m中山大學管捏學院 经m00 BUSINESS SUN YAT-SEN UNIVERSIT Lesson 1 Introduction To Accounting Task team of TJA ACOJANAA Business School, Sun Yat-gen University
Lesson 1 Introduction To Accounting Task Team of FUNDAMENTAL ACCOUNTING Business School, Sun Yat-sen University
Outline ◆ The nature of firm; Q 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: 星天 n Who plays the role of“CFo” of the Marsh Mountain Liang.As There are two: www.okby.net 图片上传于 hehe365c0回 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 Chief Controller? n We must know that the title of shuihuzhuan is R江 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 D 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 口 Human Nature: Virtue vs.Eⅶf 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; oIt is not from the benevolence of the butcher, i 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; u 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; n Agency theory; Economic darwinism. 59 ◆ REMM perspective: D A coalition of economic men Task Team of FUndaMientalactoUntING Business Sehool. Sun Yatsen niversity 10
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;
