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Intro Business Accounting questions & answers.
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Intro Business Accounting questions & answers.
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Intro Business Accounting questions &answers.
Accounting ANS - The recording, classifying, summarizing, and interpreting of financial events and
transactions to provide management and other interested parties the information they need to make
good decisions.
Managerial Accounting ANS - Accounting used to provide information and analyses to managers inside
the organization to assist them in decision making.
Certified Management Accounting (CMA) ANS - A professional accountant who has met certain
educational and experience requirements, passed a qualifying exam, and been certified by the Institute
of Certified Management Accountants.
Financial Accounting ANS - Accounting information and analyses prepared for people outside the
organization.
Annual Report ANS - A yearly statement of the financial condition, progress, and expectations of an
organization.
Private Accountant ANS - An accountant who works for a single firm, government agency, or nonprofit
organization.
Public Accountant ANS - An accountant who provides accounting services to individuals or businesses
on a fee basis.
Certified Public Accountant (CPA) ANS - An accountant who passes a series of examinations established
by the American Institute of Certified Public Accountants (AICPA).
GAAP ANS - The Generally Accepted Accounting Principles defined by the independent Financial
Accounting Standards Board (FASB).
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