"

Chapter 1 — Role of Accounting in Society

Chapter 1 Outline

1.0  Why It Matters

1.1  Explain the Importance of Accounting and Distinguish between Financial and Managerial Accounting

1.2  Identify Users of Accounting Information and How They Apply Information

1.3  Describe Typical Accounting Activities and the Role Accountants Play in Identifying, Recording, and Reporting Financial Activities

1.4  Explain Why Accounting Is Important to Business Stakeholders

1.5  Describe the Varied Career Paths Open to Individuals with an Accounting Education

Adapted from Principles of Accounting, Volume 1: Financial Accounting (c) 2010 by Open Stax. The textbook content was produced by Open Stax and is licensed under a Creative Commons BY-NC-SA 4.0 license.Download for free at https://openstax.org/details/books/principles-financial-accounting

 

License

Icon for the Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License

Bookkeeping Copyright © 2025 by Lemoore College is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License, except where otherwise noted.

Share This Book