TAXA

It is the language of business. The results of the operation of the company will determine the decision of the company

It is the language of business. The results of the operation of the company will determine the decision of the company

Art of recording, classifying, summarizing transactions and events and interpreting the resutls thereof

Financial Accounting External users

• Investors and creditors

• comptetitors

• Regulators

• customers

• owners

MANAGERIAL ACCOUNTING INTERNAL USERS

• managers

• owners

• employees

• competitors

This type of business has an advantage of ease and low cost in organizing and has a limited source of financial resources and unlimited liabilities

• Proprietorship

• Corporation

• Cooperatives

• Partnership

It has an advantage of more financial resources and management skills but still have unlimited liability

• Proprietorship

• Partnership

• Cooperatives

• Corporation

it is organized under state or federal statutes on a separate legal entity. IT has the ability to obtain large amounts of resources (stocks)by issuing stocks but face double taxation

• Corporation

• cooperatives

• Propieatorshhip

• Partnership

it is the resources owned by the business

is the owner's right to the assets of the business. Assets less liabilites. Residual interest