【正文】 ? Accessing Financial Reports and Statements – Available to all via the Inter from pany’s website – Formally sent or made available to owners by preparer – Formally filed with the . Government (Securities and Exchange Commission) (10Q, 10K, and numerous other forms) and subsequently accessible from the SEC’s EDGAR system 169。 shares are not sold or traded 169。 2020 Pearson Education Introduction to Financial Accounting, 10/e 4 of 35 LO 1 Accounting and DecisionMaking ? Accounting – the process of identifying, recording, summarizing, and reporting economic information to decision makers ? Types of Accounting: – Tax – primarily used by the government – NonProfit (donors, governments) – Managerial – insiders (budgets, planning, costing, pricing, managing product mix, etc.) –Financial – outsiders (owners, creditors, suppliers, regulators, unions, others) 169。 2020 Pearson Education Introduction to Financial Accounting, 10/e 13 of 35 LO 3 Balance Sheet Transactions ? Every transaction of a pany or entity affects the balance sheet equation – An entity is an anization that stands apart from other anizations and individuals as a separate economic unit for which the balance sheet is being prepared – A transaction is any event that affects the financial position of that entity and that can be reliably recorded in money terms ? At least two accounts will be affected for every entry recorded (pound entry = 2 accounts) LO 3 Balance Sheet Transactions Assets = Liabilities + Owners’ Equity Cash Lopez, Capital (1) + $400,000 = +$400,000 Transaction 1: Initi