Financial Accounting - Exam 1 Questions And Answers
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Course
Financial Accounting
Institution
Financial Accounting
Financial Accounting - Exam 1 Questions
And Answers
Users of accounting information may be both __________ and ___________. internal and
external
Internal Users Management, Employees, Owners
External Users Creditors, Tax Authorities, Investors, Customers, Regulatory Authorities
Financial Ac...
_______________. the processes that generate information that can be used by
INTERNAL management and employees to make better decisions about the day-to-day
operations of the company
, Financial Accounting - Exam 1 Questions
And Answers
Public accounting firms offer expert service to the general public through the services
they preform
Assurance or Auditing an independent certified public accountant (CPA) examines the
financial statements of companies and expresses an opinion as to the fairness of presentation
Taxation Tax specialists provide tax advice and planning, prepare tax returns, and
represent clients before gov. agencies.
Advisory Services assist in the installation of basic accounting and internal control
systems (financial services, information technology, and management advisory services)
Public accounting jobs include: advisory services, taxation, public accounting firms, and
assurance/auditing
Corporate accounting jobs include: general accountants, cost accountants, controllers,
financial analysts, system analysts, internal auditors, and tax managers
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