Information for Decision Making
Susan Coomer Galbreath, Ph.D., CPA Charles W. Caldwell, D.B.A., CMA Jon A. Booker, Ph.D., CPA, CIA Cynthia J. Rooney, Ph.D., CPA
McGraw-Hill/Irwin Copyright©2012TheMcGraw-Hill Companies,Inc.
The Accounting Process
Accounting links decision makers
with economic activities and with the results of
Reported Results of Actions (decisions)
Types ofAccounting Information
An accounting system consists of the personnel, procedures, technology, and records used by an organization to develop accounting information and to communicate this information to decision makers.
Basic Functions of an
and record business transactions.
Classify similar transactions
into useful reports.
Summarize and communicate information to decision makers.