627200 2021-11-08 16:26:23 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875627200 3. Users of accounting informations trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875634902 2021-11-08 16:28:50 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875634902 Internal users trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875645618 2021-11-08 16:32:01 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875645618 External users trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875646452 2021-11-08 16:32:17 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875646452 trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875662096 Internal decision makers (managers): need accounting information for planning, controlling the operations of business.]]> 2021-11-08 16:37:11 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875662096 trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875670221 External decision makers need accounting information to make decisions related to investing, grating of credit, complying with law as well as other regulatory organizations:
- Should I invest money in this business?
- Will the business be able to repay money lent to it?
- How much income tax should be collected?]]> 2021-11-08 16:39:36 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875670221 6. Requirements for accounting information trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875692666 2021-11-08 16:46:21 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875692666 6.1 The fundamental qualitative characteristics trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875707156 2021-11-08 16:50:46 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875707156 6.2 Enhancing qualitative characteristics trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875709661 2021-11-08 16:51:35 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875709661 Relevance trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875711933 2021-11-08 16:52:16 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875711933 Faithful representation trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875767230 2021-11-08 17:09:53 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875767230 Predictive value trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875769394 Helps users in predicting future outcomes.]]> 2021-11-08 17:10:34 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875769394 Confirmatory value trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875770272 Enables users to check and confirm earlier predictions or evaluations.]]> 2021-11-08 17:10:51 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875770272 Completeness trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875772426 Adequate or full disclosure of all necessary information.]]> 2021-11-08 17:11:33 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875772426 Neutral trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875772927 Fairness and freedom from bias.]]> 2021-11-08 17:11:41 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875772927 Free from error trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875773375 No inaccuracies and omissions.]]> 2021-11-08 17:11:51 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875773375 Comparability trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875783223 Comparable information enables comparisons within the entity and across entities]]> 2021-11-08 17:15:00 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875783223 Verifiability trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875784204 Helps to assure users that information represents faithfully what it purports to represent]]> 2021-11-08 17:15:21 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875784204 Timeliness trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875786064 Means providing information to decision makers in time to be capable of influencing their decisions]]> 2021-11-08 17:15:58 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875786064 Understandability trantung2002vn https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875787817 Requires financial information to be understandable or comprehensible]]> 2021-11-08 17:16:30 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875787817 5.Accounting concepts and accounting principles chinguyenn2k2 https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875819288 2021-11-08 17:26:53 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875819288 5.2.Accounting principles chinguyenn2k2 https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875840810 2021-11-08 17:34:07 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875840810 5.3.Accounting assumption chinguyenn2k2 https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875842072 2021-11-08 17:34:34 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875842072 5.1.Accounting concept chinguyenn2k2 https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875843167 2021-11-08 17:34:57 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875843167 “Business entity” concept chinguyenn2k2 https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875965450  Definition: The business entity concept states that the transactions associated with a business must be separately recorded from those of its owners or other businesses. ]]> 2021-11-08 18:19:04 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875965450 chinguyenn2k2 https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875982733  Note: The business and its owner(s) are two separate existence entity ]]> 2021-11-08 18:25:13 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875982733 chinguyenn2k2 https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875984177  Any private and personal incomes and expenses of the related parties should not be treated as the incomes and expenses of the business ]]> 2021-11-08 18:25:44 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875984177 chinguyenn2k2 https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875986110  A reporting entity is an entity that chooses, or is required, to present general purpose financial statements ]]> 2021-11-08 18:26:27 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875986110 chinguyenn2k2 https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875987113  It does not have to be a legal entity and can comprise only a portion of an entity or two or more entities ]]> 2021-11-08 18:26:49 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875987113 “Money measurement” concept chinguyenn2k2 https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875994498  Definition: The money measurement concept states that a business should only record an accounting transaction if it can be expressed in terms of money. ]]> 2021-11-08 18:29:31 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1875994498 Accounting currency chinguyenn2k2 https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876365564  ]]> 2021-11-08 21:06:59 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876365564 chinguyenn2k2 https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876369743  A specific unit of currency used in recording transactions within the financial books of a company or business. ]]> 2021-11-08 21:09:12 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876369743 chinguyenn2k2 https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876370343 Accounting currency and home currency might bedifferent.]]