INTRODUCTION IN ACCOUNTING - Bazele Contabilitatii

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1.1. Business Goals and Activities 1.2. Financial and Managerial Accounting and Users of Accounting Information 1.3. Basic Accounting Principles 1.1. Business Goals and Activities A business is an economic unit that aims to sell goods and services to customers at prices that will provide an adequate return to its owners. This need to earn enough income to attract and hold investment capital is the goal of profitability. In addition, businesses must meet the goal of liquidity. Liquidity means having enough funds on hand to pay debts when they are due. All businesses have the following activities: