中山大学：《基础会计学》（英文版）Lesson 1 Introduction To Accounting

m中山大學管捏學院 经m00 BUSINESS SUN YAT-SEN UNIVERSIT Lesson 1 Introduction To Accounting M task team of FJ DAWIEAMAL ACOJAYNAVA Business School, Sun Yat-sen University

Lesson 1 Introduction To Accounting Task Team of FUNDAMENTAL ACCOUNTING Business School, Sun Yat-sen University

Outline ◆ The nature of firn; The value of accounting; ◆ The evolution of accounting, Q Accounting: a bird view Task Team of FUndaMientalactoUntING Business Sehool. Sun Yatsen niversity

2 Outline ⧫The nature of firm; ⧫The value of accounting; ⧫The Evolution of accounting; ⧫Accounting: A bird view

Opening Story Q Everyone here is supposed OUTIAUS OF to know the outlaws of the 天 Marsh 天 ◆ Question I: 星 Who plays the role of“CFO” of the Marsh Mountain Liang? t There are two: 應 www.okby.net 图片上传于 hehe Task Team of FUndaMientalactoUntING Business Sehool. Sun Yatsen niversity 3

3 Opening Story ⧫Everyone here is supposed to know the Outlaws of the Marsh; ⧫Question I:  Who plays the role of “CFO” of the Marsh Mountain Liang? →There are two;

Opening Story D Some other 地 positions related 地 令 鐵 to accounting; 星神算子数 www.okby.net 图 hehe365 www.okbynet 图片上传于 hehe365ac0 Task Team of FUndaMientalactoUntING Business Sehool. Sun Yatsen niversity

4 Opening Story  Some other positions related to accounting;

Opening Story ◆ Question I: n Why does the marsh Mountaion Liang need such positions as CFO and 貫萬萬 Chief Controller? n We must know that the title of SHUIHUZHUAN is 3 wm5 also translated as All men are Brothers. Task Team of FUndaMientalactoUntING Business Sehool. Sun Yatsen niversity 5

5 Opening Story ⧫ Question II:  Why does the Marsh Mountaion Liang need such positions as CFO and Chief Controller?  We must know that the title of SHUIHUZHUAN is also translated as All Men are Brothers

The Value of Accounting Q Why does accounting exist in every organization? Q I explain this question in another way what kind of unique value does accounting possess n The value must be fundamental and the society could not go without Q Another way to explain: Darwinism n Natural selection and the fittest survive Task Team of FUndaMientalactoUntING Business Sehool. Sun Yatsen niversity

6 The Value of Accounting ⧫ Why does accounting exist in every organization? ⧫ I explain this question in another way: what kind of unique value does accounting possess?  The value must be fundamental and the society could not go without; ⧫ Another way to explain: Darwinism;  Natural selection and the fittest survive;

The nature of firm Q Although every organization needs accounting, we just talk about enterprise accounting for simplicity What is the nature of firm? Q We discuss about human nature first; Task Team of FUndaMientalactoUntING Business Sehool. Sun Yatsen niversity 7

7 The Nature of Firm ⧫Although every organization needs accounting, we just talk about enterprise accounting for simplicity; ⧫What is the nature of firm? ⧫We discuss about human nature first;

The nature of man ◆ Ethic man; 中 国 D Human Nature: Virtue S Wil /f D Confucis vs. Hsun tzu ◆ Economic man; 古代思想家一孔子 a=2 中国邮 政 n There is no ethics concept in Economists'dictionary: + It is not from the benevolence of the butcher. the brewer, or the baker that expect our dinner, but from their regards their own interest.(Adam Smith); Task Team of FUndaMientalactoUntING Business Sehool. Sun Yatsen niversity 8

8 The Nature of Man ⧫Ethic Man;  Human Nature: Virtue vs. Evil;  Confucis vs. Hsun Tzu ⧫Economic Man;  There is no ethics concept in Economists’ dictionary; →It is not from the benevolence of the butcher, the brewer, or the baker that expect our dinner, but from their regards their own interest. (Adam Smith);

The nature of man Q We need a compound analytical tool; n Maslow and the hierarchy of Needs: the most common tool Q Michael Jensen and william Meckling 囗 REMM Self-Actualization → Resourceful Evaluator, Esteem → Maximizer, Love Model Physiological Task Team of FUndaMientalactoUntING Business Sehool. Sun Yatsen niversity 9

9 The Nature of Man ⧫ We need a compound analytical tool;  Maslow and the Hierarchy of Needs: the most common tool; ⧫ Michael Jensen and William Meckling  REMM →Resourceful, →Evaluator, →Maximizer, →Model

The nature of firm ◆ Classical theories; D a device to capture transaction costs D A nexus of contracts D Agency theory; d Economic darwinism. ◆ REMM perspective: D A coalition of economic men Task Team of FUndaMientalactoUntING Business Sehool. Sun Yatsen niversity 0

10 The Nature of Firm ⧫Classical theories;  A device to capture transaction costs;  A nexus of contracts;  Agency theory;  Economic Darwinism;  ,,,, ⧫REMM perspective:  A coalition of economic men;