Get a solid foundation in accounting principles with 'Accounting for Dummies'! Learn about financial statements, record-keeping, and more. Perfect for students and beginners. 7 pages of essential accounting knowledge.
Circle the letter of the Definition that corresponds to the displayed Term.
1. Bookkeeper
A: Deciding the meaning and importance of the information in various reports.
B: Services focused on tax planning, preparing tax returns, and dealing with the Internal Revenue Service
C Generally supervises the work of accounting clerks, helps with daily accounting work, and summarizes
D: A forensic accountant who has passed the exam offered by the Association of Certified Fraud
2. Certified Internal Auditor (CIA)
A: A type of ownership structure in which more than one person owns the business.
B An internal auditor who has achieved professional recognition by passing the uniform examination
C: A paraprofessional who provides many accounting, auditing, or tax services under the direct
D: A specialized field that combines fraud detection, fraud prevention, litigation support, expert
3. Accountant
A: A type of ownership structure in which one person owns the business.
B Designs the accounting information system and focuses on analyzing and interpreting information.
C: Records, sorts, and files accounting information.
D: A business that provides a service.
4. Discussion Memorandum
A: Providing advice to businesses on a Wide variety of managerial issues.
B: A business that makes a product to sell.
C The first document issued by FASB when developing an accounting standard. This document identifies
D: Generally supervises the work of accounting clerks, helps with daily accounting work, and summarizes
5. Management Advisory Services
A: Reviewing the operating and accounting control procedures adopted by management to make sure the
B Providing advice to businesses on a Wide variety of managerial issues.
C: A type of ownership structure in which more than one person owns the business.
D: The first document issued by FASB when developing an accounting standard. This document identifies
6. Recording
A: A business that makes a product to sell.
B: An internal auditor who has achieved professional recognition by passing the uniform examination
C Entering financial information about events affecting the company into the accounting system.
D: Sorting and grouping similar items together rather than merely keeping a simple, diary-like record of
Business - 2024/25 2024/2025 Edition
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