Accounting I

Individual Project #1

James E. Rose Jr.

American Intercontinental University

I’ve been asked to speak at a career fair for high school students in Dallas, TX. I will

create a presentation of my role as an accountant. Now I will begin my presentation:

Good morning students and teachers of North Garland High School. My name is James

E. Rose Jr and I was brought here today to discuss my role as an accountant. First, I will

discuss in detail the primary objectives of accounting. Let’s get started shall we:

The primary objective of accounting is to provide decision makers with information that

facilitates their decision making. Now, decisions are made by individuals who are both

internal and external to the company. What are internal decision makers? Internal

decision makers include the following: business owners and management. External

decision makers on the other hand, include bankers, labor unions, and government

entities. Management’s primary objective is to maximize stockholder wealth, and the

accounting information should assist with this(AIU Online M.U.S.E., 2011).

I will now explain the basic terminology of financial reporting. A financial report

involves owners, creditors, suppliers, customers, and the general public. Now,

these users are interested in the company’s cash flow prospects in which, the inflows

of cash to the firm. Investors are also interested in a return to them in the future for

the amount that they invested (stockholders) or loaned (creditors) to the firm. Investors

not only expect a return of their investment ( pay back the loan) but, also a return on the

investment (interest on a loan or capital gains on a stock). Financial reports allow these

users to judge the company’s ability to provide them with these returns on their funds.

(AIU Online, M.U.S.E., 2011).

Now, I will explain to you how accounting...