Upload
egbert-york
View
216
Download
0
Tags:
Embed Size (px)
Citation preview
2
Framing Accounting LearningsSucceeding in a Knowledge Economy
KNOWLEDGE ECONOMY
Agenda
Present a unified framework for all accounting
Drill deeper into financial accounting
4
This work is by The Pathways Commission and is licensed under a Creative Commons Attribution-NoDerivs 3.0 Unported License.
Unified FrameworkPubic Perception of Accounting
5
This work is by The Pathways Commission and is licensed under a Creative Commons Attribution-NoDerivs 3.0 Unported License.
Unified FrameworkReality of Accounting
Pathways Vision Model
6
Often it is said that …
Accounting is the language of business.
This work is by The Pathways Commission and is licensed under a Creative Commons Attribution-NoDerivs 3.0 Unported License.
Unified FrameworkPerception Versus Reality
7
However, the public’s perception is narrow.
The public’s view of accounting following “black and white” rules, while essential, is only the grammar.
This work is by The Pathways Commission and is licensed under a Creative Commons Attribution-NoDerivs 3.0 Unported License.
Unified FrameworkPerception Versus Reality
The public’s view of accounting following “black and white” rules, while essential, is only the grammar.
88
Rather…
A subtle aspect of accounting, like nuances in other languages, is that it both affects and is affected by the business reality and culture.
This work is by The Pathways Commission and is licensed under a Creative Commons Attribution-NoDerivs 3.0 Unported License.
Unified FrameworkPerception Versus Reality
99
This work is by The Pathways Commission and is licensed under a Creative Commons Attribution-NoDerivs 3.0 Unported License.
Unified FrameworkReality of Accounting
Critical Thinking
10
This work is by The Pathways Commission and is licensed under a Creative Commons Attribution-NoDerivs 3.0 Unported License.
10
Unified FrameworkReality of Accounting
Consequences of Users’ Decisions
11
This work is by The Pathways Commission and is licensed under a Creative Commons Attribution-NoDerivs 3.0 Unported License.
11
Unified FrameworkReality of Accounting
Prosperous Society
12
This work is by The Pathways Commission and is licensed under a Creative Commons Attribution-NoDerivs 3.0 Unported License.
12
Unified FrameworkReality of Accounting
Accounting Judgments
13
Education
This work is by The Pathways Commission and is licensed under a Creative Commons Attribution-NoDerivs 3.0 Unported License.
This work is by The Pathways Commission and is licensed under a Creative Commons Attribution-NoDerivs 3.0 Unported License.
Outside companies
Media
Voting public
Special
interests
PCAOBFASB
GAAP
Congress
SEC
GAAS
Inside companies Board
CFO
Controllers
Record keepers
Reports Users
Auditors
© 1991-2014 NavAcc LLC, G. Peter & Carolyn R. Wilson
Other
Unified FrameworkDecision Making Hierarchy
14
This work is by The Pathways Commission and is licensed under a Creative Commons Attribution-NoDerivs 3.0 Unported License.
Analyze economic activity Events
Analysis
Accounting judgments
Entries
Financial-statement effects
Ratio effects
Computations
Risks & incentives
Digging Deeper into Financial Accounting
Connecting User Decisions to Economic Activity
15
This work is by The Pathways Commission and is licensed under a Creative Commons Attribution-NoDerivs 3.0 Unported License.
Owners’ Equity Change Map
Digging Deeper into Financial Accounting
Connecting User Decisions to Economic Activity
Conceptual primacy of assets and liabilities
16
This work is by The Pathways Commission and is licensed under a Creative Commons Attribution-NoDerivs 3.0 Unported License.
Digging Deeper into Financial Accounting
Connecting User Decisions to Economic Activity
17
This work is by The Pathways Commission and is licensed under a Creative Commons Attribution-NoDerivs 3.0 Unported License.
Record Keeping and Reporting Map
Digging Deeper into Financial Accounting
Connecting User Decisions to Economic Activity
18
This work is by The Pathways Commission and is licensed under a Creative Commons Attribution-NoDerivs 3.0 Unported License.
Accounting Decisions Map
Dig
gin
g D
eep
er in
to F
inan
cia
l A
ccou
ntin
gC
on
nectin
g U
ser D
ecisio
ns to
Econ
om
ic
Activity
19
Dig
gin
g D
eep
er in
to F
inan
cia
l A
ccou
ntin
gC
on
nectin
g U
ser D
ecisio
ns to
Econ
om
ic
Activity
This work is by The Pathways Commission and is licensed under a Creative Commons Attribution-NoDerivs 3.0 Unported License.
Analysis Consideration
Map
20
This work is by The Pathways Commission and is licensed under a Creative Commons Attribution-NoDerivs 3.0 Unported License.
Toulmin Model of Argumentation
Dig
gin
g D
eep
er in
to F
inan
cia
l A
ccou
ntin
gC
on
nectin
g U
ser D
ecisio
ns to
Econ
om
ic
Activity
The Big Accounting
Picture