> 2021-11-08 21:09:31 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876370343 chinguyenn2k2 https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876375238  If transactions are in other currencies,  must be translated into the accounting currency.]]> 2021-11-08 21:12:05 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876375238 “Time period” concept chinguyenn2k2 https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876378977  The time period concept (also known as periodicity concept, accounting time period concept, time period assumption) states that the life of an entity can be divided into equal time periods. ]]> 2021-11-08 21:14:03 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876378977 chinguyenn2k2 https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876384607 slide 49 chap1]]> 2021-11-08 21:17:20 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876384607 chinguyenn2k2 https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876385880 slide 48 c1]]> 2021-11-08 21:18:06 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876385880 Historical cost principle chinguyenn2k2 https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876389138  Historical cost is a term used instead of the term cost. ]]> 2021-11-08 21:20:03 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876389138 Market value principle chinguyenn2k2 https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876391149 2021-11-08 21:21:12 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876391149 Lower of cost and market principle chinguyenn2k2 https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876392404 2021-11-08 21:22:00 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876392404 chinguyenn2k2 https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876394857  The historical cost principle states that businesses must record and account for elements of financial statements (most assets and liabilities) at their purchase or acquisition price ]]> 2021-11-08 21:23:26 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876394857 chinguyenn2k2 https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876395505  Transactions are recorded at their cost when they occurred instead of current value. ]]> 2021-11-08 21:23:50 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876395505 chinguyenn2k2 https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876401004  The financial elements cost or price that owners report at the end of an accounting period must be adjusted for changes in the market or economy and changes due to inflation. ]]> 2021-11-08 21:26:27 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876401004 Market value chinguyenn2k2 https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876402828  is the highest estimated price that a buyer would pay and a seller would accept for an item in an open and competitive market. ]]> 2021-11-08 21:27:35 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876402828 Lower of cost or market (LCM) chinguyenn2k2 https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876408432 states that businesses must record and account some financial elements (inventory, securities holdings) under certain conditions that owners report at the end of an accounting period at the lower of either (a) historical cost or (b) value in the market.. ]]> 2021-11-08 21:30:58 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876408432 The measurement of accounting objects chinguyenn2k2 https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876414558 2021-11-08 21:34:43 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876414558 Recording and measuring income, expense, net earnings chinguyenn2k2 https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876422108 2021-11-08 21:38:50 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876422108 Cash basis accounting principle chinguyenn2k2 https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876425151 slide 66 chap1]]> 2021-11-08 21:40:43 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876425151 Accrual basis accounting principle chinguyenn2k2 https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876426029 slide 77 chap 1]]> 2021-11-08 21:41:15 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876426029 Revenue recognition chinguyenn2k2 https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876430060  a. Revenue is earned
b. Revenue is realized or realizable ]]> 2021-11-08 21:43:07 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876430060 Expense recognition chinguyenn2k2 https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876434237 Expense is recognized in the period in which related revenue is recognized (Matching Principle).]]> 2021-11-08 21:45:35 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876434237 Matching principle chinguyenn2k2 https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876436830 slide 69 chap 1]]> 2021-11-08 21:46:57 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876436830 Materiality principle chinguyenn2k2 https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876439884 slide 78 chap 1]]> 2021-11-08 21:48:45 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876439884 Principles are bases for qualitative accounting information. chinguyenn2k2 https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876444496 2021-11-08 21:51:34 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876444496 Objectivity principle chinguyenn2k2 https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876452920 slide 82]]> 2021-11-08 21:54:10 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876452920 Consistency principle chinguyenn2k2 https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876453913 slide 84]]> 2021-11-08 21:54:48 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876453913 Prudence principle chinguyenn2k2 https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876455370 slide 86]]> 2021-11-08 21:55:34 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876455370 GOING CONCERN chinguyenn2k2 https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876462575 The business will continue in operational existencefor the foreseeable future]]> 2021-11-08 22:00:14 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876462575 chinguyenn2k2 https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876465286  Financial statements should be prepared on a going concern basis unless management either intends to liquidate the enterprise or to cease trading, or has no realistic alternative but to do so ]]> 2021-11-08 22:02:09 UTC https://padlet.com/trantung2002vn/jifdyge00r3fl1gt/wish/1876465286