... of Accounting • Financial accounting provides information to decision makers who are external to the business – Examples include present and future shareholders, present and future creditors, and ... Types of Accounting • Accounting Information Systems – The processes and procedures required to generate accounting information Major Types of Accounting • Nonbusiness Organization Accounting ... accounting needs of organizations which not attempt to earn a profit, such as hospitals, colleges, and churches Overview of Financial Accounting Past Transactions and Other Economic Events Financial...