A Short Primer on Accounting Jon Ashley Corinne Mahoney Sandy Montgomery Accountancy Definition Different types of Accounting Rules that Govern Accountancy Desirable Characteristics of Accounting Information Types of Accounting Questions that a Librarian Might Receive
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Jon AshleyCorinne Mahoney
Definition: Accounting standards are authoritative statements of how particular types of transaction and other events should be reflected in financial statements. (definition from International Accounting Standards Board)
GAAP: Generally Accepted Accounting Principles
What do they look like?
General Business Resources with coverage of Accounting:
SEC Filings & Forms (EDGAR): All companies, foreign and domestic, are required to file registration statements, periodic reports, and other forms electronically through EDGAR. Anyone can access and download this information for free. http://www.sec.gov/edgar.shtml
Barron’s Annual Report Service: A free service that provides quick access to annual reports and other information on select companies. http://barronsonline.ar.wilink.com/asp/BAR5_search_ENG.asp
The way we use our numbers can have large consequences. For example:
Enron – Arthur Andersen - WorldCom – HealthSouth - Tyco - Parmalat – Mirant – Duke Energy – Global Crossing - Halliburton – Adelphia – Lucent Technologies – Xerox - Shell Oil - Fannie Mae - Freddie Mac - Social Security
Mergers & Acquisitions
Decision MakingRelationship to Other TopicsAccounting in some way influences the following: