Task Team of FUNdaMENtAL aCCOUntINg oom of capital market in the United States, the traditional bookkeeping evolved into financial accounting. Meanwhile, auditing became a separate discipline. The birth of management accounting was bred by the economic growth in the 1950s of the 20n Century. In the U.S., due to complicated apital market and diversified financing resources, financial management stood out as an important subject. The media also reports that, before the Crises of Southeast Asia, the salaries and positions of CfO in Hong Kong were not remarkable at all, however, ever since then, they have been significantly promoted. It can serve as evidence that accounting is determined by the economic circumstances So far, we have depicted a framework of accounting Of course, the impacts of technological development on accounting should be mentioned as well For instances, the wide use of computers enhances the accounting processing capacity, reduces the st and satisfies more diversified needs of information: the internet realizes the real-time transmission of information, which will lead to a revolutionary influence on accounting Additionally, this section is also related to the new trends in such disciplines as the accounting for changing prices and multinational enterprise accounting Pedagogical notes This is a great concern of most beginners. Our experiences tell us to offer a relaxing environment to the learners. For this reason, the first lesson rarely mentions special accounting terms. They are encouraged to read more, especially with a view related to their specialty. For instance, read those sociological works or novels of the Ming and Qing dynasties with varied perspectives of trust, control and accounting Beginners might wonder what accountants should do in future. We quote some examples from of Heroes Defeating Eagles(Shediao yingxiong Zhuan), to illustrate the close connection between the job responsibilities and the jobber's capacity. The student is supposed to understand that in college time, the extensive scope of knowledge and ability will be of great importance to the future career development Notes on Case Discussion The case is intended for two purposes: first, the student shall learn how to consult related materials and this ability is very crucial to future independent studies. Hints can be provided to the student, as to the way of utilizing the online resources. Second, students are required to judge the court erdicts from the value of accounting, thus encouraged to learn about laws, including the conventional and common laws, as well as the judiciary procedures Key points 1. From economic man to a coalition of interest of economic man 2. The relation between trust and human nature and its implication to core value of accounting 3. The relation between economic development and accounting development Reading materialTask Team of FUNDAMENTAL ACCOUNTING School of Business, Sun Yat-sen University boom of capital market in the United States, the traditional bookkeeping evolved into financial accounting. Meanwhile, auditing became a separate discipline. The birth of management accounting was bred by the economic growth in the 1950’s of the 20th Century. In the U.S., due to complicated capital market and diversified financing resources, financial management stood out as an important subject. The media also reports that, before the Crises of Southeast Asia, the salaries and positions of CFO in Hong Kong were not remarkable at all, however, ever since then, they have been significantly promoted. It can serve as evidence that accounting is determined by the economic circumstances. So far, we have depicted a framework of accounting. Of course, the impacts of technological development on accounting should be mentioned as well. For instances, the wide use of computers enhances the accounting processing capacity, reduces the cost and satisfies more diversified needs of information; the internet realizes the real-time transmission of information, which will lead to a revolutionary influence on accounting. Additionally, this section is also related to the new trends in such disciplines as the accounting for changing prices and multinational enterprise accounting. Pedagogical Notes This is a great concern of most beginners. Our experiences tell us to offer a relaxing environment to the learners. For this reason, the first lesson rarely mentions special accounting terms. They are encouraged to read more, especially with a view related to their specialty. For instance, read those sociological works or novels of the Ming and Qing dynasties with varied perspectives of trust, control and accounting. Beginners might wonder what accountants should do in future. We quote some examples from the Stories of Heroes Defeating Eagles (Shediao Yingxiong Zhuan), to illustrate the close connection between the job responsibilities and the jobber’s capacity. The student is supposed to understand that in college time, the extensive scope of knowledge and ability will be of great importance to the future career development. Notes on Case Discussion The case is intended for two purposes: first, the student shall learn how to consult related materials and this ability is very crucial to future independent studies. Hints can be provided to the student, as to the way of utilizing the online resources. Second, students are required to judge the court verdicts from the value of accounting, thus encouraged to learn about laws, including the conventional and common laws, as well as the judiciary procedures. Key points 1. From economic man to a coalition of interest of economic man. 2. The relation between trust and human nature and its implication to core value of accounting. 3. The relation between economic development and accounting development. Reading material